The Memphis job market has set a record for local employment in June and has returned to above pre-pandemic levels, according to a Center for Economic Competitiveness June 2022 report.
“The Greater Memphis economy is on an upward trajectory, and we expect our strong job growth to accelerate as companies begin following through on last year’s record level of job commitments,” Greater Memphis Chamber of Commerce chief economic development officer Ted Townsend said in a statement.
According to the report, 1,900 jobs were added in June, bringing the Memphis region’s total to an all-time market high of 661,700 jobs. In total, the region now has 3,800 more jobs than it did in February 2020.
The leisure and hospitality industry remains slightly below pre-pandemic levels, however, the industry has made a significant recovery from a 36.75% decrease in employment during the pandemic. The industry remains 2.76% below pre-pandemic employment levels.