North Caldwell borough: Unemployment Rate Trend
How North Caldwell 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
3.7%
2023
6.3%
Total change
+2.6 pp
% change
+70.3%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 3.7% | — |
| 2019 | 1.7% | -2.0 pp (-54.1%) |
| 2020 | 4.4% | +2.7 pp (158.8%) |
| 2021 | 5.5% | +1.1 pp (25%) |
| 2022 | 5.8% | +0.3 pp (5.5%) |
| 2023 | 6.3% | +0.5 pp (8.6%) |