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
15.6%
2023
11.1%
Total change
-4.5 pp
% change
-28.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 15.6% | — |
| 2019 | 12.7% | -2.9 pp (-18.6%) |
| 2020 | 12.2% | -0.5 pp (-3.9%) |
| 2021 | 11.7% | -0.5 pp (-4.1%) |
| 2022 | 9.1% | -2.6 pp (-22.2%) |
| 2023 | 11.1% | +2.0 pp (22%) |