Medford Lakes borough: Unemployment Rate Trend
How Medford Lakes borough'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
7.8%
2023
3.6%
Total change
-4.2 pp
% change
-53.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.8% | — |
| 2019 | 7.1% | -0.7 pp (-9%) |
| 2020 | 6.1% | -1.0 pp (-14.1%) |
| 2021 | 4.2% | -1.9 pp (-31.1%) |
| 2022 | 3.4% | -0.8 pp (-19%) |
| 2023 | 3.6% | +0.2 pp (5.9%) |