Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.4 percentage points in February 2017 to 5.2%. For the same month, the metro unemployment rate was 0.1 percentage points lower than the Tennessee rate. The unemployment rate in Memphis peaked in July 2009 at 10.4% and is now 5.2 percentage points lower. From a post peak low of 4.7% in March 2016, the unemployment rate has now grown by 0.5 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate February 2017 Month/Month Year/Year
National 4.7% -0.1 -0.2
Tennessee 5.3% -0.1 +0.6
Memphis 5.2% -0.4 +0.3
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with February 2017 data as March 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 31,705 fewer people unemployed in the metropolitan area. From a recent trough of 29,376 in March 2016, the number of unemployed has now grown by 3,297. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons February 2017 Month/Month Year/Year
Memphis 32,673 -2,474 +1,971

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
March
2017
4.5% 5.1%
February
2017
4.7% 5.3% 5.2% 32,673
January
2017
4.8% 5.4% 5.6% 35,147
December
2016
4.7% 5.1% 5.4% 33,658
November
2016
4.6% 5.1% 5.3% 33,295
October
2016
4.8% 5.0% 5.6% 35,028
September
2016
4.9% 4.9% 5.5% 34,879
August
2016
4.9% 4.8% 5.3% 33,263
July
2016
4.9% 4.8% 5.3% 32,783
June
2016
4.9% 4.7% 5.2% 32,188
May
2016
4.7% 4.6% 4.8% 30,109
April
2016
5.0% 4.6% 4.9% 30,240

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.