Traverse City, MI Metro Area: Unemployment Rate Trend
How Traverse City, MI Metro 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
6.0%
2023
3.8%
Total change
-2.2 pp
% change
-36.7%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.0% | — |
| 2019 | 4.7% | -1.3 pp (-21.7%) |
| 2020 | 4.2% | -0.5 pp (-10.6%) |
| 2021 | 4.5% | +0.3 pp (7.1%) |
| 2022 | 3.9% | -0.6 pp (-13.3%) |
| 2023 | 3.8% | -0.1 pp (-2.6%) |