Magnolia town: Unemployment Rate Trend
How Magnolia town'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
16.0%
2023
4.1%
Total change
-11.9 pp
% change
-74.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 16.0% | — |
| 2019 | 8.0% | -8.0 pp (-50%) |
| 2020 | 7.9% | -0.1 pp (-1.2%) |
| 2021 | 4.3% | -3.6 pp (-45.6%) |
| 2022 | 4.3% | +0.0 pp (0%) |
| 2023 | 4.1% | -0.2 pp (-4.7%) |