Spencer, IA Micro Area: Unemployment Rate Trend
How Spencer, IA 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
3.4%
2023
4.0%
Total change
+0.6 pp
% change
+17.6%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 3.4% | — |
| 2019 | 4.2% | +0.8 pp (23.5%) |
| 2020 | 4.6% | +0.4 pp (9.5%) |
| 2021 | 4.7% | +0.1 pp (2.2%) |
| 2022 | 4.1% | -0.6 pp (-12.8%) |
| 2023 | 4.0% | -0.1 pp (-2.4%) |