Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis rose 0.1 percentage points in October 2016 to 5.6%. For the same month, the metro unemployment rate was 0.8 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in July 2009 at 10.4% and is now 4.8 percentage points lower. From a post peak low of 4.7% in March 2016, the unemployment rate has now grown by 0.9 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate October 2016 Month/Month Year/Year
National 4.9% -0.1 -0.1
Tennessee 4.8% +0.2 -0.8
Memphis 5.6% +0.1 -0.7
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2016 data as November 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 29,264 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 5,738. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons October 2016 Month/Month Year/Year
Memphis 35,114 +235 -3,402

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
November
2016
4.6%
October
2016
4.9% 4.8% 5.6% 35,114
September
2016
5.0% 4.6% 5.5% 34,879
August
2016
4.9% 4.4% 5.3% 33,263
July
2016
4.9% 4.3% 5.3% 32,783
June
2016
4.9% 4.1% 5.2% 32,188
May
2016
4.7% 4.1% 4.8% 30,109
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

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.