Overall unemployment rate moved down to 3.9% with the biggest shift in Education & Healthcare, which lost 700 roles, based on the most recently available information published in September 2021.
Total employment in the Charleston-North Charleston, SC market rose by 2,922 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 3.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Charleston-North Charleston, SC unemployment rate is 176 bps below the national rate which is a positive sign.
- Unemployment in the market is 420 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 4.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 71,700; -400
- Government: 67,000; +500
- Business Services: 54,300; +400
- Restaurants & Hotels: 47,200; +500
- Education & Healthcare: 44,100; -700
- Manufacturing: 28,000; +100
- Construction, Mining: 20,800; -500
- Financial Services: 15,500; -100
- Other Jobs: 14,500; -100
- IT & Development: 5,600; -100
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.