Faribault city: Unemployment Rate Trend
How Faribault city'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
4.0%
2023
5.7%
Total change
+1.7 pp
% change
+42.5%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.0% | — |
| 2019 | 5.2% | +1.2 pp (30%) |
| 2020 | 6.7% | +1.5 pp (28.8%) |
| 2021 | 6.6% | -0.1 pp (-1.5%) |
| 2022 | 6.4% | -0.2 pp (-3%) |
| 2023 | 5.7% | -0.7 pp (-10.9%) |