Silver Lake CDP (Essex County): Unemployment Rate Trend
How Silver Lake CDP (Essex County)'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
12.7%
2023
2.8%
Total change
-9.9 pp
% change
-78%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 12.7% | — |
| 2019 | 9.8% | -2.9 pp (-22.8%) |
| 2020 | 11.1% | +1.3 pp (13.3%) |
| 2021 | 7.8% | -3.3 pp (-29.7%) |
| 2022 | 3.2% | -4.6 pp (-59%) |
| 2023 | 2.8% | -0.4 pp (-12.5%) |