Hoyt Lakes city: Unemployment Rate Trend
How Hoyt Lakes 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
6.7%
2023
15.7%
Total change
+9.0 pp
% change
+134.3%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.7% | — |
| 2019 | 6.9% | +0.2 pp (3%) |
| 2020 | 14.9% | +8.0 pp (115.9%) |
| 2021 | 15.5% | +0.6 pp (4%) |
| 2022 | 16.3% | +0.8 pp (5.2%) |
| 2023 | 15.7% | -0.6 pp (-3.7%) |