Newark village: Unemployment Rate Trend
How Newark village'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
2.5%
2023
1.8%
Total change
-0.7 pp
% change
-28%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 2.5% | — |
| 2019 | 3.7% | +1.2 pp (48%) |
| 2020 | 3.2% | -0.5 pp (-13.5%) |
| 2021 | 2.8% | -0.4 pp (-12.5%) |
| 2022 | 1.3% | -1.5 pp (-53.6%) |
| 2023 | 1.8% | +0.5 pp (38.5%) |