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
4.1%
2023
2.7%
Total change
-1.4 pp
% change
-34.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.1% | — |
| 2019 | 3.1% | -1.0 pp (-24.4%) |
| 2020 | 2.8% | -0.3 pp (-9.7%) |
| 2021 | 2.7% | -0.1 pp (-3.6%) |
| 2022 | 2.6% | -0.1 pp (-3.7%) |
| 2023 | 2.7% | +0.1 pp (3.8%) |