Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.0 percentage points in July 2021 to 6.6%. For the same month, the metro unemployment rate was 1.9 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in April 2020 at 13.4% and is now 6.8 percentage points lower. From a post peak low of 6.5% in March 2021, the unemployment rate has now grown by 0.1 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate July 2021 Month/Month Year/Year
National 5.4% -0.5 -4.8
Tennessee 4.7% -0.2 -4.2
Memphis 6.6% 0.0 -5.5
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2021 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 81,173. There are now 38,008 fewer people unemployed in the metropolitan area. From a recent trough of 42,036 in March 2021, the number of unemployed has now grown by 1,129. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons July 2021 Month/Month Year/Year
Memphis 43,165 +222 -32,665

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
August
2021
5.2%
July
2021
5.4% 4.7% 6.6% 43,165
June
2021
5.9% 4.9% 6.6% 42,943
May
2021
5.8% 5.0% 6.5% 42,170
April
2021
6.1% 5.0% 6.5% 42,141
March
2021
6.0% 5.1% 6.5% 42,036
February
2021
6.2% 4.9% 6.6% 42,675
January
2021
6.3% 5.1% 6.8% 43,851
December
2020
6.7% 5.6% 6.9% 44,985
November
2020
6.7% 5.6% 7.2% 46,507
October
2020
6.9% 7.8% 10.0% 66,535
September
2020
7.8% 7.9% 10.3% 68,463

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.