Department of Numbers

Memphis, Tennessee Job Growth

There were 632,000 jobs in Memphis, Tennessee in November 2020 according to the CES survey of employers. The CPS survey of households showed 617,609 employed persons for the month. Memphis lost 300 jobs in November 2020 according to the CES survey while the broader CPS measure of employment rose by 22,929 (Comparing CES and CPS employment numbers.). You can also compare Memphis job growth to job growth in other cities.

Employment Survey November 2020 Month/Month Year/Year
CES 632,000 -300 -22,800
CPS 617,609 +22,929 -2,349

Note: The CPS survey data is now seasonally adjusted at the metropolitan level by with the new BLS SSA series.

Memphis, Tennessee Employment Changes

The charts below show the monthly job growth for Memphis as measured by the CES and CPS surveys. To illustrate the trend, the 3 month moving average change in employment is shown in green.

CES Employment Change: 1 Month, Rolling 3 Month

CPS Employment Change: 1 Month, Rolling 3 Month

Total Employment for Memphis, Tennessee

CES employment for Memphis peaked in February 2020 at 658,000. Since then 26,000 jobs have been lost in Memphis according to the employer survey. From a trough of 584,900 in April 2020, Memphis has gained 47,100 jobs according to CES employment figures.

CPS employment reached a maximum of 625,022 for Memphis in March 2020. 7,413 jobs have been lost in Memphis since then according to the household survey. From a April 2020 low of 522,221, Memphis has added 95,388 jobs according to the CPS survey.

Employment: CES, CPS

CES and CPS employment chart through November 2020

Memphis, Tennessee Employment History

Date CES
Employment
CES
Month/Month
CPS
Employment
CPS
Month/Month
November 2020 632,000 -300 617,609 22,929
October 2020 632,300 8,500 594,680 -578
September 2020 623,800 5,400 595,258 6,881
August 2020 618,400 4,900 588,377 44,388
July 2020 613,500 3,700 543,989 -727
June 2020 609,800 9,000 544,716 -13,110
May 2020 600,800 15,900 557,826 35,605
April 2020 584,900 -73,100 522,221 -102,801
March 2020 658,000 0 625,022 6,829
February 2020 658,000 1,200 618,193 -958
January 2020 656,800 1,800 619,151 -866
December 2019 655,000 200 620,017 59