Lake Wales city: Unemployment Rate Trend
How Lake Wales 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
11.1%
2023
6.3%
Total change
-4.8 pp
% change
-43.2%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 11.1% | — |
| 2019 | 7.7% | -3.4 pp (-30.6%) |
| 2020 | 5.2% | -2.5 pp (-32.5%) |
| 2021 | 4.5% | -0.7 pp (-13.5%) |
| 2022 | 5.7% | +1.2 pp (26.7%) |
| 2023 | 6.3% | +0.6 pp (10.5%) |