Overall unemployment rate moved down to 4.4% with the biggest shift in Transportation & Utilities, which gained 800 roles, based on the most recently available information published in April 2021.
Total employment in the Charleston-North Charleston, SC market rose by 2,499 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 4.4%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Charleston-North Charleston, SC unemployment rate is 178 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 4.1% and are up 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: 70,100; +800
- Government: 65,700; -100
- Business Services: 53,700; -300
- Education & Healthcare: 43,700; +200
- Restaurants & Hotels: 41,500; +800
- Manufacturing: 27,900; +100
- Construction, Mining: 21,200; no change
- Financial Services: 15,600; -100
- Other Jobs: 14,100; +200
- IT & Development: 5,600; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.