Wood-Ridge borough: Unemployment Rate Trend
How Wood-Ridge 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
6.2%
2023
4.7%
Total change
-1.5 pp
% change
-24.2%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.2% | — |
| 2019 | 4.9% | -1.3 pp (-21%) |
| 2020 | 4.1% | -0.8 pp (-16.3%) |
| 2021 | 5.3% | +1.2 pp (29.3%) |
| 2022 | 4.2% | -1.1 pp (-20.8%) |
| 2023 | 4.7% | +0.5 pp (11.9%) |