Red Bank borough: Unemployment Rate Trend
How Red Bank 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
6.3%
2023
3.1%
Total change
-3.2 pp
% change
-50.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.3% | — |
| 2019 | 5.0% | -1.3 pp (-20.6%) |
| 2020 | 4.5% | -0.5 pp (-10%) |
| 2021 | 4.3% | -0.2 pp (-4.4%) |
| 2022 | 3.2% | -1.1 pp (-25.6%) |
| 2023 | 3.1% | -0.1 pp (-3.1%) |