Lakefield city: Unemployment Rate Trend
How Lakefield 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
5.5%
2023
0.5%
Total change
-5.0 pp
% change
-90.9%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.5% | — |
| 2019 | 4.0% | -1.5 pp (-27.3%) |
| 2020 | 2.4% | -1.6 pp (-40%) |
| 2021 | 2.7% | +0.3 pp (12.5%) |
| 2022 | 0.4% | -2.3 pp (-85.2%) |
| 2023 | 0.5% | +0.1 pp (25%) |