Spring Lake borough: Unemployment Rate Trend
How Spring Lake 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
4.7%
2023
2.8%
Total change
-1.9 pp
% change
-40.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.7% | — |
| 2019 | 2.1% | -2.6 pp (-55.3%) |
| 2020 | 2.3% | +0.2 pp (9.5%) |
| 2021 | 1.8% | -0.5 pp (-21.7%) |
| 2022 | 2.6% | +0.8 pp (44.4%) |
| 2023 | 2.8% | +0.2 pp (7.7%) |