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
5.3%
2023
3.1%
Total change
-2.2 pp
% change
-41.5%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.3% | — |
| 2019 | 4.0% | -1.3 pp (-24.5%) |
| 2020 | 4.0% | +0.0 pp (0%) |
| 2021 | 2.8% | -1.2 pp (-30%) |
| 2022 | 1.7% | -1.1 pp (-39.3%) |
| 2023 | 3.1% | +1.4 pp (82.4%) |