Memphis, Tennessee Unemployment
The BLS reported that the unemployment rate for Memphis fell 3.0 percentage points in November 2020 to 6.9%. For the same month, the metro unemployment rate was 1.6 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in April 2020 at 13.4% and is now 6.5 percentage points lower. You can also compare Memphis unemployment with unemployment in other cities.
Unemployment Rate | November 2020 | Month/Month | Year/Year |
---|---|---|---|
National | 6.7% | -0.2 | +3.1 |
Tennessee | 5.3% | -2.0 | +2.0 |
Memphis | 6.9% | -3.0 | +2.8 |
Unemployment Rate: Memphis, Tennessee, National
Note: Recessions shown in gray.
Memphis, Tennessee Unemployed
The number of people unemployed in Memphis peaked in April 2020 at 80,788. There are now 34,689 fewer people unemployed in the metropolitan area. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.
Unemployed Persons | November 2020 | Month/Month | Year/Year |
---|---|---|---|
Memphis | 46,099 | -18,890 | +19,793 |
Number of Unemployed Persons
Memphis, Tennessee Unemployment History
Date | National Unemployment Rate |
Tennessee Unemployment Rate |
Memphis Unemployment Rate |
Memphis Unemployed |
---|---|---|---|---|
December 2020 |
6.7% | — | — | — |
November 2020 |
6.7% | 5.3% | 6.9% | 46,099 |
October 2020 |
6.9% | 7.3% | 9.9% | 64,989 |
September 2020 |
7.8% | 6.5% | 9.3% | 61,093 |
August 2020 |
8.4% | 8.6% | 11.9% | 79,396 |
July 2020 |
10.2% | 9.7% | 12.8% | 79,665 |
June 2020 |
11.1% | 9.6% | 11.3% | 69,142 |
May 2020 |
13.3% | 11.0% | 11.0% | 69,051 |
April 2020 |
14.8% | 15.5% | 13.4% | 80,788 |
March 2020 |
4.4% | 3.3% | 4.0% | 26,170 |
February 2020 |
3.5% | 3.4% | 4.1% | 26,512 |
January 2020 |
3.5% | 3.3% | 4.1% | 26,329 |
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. ↩