Overall unemployment rate moved down to 4.8% with the biggest shift in Construction, Mining, which gained 1,100 roles, based on the most recently available information published in April 2021.
Total employment in the Charleston-North Charleston, SC market rose by 5,183 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 4.8%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Charleston-North Charleston, SC unemployment rate is 175 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 69,100; -100
- Government: 65,900; +700
- Business Services: 53,200; -500
- Education & Healthcare: 42,300; -900
- Restaurants & Hotels: 40,900; +900
- Manufacturing: 28,000; +200
- Construction, Mining: 21,800; +1,100
- Financial Services: 15,800; no change
- Other Jobs: 13,800; no change
- IT & Development: 5,600; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.