Norwood borough: Unemployment Rate Trend
How Norwood 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
4.1%
2023
1.2%
Total change
-2.9 pp
% change
-70.7%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.1% | — |
| 2019 | 2.6% | -1.5 pp (-36.6%) |
| 2020 | 2.2% | -0.4 pp (-15.4%) |
| 2021 | 2.4% | +0.2 pp (9.1%) |
| 2022 | 2.5% | +0.1 pp (4.2%) |
| 2023 | 1.2% | -1.3 pp (-52%) |