42020: Unemployment Rate Trend
How 42020'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
2.5%
2023
0.2%
Total change
-2.3 pp
% change
-92%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 2.5% | — |
| 2019 | 1.5% | -1.0 pp (-40%) |
| 2020 | 4.5% | +3.0 pp (200%) |
| 2021 | 1.7% | -2.8 pp (-62.2%) |
| 2022 | 1.3% | -0.4 pp (-23.5%) |
| 2023 | 0.2% | -1.1 pp (-84.6%) |