19980: Unemployment Rate Trend
How 19980'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
6.3%
2023
5.6%
Total change
-0.7 pp
% change
-11.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.3% | — |
| 2019 | 5.8% | -0.5 pp (-7.9%) |
| 2020 | 4.7% | -1.1 pp (-19%) |
| 2021 | 2.3% | -2.4 pp (-51.1%) |
| 2022 | 2.0% | -0.3 pp (-13%) |
| 2023 | 5.6% | +3.6 pp (180%) |