Montevideo city: Unemployment Rate Trend
How Montevideo 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
1.6%
2023
2.4%
Total change
+0.8 pp
% change
+50%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 1.6% | — |
| 2019 | 3.5% | +1.9 pp (118.7%) |
| 2020 | 5.7% | +2.2 pp (62.9%) |
| 2021 | 5.7% | +0.0 pp (0%) |
| 2022 | 4.2% | -1.5 pp (-26.3%) |
| 2023 | 2.4% | -1.8 pp (-42.9%) |