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Of the 607,900 jobs in Memphis in July 2014, 209,900 are in the manufacturing and transportation industries, around 34.5 percent. [5] Over the years, the city has become less dependent on its manufacturing and transportation sectors and has diversified its economy especially in services.
In 2022, Averitt Express opened a new distribution and fulfillment facility in the Memphis area. The new center is a 260,000 square-feet, adding to their 2.4 million square-feet of space over their 40+ locations. [4] In, 2023 Averitt Express donated $1,200,001 to St. Jude Children's Hospital. [5]
The jobs numbers are reported as part of the "Monthly Employment Situation Report" from the Bureau of Labor Statistics.The widely publicized "job creation" number is a net figure, computed as jobs created less jobs lost during the survey month.
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The city of Memphis was founded less than five months after the U.S. takeover of the territory, on May 22, 1819 (incorporated December 19, 1826), by John Overton, James Winchester and Andrew Jackson. [26] [27] They named it after the ancient capital of Egypt on the Nile River. [28]
Monogram Foods is a privately held, Memphis, Tennessee-based, manufacturer and marketer of packaged and value-added foods.The company, which distributes its products nationwide, operates manufacturing and distribution facilities in Indiana, Iowa, Massachusetts, Minnesota, Tennessee, Virginia, and Wisconsin.