Wake Forest town: Unemployment Rate Trend
How Wake Forest town'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
5.4%
2023
4.5%
Total change
-0.9 pp
% change
-16.7%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.4% | — |
| 2019 | 3.9% | -1.5 pp (-27.8%) |
| 2020 | 5.6% | +1.7 pp (43.6%) |
| 2021 | 4.6% | -1.0 pp (-17.9%) |
| 2022 | 4.3% | -0.3 pp (-6.5%) |
| 2023 | 4.5% | +0.2 pp (4.7%) |