Loretto borough: Unemployment Rate Trend
How Loretto 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
9.4%
2023
5.4%
Total change
-4.0 pp
% change
-42.6%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 9.4% | — |
| 2019 | 4.6% | -4.8 pp (-51.1%) |
| 2020 | 4.1% | -0.5 pp (-10.9%) |
| 2021 | 2.9% | -1.2 pp (-29.3%) |
| 2022 | 7.0% | +4.1 pp (141.4%) |
| 2023 | 5.4% | -1.6 pp (-22.9%) |