Memphis, TN Unemployment Rate Report

Memphis, TN Historical Unemployment Trends

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Since 2005 the unemployment rate in Memphis, Tennessee has ranged from 3.9% in December 1998 to 16.4% in July 2020. The current unemployment rate for Memphis is 6.2% in August 2022. See how other local areas compare by using our Unemployment Compare tool.

Memphis, TN Unemployment Rate by Month

Very High Unemployment Area
Memphis, TN Current Unemployment - 6.2%
Memphis, TN Unemployment Rate
Month/Year Memphis, TN% Tennessee% National %
1 / 2022 6.5% 3.7% 4.0%
2 / 2022 5.6% 3.3% 3.8%
3 / 2022 5.1% 3.0% 3.6%
4 / 2022 5.2% 3.1% 3.6%
5 / 2022 5.5% 3.4% 3.6%
6 / 2022 6.9% 4.2% 3.6%
7 / 2022 6.9% 4.0% 3.5%
8 / 2022 6.2% 3.5% 3.7%

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