While the struggle for a steady economy has been a rough toad, the Greater Memphis area unemployment rate fell in January at a faster rate than in Tennessee or the U.S., according to a new report by the Tennessee Department of Labor and Workforce Development. Metro Memphis’ unemployment rate fell to 8.4 percent in January from 10 percent in January 2013, with 49,860 people looking for jobs out of a labor force of 590,720. The report has been a positive take on the local economy and shows continued growth in Memphis.
Thinking of moving to Memphis? The growing stability of the employment sector should make you feel more confident in making the relocation a reality. See you in Memphis!