Memphis, Tennessee Unemployment
The BLS reported that the unemployment rate for Memphis fell 0.2 percentage points in January 2023 to 4.2%. 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 April 2020 at 13.1% and is now 8.9 percentage points lower. You can also compare Memphis unemployment with unemployment in other cities.
Unemployment Rate | January 2023 | Month/Month | Year/Year |
---|---|---|---|
National | 3.4% | -0.1 | -0.6 |
Tennessee | 3.5% | 0.0 | 0.0 |
Memphis | 4.2% | -0.2 | -0.7 |
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 79,681. There are now 53,007 fewer people unemployed in the metropolitan area. Memphis employment and jobs data (including jobs lost/gained in Memphis, Tennessee) is also available.
Unemployed Persons | January 2023 | Month/Month | Year/Year |
---|---|---|---|
Memphis | 26,674 | -1,220 | -4,665 |
Number of Unemployed Persons
Memphis, Tennessee Unemployment History
Date | National Unemployment Rate |
Tennessee Unemployment Rate |
Memphis Unemployment Rate |
Memphis Unemployed |
---|---|---|---|---|
February 2023 |
3.6% | — | — | — |
January 2023 |
3.4% | 3.5% | 4.2% | 26,674 |
December 2022 |
3.5% | 3.5% | 4.4% | 27,894 |
November 2022 |
3.6% | 3.5% | 4.5% | 29,164 |
October 2022 |
3.7% | 3.5% | 4.6% | 29,897 |
September 2022 |
3.5% | 3.4% | 4.6% | 30,109 |
August 2022 |
3.7% | 3.3% | 4.7% | 30,733 |
July 2022 |
3.5% | 3.3% | 4.7% | 30,770 |
June 2022 |
3.6% | 3.2% | 4.6% | 30,164 |
May 2022 |
3.6% | 3.2% | 4.6% | 29,720 |
April 2022 |
3.6% | 3.3% | 4.6% | 29,537 |
March 2022 |
3.6% | 3.3% | 4.6% | 29,521 |
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. ↩