Memphis CDP: Unemployment Rate Trend
How Memphis CDP's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
7.3%
2023
7.8%
Total change
+0.5 pp
% change
+6.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.3% | — |
| 2019 | 6.2% | -1.1 pp (-15.1%) |
| 2020 | 9.8% | +3.6 pp (58.1%) |
| 2021 | 7.9% | -1.9 pp (-19.4%) |
| 2022 | 8.1% | +0.2 pp (2.5%) |
| 2023 | 7.8% | -0.3 pp (-3.7%) |