Madrid city: Unemployment Rate Trend
How Madrid 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
3.1%
2023
0.8%
Total change
-2.3 pp
% change
-74.2%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 3.1% | — |
| 2019 | 3.2% | +0.1 pp (3.2%) |
| 2020 | 2.8% | -0.4 pp (-12.5%) |
| 2021 | 2.9% | +0.1 pp (3.6%) |
| 2022 | 1.1% | -1.8 pp (-62.1%) |
| 2023 | 0.8% | -0.3 pp (-27.3%) |