Somerset village: Unemployment Rate Trend
How Somerset village'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
4.2%
2023
1.6%
Total change
-2.6 pp
% change
-61.9%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.2% | — |
| 2019 | 5.2% | +1.0 pp (23.8%) |
| 2020 | 4.6% | -0.6 pp (-11.5%) |
| 2021 | 4.4% | -0.2 pp (-4.3%) |
| 2022 | 4.3% | -0.1 pp (-2.3%) |
| 2023 | 1.6% | -2.7 pp (-62.8%) |