Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis rose 0.3 percentage points in July 2014 to 8.1%. For the same month, the metro unemployment rate was 1.0 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in December 2009 at 10.6% and is now 2.5 percentage points lower. From a post peak low of 7.7% in May 2014, the unemployment rate has now grown by 0.4 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate July 2014 Month/Month Year/Year
National 6.2% +0.1 -1.1
Tennessee 7.1% +0.5 -1.3
Memphis 8.1% +0.3 -1.2
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 December 2009 at 63,963. There are now 16,158 fewer people unemployed in the metropolitan area. From a recent trough of 45,490 in May 2014, the number of unemployed has now grown by 2,315. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons July 2014 Month/Month Year/Year
Memphis 47,805 +1,716 -8,501

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
July
2014
6.2% 7.1% 8.1% 47,805
June
2014
6.1% 6.6% 7.8% 46,089
May
2014
6.3% 6.4% 7.7% 45,490
April
2014
6.3% 6.3% 7.8% 46,309
March
2014
6.7% 6.7% 8.2% 48,541
February
2014
6.7% 6.9% 8.3% 49,530
January
2014
6.6% 7.2% 8.6% 51,348
December
2013
6.7% 7.7% 9.1% 54,083
November
2013
7.0% 7.9% 9.2% 54,588
October
2013
7.2% 8.1% 9.2% 55,112
September
2013
7.2% 8.2% 9.3% 55,597
August
2013
7.2% 8.4% 9.3% 56,010
July
2013
7.3% 8.4% 9.3% 56,306

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.