Somerset, KY Micro Area: Unemployment Rate Trend
How Somerset, KY Micro Area'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
8.6%
2023
5.2%
Total change
-3.4 pp
% change
-39.5%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 8.6% | — |
| 2019 | 7.1% | -1.5 pp (-17.4%) |
| 2020 | 6.0% | -1.1 pp (-15.5%) |
| 2021 | 5.6% | -0.4 pp (-6.7%) |
| 2022 | 4.9% | -0.7 pp (-12.5%) |
| 2023 | 5.2% | +0.3 pp (6.1%) |