Overall unemployment rate moved down to 3.3% with the biggest shift in Restaurants & Hotels, which gained 2,100 roles, based on the most recently available information published in June 2021.
Total employment in the Charleston-North Charleston, SC market rose by 3,913 jobs in May and the unemployment rate decreased compared to the prior month by 70 bps to 3.3%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Charleston-North Charleston, SC unemployment rate is 220 bps below the national rate which is a positive sign.
- Unemployment in the market is 820 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 3.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 71,000; +200
- Government: 66,900; +100
- Business Services: 54,600; +300
- Restaurants & Hotels: 44,700; +2,100
- Education & Healthcare: 44,500; -200
- Manufacturing: 27,700; no change
- Construction, Mining: 20,900; -300
- Financial Services: 15,300; -200
- Other Jobs: 14,200; +200
- IT & Development: 5,600; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.