Unemployment Rate in Memphis, TN-MS-AR (MSA) was 4.00% in December of 2025, according to the United States Federal Reserve. Historically, Unemployment Rate in Memphis, TN-MS-AR (MSA) reached a record high of 12.90 in July of 2020 and a record low of 3.10 in April of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Memphis, TN-MS-AR (MSA) - last updated from the United States Federal Reserve on April of 2026.