Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.0 percentage points in October 2018 to 4.4%. For the same month, the metro unemployment rate was 0.7 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in July 2009 at 10.4% and is now 6.0 percentage points lower. From a post peak low of 3.8% in January 2018, the unemployment rate has now grown by 0.6 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate October 2018 Month/Month Year/Year
National 3.7% 0.0 -0.4
Tennessee 3.7% +0.1 +0.4
Memphis 4.4% 0.0 +0.5
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2018 data as November 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 36,501 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 4,316. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons October 2018 Month/Month Year/Year
Memphis 28,226 +277 +3,581

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
November
2018
3.7%
October
2018
3.7% 3.7% 4.4% 28,226
September
2018
3.7% 3.6% 4.4% 27,949
August
2018
3.9% 3.6% 4.3% 27,752
July
2018
3.9% 3.5% 4.4% 28,588
June
2018
4.0% 3.5% 4.3% 27,855
May
2018
3.8% 3.5% 4.1% 26,029
April
2018
3.9% 3.4% 4.0% 25,387
March
2018
4.1% 3.4% 3.9% 25,134
February
2018
4.1% 3.4% 3.9% 25,097
January
2018
4.1% 3.3% 3.8% 23,910
December
2017
4.1% 3.3% 3.9% 24,540

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.