Memphis, Tennessee Job Growth

There were 658,600 jobs in Memphis, Tennessee in November 2023 according to the CES survey of employers. The CPS survey of households showed 599,724 employed persons for the month. Memphis lost 4,900 jobs in November 2023 according to the CES survey while the broader CPS measure of employment fell by 961 (Comparing CES and CPS employment numbers.). You can also compare Memphis job growth to job growth in other cities.

Note: The CPS survey data is now seasonally adjusted at the metropolitan level by with the new BLS SSA series.

Memphis, Tennessee Employment Changes

The charts below show the monthly job growth for Memphis as measured by the CES and CPS surveys. To illustrate the trend, the 3 month moving average change in employment is shown in green.

CES Employment Change: 1 Month, Rolling 3 Month

CPS Employment Change: 1 Month, Rolling 3 Month

Total Employment for Memphis, Tennessee

CES employment for Memphis peaked in February 2023 at 671,900. Since then 13,300 jobs have been lost in Memphis according to the employer survey.

CPS employment reached a maximum of 619,153 for Memphis in September 2019. 19,429 jobs have been lost in Memphis since then according to the household survey. From a April 2020 low of 529,690, Memphis has added 70,034 jobs according to the CPS survey.

Employment: CES, CPS

Memphis, Tennessee Employment History