Madison city: Unemployment Rate Trend
How Madison 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
5.1%
2023
2.5%
Total change
-2.6 pp
% change
-51%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.1% | — |
| 2019 | 3.8% | -1.3 pp (-25.5%) |
| 2020 | 3.0% | -0.8 pp (-21.1%) |
| 2021 | 3.3% | +0.3 pp (10%) |
| 2022 | 3.0% | -0.3 pp (-9.1%) |
| 2023 | 2.5% | -0.5 pp (-16.7%) |