Department of Numbers

Memphis, Tennessee Job Growth

There were 670,300 jobs in Memphis, Tennessee in January 2023 according to the CES survey of employers. The CPS survey of households showed 607,379 employed persons for the month. Memphis added 4,000 jobs in January 2023 according to the CES survey while the broader CPS measure of employment fell by 2,549 (Comparing CES and CPS employment numbers.). You can also compare Memphis job growth to job growth in other cities.

Employment Survey January 2023 Month/Month Year/Year
CES 670,300 +4,000 +17,000
CPS 607,379 -2,549 -2,772

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 in January 2023 is at a new high of 670,300.

CPS employment reached a maximum of 621,278 for Memphis in June 2022. 13,899 jobs have been lost in Memphis since then according to the household survey.

Employment: CES, CPS

CES and CPS employment chart through January 2023

Memphis, Tennessee Employment History

Date CES
Employment		 CES
Month/Month		 CPS
Employment		 CPS
Month/Month
January 2023 670,300 4,000 607,379 -2,549
December 2022 666,300 -1,000 609,928 -3,476
November 2022 667,300 3,600 613,404 -3,624
October 2022 663,700 -1,000 617,028 -2,331
September 2022 664,700 1,200 619,359 -833
August 2022 663,500 -900 620,192 -817
July 2022 664,400 900 621,009 -269
June 2022 663,500 500 621,278 1,106
May 2022 663,000 1,200 620,172 1,436
April 2022 661,800 3,400 618,736 2,738
March 2022 658,400 1,300 615,998 2,858
February 2022 657,100 3,800 613,140 2,989

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