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
4.7%
2023
0.6%
Total change
-4.1 pp
% change
-87.2%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.7% | — |
| 2019 | 4.2% | -0.5 pp (-10.6%) |
| 2020 | 3.4% | -0.8 pp (-19%) |
| 2021 | 2.2% | -1.2 pp (-35.3%) |
| 2022 | 1.0% | -1.2 pp (-54.5%) |
| 2023 | 0.6% | -0.4 pp (-40%) |