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
7.8%
2023
2.0%
Total change
-5.8 pp
% change
-74.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.8% | — |
| 2019 | 6.7% | -1.1 pp (-14.1%) |
| 2020 | 3.5% | -3.2 pp (-47.8%) |
| 2021 | 3.0% | -0.5 pp (-14.3%) |
| 2022 | 2.9% | -0.1 pp (-3.3%) |
| 2023 | 2.0% | -0.9 pp (-31%) |