Department of Numbers

NOTE: It looks like there won't be any metro employment/unemployment updates for the next few months. The BLS is reworking the data based on new OMB geographic delineations and won't be able to release updates until at least (and probably later than) April 21st. More here. I'll update the data as soon as it's available. Sorry folks.

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.1 percentage points in December 2014 to 7.8%. For the same month, the metro unemployment rate was 1.2 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in December 2009 at 10.6% and is now 2.8 percentage points lower. From a post peak low of 7.7% in May 2014, the unemployment rate has now grown by 0.1 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate December 2014 Month/Month Year/Year
National 5.6% -0.2 -1.1
Tennessee 6.6% 0.0 -0.3
Memphis 7.8% -0.1 -1.3
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with December 2014 data as January 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 December 2009 at 63,963. There are now 18,589 fewer people unemployed in the metropolitan area. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons December 2014 Month/Month Year/Year
Memphis 45,374 -613 -8,709

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
February
2015
5.5% 6.6%
January
2015
5.7% 6.7%
December
2014
5.6% 6.6% 7.8% 45,374
November
2014
5.8% 6.6% 7.9% 45,987
October
2014
5.7% 6.6% 8.0% 46,840
September
2014
5.9% 6.6% 8.2% 48,067
August
2014
6.1% 6.6% 8.2% 48,371
July
2014
6.2% 6.6% 8.1% 47,798
June
2014
6.1% 6.6% 7.8% 46,089
May
2014
6.3% 6.5% 7.7% 45,490
April
2014
6.2% 6.5% 7.8% 46,309
March
2014
6.6% 6.4% 8.2% 48,541

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.