Memphis, Tennessee Job Growth

There were 666,900 jobs in Memphis, Tennessee in September 2023 according to the CES survey of employers. The CPS survey of households showed 601,112 employed persons for the month. Memphis added 3,900 jobs in September 2023 according to the CES survey while the broader CPS measure of employment fell by 370 (Comparing CES and CPS employment numbers.). You can also compare Memphis job growth to job growth in other cities.

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 2023 at 671,900. Since then 5,000 jobs have been lost in Memphis according to the employer survey. From a trough of 663,000 in August 2023, Memphis has gained 3,900 jobs according to CES employment figures.

CPS employment reached a maximum of 619,153 for Memphis in September 2019. 18,041 jobs have been lost in Memphis since then according to the household survey. From a April 2020 low of 529,690, Memphis has added 71,422 jobs according to the CPS survey.

Employment: CES, CPS

Memphis, Tennessee Employment History