20540: Unemployment Rate Trend
How 20540'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
7.3%
2023
3.8%
Total change
-3.5 pp
% change
-47.9%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.3% | — |
| 2019 | 6.4% | -0.9 pp (-12.3%) |
| 2020 | 6.2% | -0.2 pp (-3.1%) |
| 2021 | 5.8% | -0.4 pp (-6.5%) |
| 2022 | 4.5% | -1.3 pp (-22.4%) |
| 2023 | 3.8% | -0.7 pp (-15.6%) |