Memphis city: Unemployment Rate Trend
How Memphis city'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
11.9%
2023
5.0%
Total change
-6.9 pp
% change
-58%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 11.9% | — |
| 2019 | 4.1% | -7.8 pp (-65.5%) |
| 2020 | 6.1% | +2.0 pp (48.8%) |
| 2021 | 5.8% | -0.3 pp (-4.9%) |
| 2022 | 5.5% | -0.3 pp (-5.2%) |
| 2023 | 5.0% | -0.5 pp (-9.1%) |