Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis rose 0.2 percentage points in June 2017 to 4.3%. For the same month, the metro unemployment rate was 0.7 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in July 2009 at 10.4% and is now 6.1 percentage points lower. From a post peak low of 4.1% in May 2017, the unemployment rate has now grown by 0.2 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate June 2017 Month/Month Year/Year
National 4.4% +0.1 -0.5
Tennessee 3.6% -0.4 -1.1
Memphis 4.3% +0.2 -0.9
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with June 2017 data as July metro level unemployment data has not yet been released.

Unemployment Rate: Memphis, Tennessee, National

Memphis, Tennessee monthly unemployment rate chart

Note: Recessions shown in gray.

Memphis, Tennessee Unemployed

The number of people unemployed in Memphis peaked in February 2010 at 64,378. There are now 37,176 fewer people unemployed in the metropolitan area. From a recent trough of 25,919 in May 2017, the number of unemployed has now grown by 1,283. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons June 2017 Month/Month Year/Year
Memphis 27,202 +1,283 -5,384

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
July
2017
4.3% 3.4%
June
2017
4.4% 3.6% 4.3% 27,202
May
2017
4.3% 4.0% 4.1% 25,919
April
2017
4.4% 4.7% 4.7% 30,050
March
2017
4.5% 5.1% 5.0% 31,652
February
2017
4.7% 5.3% 5.2% 32,613
January
2017
4.8% 5.4% 5.6% 35,345
December
2016
4.7% 5.1% 5.5% 34,705
November
2016
4.6% 5.1% 5.5% 34,390
October
2016
4.8% 5.0% 5.5% 34,698
September
2016
4.9% 4.9% 5.6% 34,942
August
2016
4.9% 4.8% 5.4% 34,100

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.