Department of Numbers

Memphis, Tennessee Job Growth

There were 644,700 jobs in Memphis, Tennessee in July 2021 according to the CES survey of employers. The CPS survey of households showed 608,472 employed persons for the month. Memphis lost 1,100 jobs in July 2021 according to the CES survey while the broader CPS measure of employment rose by 1,078 (Comparing CES and CPS employment numbers.). You can also compare Memphis job growth to job growth in other cities.

Employment Survey July 2021 Month/Month Year/Year
CES 644,700 -1,100 +36,800
CPS 608,472 +1,078 +58,761

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 657,800. Since then 13,100 jobs have been lost in Memphis according to the employer survey. From a trough of 593,400 in April 2020, Memphis has gained 51,300 jobs according to CES employment figures.

CPS employment reached a maximum of 619,075 for Memphis in August 2019. 10,603 jobs have been lost in Memphis since then according to the household survey. From a April 2020 low of 524,486, Memphis has added 83,986 jobs according to the CPS survey.

Employment: CES, CPS

CES and CPS employment chart through July 2021

Memphis, Tennessee Employment History

Date CES
Employment
CES
Month/Month
CPS
Employment
CPS
Month/Month
July 2021 644,700 -1,100 608,472 1,078
June 2021 645,800 1,900 607,394 1,099
May 2021 643,900 5,200 606,295 1,725
April 2021 638,700 -1,600 604,570 622
March 2021 640,300 6,200 603,948 -735
February 2021 634,100 1,100 604,683 -979
January 2021 633,000 -3,600 605,662 -291
December 2020 636,600 3,200 605,953 3,257
November 2020 633,400 2,300 602,696 4,005
October 2020 631,100 8,800 598,691 3,769
September 2020 622,300 6,100 594,922 5,249
August 2020 616,200 8,300 589,673 39,962