Olean city: Unemployment Rate Trend
How Olean 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
7.5%
2023
6.3%
Total change
-1.2 pp
% change
-16%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.5% | — |
| 2019 | 5.4% | -2.1 pp (-28%) |
| 2020 | 6.8% | +1.4 pp (25.9%) |
| 2021 | 8.8% | +2.0 pp (29.4%) |
| 2022 | 6.6% | -2.2 pp (-25%) |
| 2023 | 6.3% | -0.3 pp (-4.5%) |