Memphis, Tennessee Job Growth

There were 633,000 jobs in Memphis, Tennessee in February 2021 according to the CES survey of employers. The CPS survey of households showed 606,547 employed persons for the month. Memphis lost 0 jobs in February 2021 according to the CES survey while the broader CPS measure of employment fell by 1,779 (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 2020 at 657,800. Since then 24,800 jobs have been lost in Memphis according to the employer survey. From a trough of 593,400 in April 2020, Memphis has gained 39,600 jobs according to CES employment figures.

CPS employment reached a maximum of 625,022 for Memphis in March 2020. 18,475 jobs have been lost in Memphis since then according to the household survey. From a April 2020 low of 522,221, Memphis has added 84,326 jobs according to the CPS survey.

Employment: CES, CPS

Memphis, Tennessee Employment History