Market update on employment trends.

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Employment by industry
28%
15%
14%
13%
10%
7%
4%
4%4%1%
Trade, Transportation & Utilities
Professional & Business Services
Educational & Health Services
Government
Leisure & Hospitality
Manufacturing
Financial Activities
Other Services
Mining, Logging & Construction
Information
Memphis | Q1 2017
Employment
Industrial Employment Update
Job growth (12-month change)
Job growth by sector (12-month change)
Industrial employment trends (12-month change, 000s)
Employment vs. unemployment rate
4.7%U.S. unemployment
1.5%U.S. 12-month job growth
5.3%Memphis unemployment
0.6%Memphis 12-month job growth
5.1%Tennessee unemployment
1.6%Tennessee 12-month job growth
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
2013 2014 2015 2016
Memphis United States
-3,500
-700
-100
0
200
400
700
900
1,100
5,000
-7,500 -5,500 -3,500 -1,500 500 2,500 4,500 6,500 8,500
Professional & Business Services
Financial Activities
Information
Government
Manufacturing
Other Services
Educational & Health Services
Leisure & Hospitality
Mining, Logging & Construction
Trade, Transportation & Utilities
-5.0
0.0
5.0
10.0
2013 2014 2015 2016
Trade,Transportation & Utilities Manufacturing
Other Services Mining, Logging & Construction
0%
4%
8%
12%
16%
550,000
575,000
600,000
625,000
650,000
2013 2014 2015 2016
Nonfarm employment Unemployment
Key takeaways:
• Memphis unemployment declines 8.2 times faster than the national rate
• The trade, transportation and utilities sector hit a historic employment high