Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis rose 1.4 percentage points in July 2020 to 12.7%. For the same month, the metro unemployment rate was 3.2 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in April 2020 at 13.4% and is now 0.7 percentage points lower. From a post peak low of 11.0% in May 2020, the unemployment rate has now grown by 1.7 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate July 2020 Month/Month Year/Year
National 10.2% -0.9 +6.5
Tennessee 9.5% -0.1 +6.1
Memphis 12.7% +1.4 +8.5
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2020 data as August 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 April 2020 at 80,788. There are now 1,637 fewer people unemployed in the metropolitan area. From a recent trough of 69,051 in May 2020, the number of unemployed has now grown by 10,100. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons July 2020 Month/Month Year/Year
Memphis 79,151 +10,009 +51,968

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
August
2020
8.4%
July
2020
10.2% 9.5% 12.7% 79,151
June
2020
11.1% 9.6% 11.3% 69,142
May
2020
13.3% 11.0% 11.0% 69,051
April
2020
14.7% 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
3.6% 3.3% 4.1% 26,329
December
2019
3.5% 3.3% 4.0% 26,146
November
2019
3.5% 3.3% 4.1% 26,306
October
2019
3.6% 3.3% 4.1% 26,482
September
2019
3.5% 3.3% 4.1% 26,707

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.