48220: Unemployment Rate Trend
How 48220'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
5.2%
2023
5.9%
Total change
+0.7 pp
% change
+13.5%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.2% | — |
| 2019 | 3.0% | -2.2 pp (-42.3%) |
| 2020 | 2.8% | -0.2 pp (-6.7%) |
| 2021 | 5.4% | +2.6 pp (92.9%) |
| 2022 | 5.5% | +0.1 pp (1.9%) |
| 2023 | 5.9% | +0.4 pp (7.3%) |