Overall unemployment rate moved down to 2.7% with the biggest shift in Restaurants & Hotels, which gained 1,100 roles, based on the most recently available information published in December 2021.
Total employment in the Charleston-North Charleston, SC market rose by 959 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 2.7%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Charleston-North Charleston, SC unemployment rate is 119 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 73,500; +1,100
- Government: 68,700; -200
- Business Services: 53,700; +700
- Education & Healthcare: 45,500; +800
- Restaurants & Hotels: 45,200; +1,100
- Manufacturing: 28,200; no change
- Construction, Mining: 21,600; +500
- Financial Services: 16,600; +500
- Other Jobs: 15,000; +200
- IT & Development: 5,600; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.