Magnolia city: Unemployment Rate Trend
How Magnolia 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
8.8%
2023
3.1%
Total change
-5.7 pp
% change
-64.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 8.8% | — |
| 2019 | 10.8% | +2.0 pp (22.7%) |
| 2020 | 5.4% | -5.4 pp (-50%) |
| 2021 | 5.3% | -0.1 pp (-1.9%) |
| 2022 | 3.8% | -1.5 pp (-28.3%) |
| 2023 | 3.1% | -0.7 pp (-18.4%) |