Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.1 percentage points in February 2019 to 3.8%. For the same month, the metro unemployment rate was 0.6 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in July 2009 at 10.4% and is now 6.6 percentage points lower. From a post peak low of 3.8% in January 2018, the unemployment rate has now grown by 0.0 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate February 2019 Month/Month Year/Year
National 3.8% -0.2 -0.3
Tennessee 3.2% -0.1 -0.4
Memphis 3.8% -0.1 -0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with February 2019 data as March metro level unemployment data has not yet been released.

Unemployment Rate: Memphis, Tennessee, National

Memphis, Tennessee monthly unemployment rate chart

Note: Recessions shown in gray.

Memphis, Tennessee Unemployed

The number of people unemployed in Memphis peaked in February 2010 at 64,727. There are now 40,526 fewer people unemployed in the metropolitan area. From a recent trough of 23,910 in January 2018, the number of unemployed has now grown by 291. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons February 2019 Month/Month Year/Year
Memphis 24,201 -853 -896

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
March
2019
3.8% 3.2%
February
2019
3.8% 3.2% 3.8% 24,201
January
2019
4.0% 3.3% 3.9% 25,054
December
2018
3.9% 3.3% 3.8% 24,706
November
2018
3.7% 3.3% 4.1% 26,356
October
2018
3.8% 3.3% 4.4% 28,214
September
2018
3.7% 3.4% 4.4% 27,949
August
2018
3.8% 3.5% 4.3% 27,752
July
2018
3.9% 3.5% 4.4% 28,588
June
2018
4.0% 3.6% 4.3% 27,855
May
2018
3.8% 3.6% 4.1% 26,029
April
2018
3.9% 3.6% 4.0% 25,387

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.