Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.1 percentage points in May 2016 to 4.8%. 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 5.6 percentage points lower. From a post peak low of 4.7% in March 2016, the unemployment rate has now grown by 0.1 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate May 2016 Month/Month Year/Year
National 4.7% -0.3 -0.8
Tennessee 4.1% -0.2 -1.7
Memphis 4.8% -0.1 -1.8
Note: Metro level data is now seasonally adjusted.1

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 34,278 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 724. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons May 2016 Month/Month Year/Year
Memphis 30,100 -140 -10,727

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
May
2016
4.7% 4.1% 4.8% 30,100
April
2016
5.0% 4.3% 4.9% 30,240
March
2016
5.0% 4.5% 4.7% 29,376
February
2016
4.9% 4.9% 4.9% 30,702
January
2016
4.9% 5.4% 5.4% 33,506
December
2015
5.0% 5.6% 6.4% 39,335
November
2015
5.0% 5.6% 6.3% 38,964
October
2015
5.0% 5.6% 6.3% 38,516
September
2015
5.1% 5.6% 6.3% 38,504
August
2015
5.1% 5.6% 6.3% 38,888
July
2015
5.3% 5.6% 6.4% 39,310
June
2015
5.3% 5.7% 6.5% 40,022

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.