Fanwood borough: Unemployment Rate Trend
How Fanwood borough's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
5.6%
2023
2.8%
Total change
-2.8 pp
% change
-50%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.6% | — |
| 2019 | 6.8% | +1.2 pp (21.4%) |
| 2020 | 5.0% | -1.8 pp (-26.5%) |
| 2021 | 5.1% | +0.1 pp (2%) |
| 2022 | 4.7% | -0.4 pp (-7.8%) |
| 2023 | 2.8% | -1.9 pp (-40.4%) |