Memphis, TN-MS-AR
| Data Series | Jan 2022 | Mar 2022 |
|---|---|---|
| Unemployment Rate(2) | 5.2 | 4.2 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 649.1 | 655.4 |
| 12-month % change | 3.1 | 3.5 |
What is the unemployment rate in Shelby County TN?
Shelby County continued to have the highest unemployment rate in Tennessee. The county’s number of jobless individuals in July jumped by 1.3 percentage points to 14.4%. In July 2019, Shelby County’s rate was 4.6%. With a rate of 12.7%, Haywood County had the second-highest rate of unemployment in the state.
How is Memphis economy?
On Wednesday, we learned for only the second time in the past decade, the Memphis Metropolitan Area is growing at a faster pace than the nation’s economy as a whole. At the start of 2021, our unemployment rate was at 7%. We ended the year at 4.1%, adding 18,500 jobs.
What city has the highest rate of unemployment?
As of May 2022, the unemployment rate was highest in the Cleveland-Elyria, OH metropolitan area, and stood at 5.5 percent.
| Characteristic | Unemployment rate |
|---|---|
| Salt Lake City, UT | 2.2% |
| San Francisco-Oakland-Hayward, CA | 2.2% |
| San Jose-Sunnyvale-Santa Clara, CA | 1.9% |
What state has the highest employment rate?
South Carolina
1. South Carolina. South Carolina has the highest employment rate in the United States of 97.7% (an unemployment rate of 2.3%). From September 2019 to December 2019, South Carolina’s unemployment rate dropped from 2.9% to 2.3%, hitting historic lows four times.
What is a good salary in Memphis TN?
A good salary in Memphis, TN is anything over $39,000. That’s because the median income in Memphis is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Memphis. The average salary in Memphis is $47,593. A good hourly wage in Memphis is $18.75 per hour.
Is Memphis in decline?
Since 1970, Memphis’ population has effectively stagnated, with the population rising from 623,988 to 652,717.
What is the main industry in Memphis?
Manufacturing, transportation and warehousing still lead
With the Memphis metro area well established as a manufacturing and logistics hub, it’s not surprising that those and other related industries not only contribute significantly to local growth but also outperform national growth.
Which state has the worst unemployment?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | — | American Samoa |
| — | — | Northern Mariana Islands |
| 2 | — | Puerto Rico |
| 3 | 1 | Nevada |
Which city has lowest unemployment rate?
Salt Lake City, Utah.
Which state in the US has the lowest unemployment rate?
Nebraska had the lowest rate at 1.9%, followed by Minnesota and Utah at 2.0%. The map below shows the most recent unemployment rate for every state, according to BLS data.
What is the hardest state to get a job?
Wrapping Up
| Rank | State | Recent Job Growth |
|---|---|---|
| 1 | Kentucky | -1.49% |
| 2 | Alabama | 0.04% |
| 3 | West Virginia | -0.72% |
| 4 | Louisiana | 0.32% |
What state is easiest to find a job?
The 10 Best States To Find A Job
- Texas. Unemployment rate: 6.6 percent.
- Florida. Unemployment rate: 8.5 percent.
- New York. Unemployment rate: 8.7 percent.
- Nebraska. Unemployment rate: 3.8 percent.
- Arizona. Unemployment rate: 8.1 percent.
- South Dakota. Unemployment rate: 4.5 percent.
- Utah. Unemployment rate: 5.2 percent.
- Washington.
What’s the best state to move to?
Overall Rankings
- #1. Washington.
- #2. Minnesota.
- #3. Utah.
- #4. New Hampshire.
- #5. Idaho.
How much money do you need to live comfortably in Memphis Tennessee?
The median income in Memphis is $41,864. However, it’s advisable to spend no more than 30% of your take home pay on rent. If you rent a one bedroom apartment in Memphis for $968, you need a salary of $38,720 to live comfortably. For a two bedroom apartment that costs $1,127, you’ll need a salary of at least $46,080.
What is upper class in Memphis?
The average Memphis income of the top 20 percent is $172,622, with the top five percent income being $335,653.
Is Memphis a poor city?
Poverty Rankings
In 2020, Memphis placed again in the top spot in both overall poverty and child poverty among large Metropolitan Statistical Areas (MSAs) with populations greater than 1,000,000.
Is Memphis a Black city?
In Memphis, there are 17 neighborhoods — as defined by census tracts — that are at least 98% Black, and there are five that are at least 90% white, according to 2015-2019 data from the U.S. Census Bureau American Community Survey.
What percent of Memphis is Black?
64 percent
Black people in Memphis are 64 percent of the population. Whites make up 29 percent of the local population.
Why does Memphis have a large black population?
In 1862, during the Civil War, the Union Army overtook Memphis by sailing down the Mississippi River from the north. Many slaves fled their plantations to join the Union lines; because of this, the Black population in Memphis increased from 3,000 before the war to over 20,000 by 1865.
What is the racial makeup of Memphis TN?
The 5 largest ethnic groups in Memphis, TN are Black or African American (Non-Hispanic) (62.8%), White (Non-Hispanic) (25.9%), White (Hispanic) (4.46%), Other (Hispanic) (2.89%), and Asian (Non-Hispanic) (2.08%).