Palo city: Unemployment Rate Trend
How Palo 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
2.0%
2023
2.3%
Total change
+0.3 pp
% change
+15%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 2.0% | — |
| 2019 | 3.2% | +1.2 pp (60%) |
| 2020 | 3.1% | -0.1 pp (-3.1%) |
| 2021 | 3.3% | +0.2 pp (6.5%) |
| 2022 | 3.2% | -0.1 pp (-3%) |
| 2023 | 2.3% | -0.9 pp (-28.1%) |