Farwell village: Unemployment Rate Trend
How Farwell village'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
12.8%
2023
5.3%
Total change
-7.5 pp
% change
-58.6%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 12.8% | — |
| 2019 | 11.3% | -1.5 pp (-11.7%) |
| 2020 | 11.4% | +0.1 pp (0.9%) |
| 2021 | 9.7% | -1.7 pp (-14.9%) |
| 2022 | 6.6% | -3.1 pp (-32%) |
| 2023 | 5.3% | -1.3 pp (-19.7%) |