Department of Numbers

Memphis, Tennessee Unemployment

The BLS reported that the unemployment rate for Memphis fell 0.1 percentage points in September 2022 to 4.6%. For the same month, the metro unemployment rate was 1.2 percentage points higher than the Tennessee rate. The unemployment rate in Memphis peaked in April 2020 at 13.1% and is now 8.5 percentage points lower. From a post peak low of 4.6% in March 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Memphis unemployment with unemployment in other cities.

Unemployment Rate September 2022 Month/Month Year/Year
National 3.5% -0.2 -1.2
Tennessee 3.4% 0.0 -0.4
Memphis 4.6% -0.1 -0.8
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with September 2022 data as October 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 79,681. There are now 49,570 fewer people unemployed in the metropolitan area. From a recent trough of 29,521 in March 2022, the number of unemployed has now grown by 590. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.

Unemployed Persons September 2022 Month/Month Year/Year
Memphis 30,111 -622 -4,796

Number of Unemployed Persons

Memphis, Tennessee Unemployment History

Date National
Unemployment Rate
Tennessee
Unemployment Rate
Memphis
Unemployment Rate
Memphis
Unemployed
October
2022
3.7%
September
2022
3.5% 3.4% 4.6% 30,111
August
2022
3.7% 3.4% 4.7% 30,733
July
2022
3.5% 3.3% 4.7% 30,770
June
2022
3.6% 3.3% 4.6% 30,164
May
2022
3.6% 3.3% 4.6% 29,720
April
2022
3.6% 3.2% 4.6% 29,537
March
2022
3.6% 3.2% 4.6% 29,521
February
2022
3.8% 3.4% 4.7% 30,525
January
2022
4.0% 3.5% 4.9% 31,339
December
2021
3.9% 3.6% 5.0% 32,285
November
2021
4.2% 3.6% 5.0% 32,215

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.