12020: Unemployment Rate Trend
How 12020'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
5.5%
2023
3.4%
Total change
-2.1 pp
% change
-38.2%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.5% | — |
| 2019 | 4.2% | -1.3 pp (-23.6%) |
| 2020 | 5.3% | +1.1 pp (26.2%) |
| 2021 | 4.0% | -1.3 pp (-24.5%) |
| 2022 | 3.9% | -0.1 pp (-2.5%) |
| 2023 | 3.4% | -0.5 pp (-12.8%) |