Paul Young (Unknown affiliation) has been Mayor of Memphis since 1 Jan 2023. The unemployment rate stood at 5.6% of the labour force in Aug 2026, 1.4 percentage points higher than when Paul Young took office in January 2023, while Tennessee's held still. Among the 106 cities with a year or more of figures, Memphis ranks 1st on the fall in violent crime and 98th of 117 on the fall in unemployment. Over the same months Tennessee's average hourly pay edged down 0.1% a year; Memphis's edged up 0.9%; the gap was widest in Jun 2026, +4.6% against −1.2%. Under Jim Strickland (2016 to 2023) the same series edged up 0.8% a year. Since day zero typical home value fell 2.4% a year, 8.9% in all.

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