Franklin Lakes borough: Unemployment Rate Trend
How Franklin Lakes 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
4.9%
2023
2.3%
Total change
-2.6 pp
% change
-53.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.9% | — |
| 2019 | 5.2% | +0.3 pp (6.1%) |
| 2020 | 5.5% | +0.3 pp (5.8%) |
| 2021 | 5.4% | -0.1 pp (-1.8%) |
| 2022 | 4.4% | -1.0 pp (-18.5%) |
| 2023 | 2.3% | -2.1 pp (-47.7%) |