Overall unemployment rate moved down to 2.8% with the biggest shift in Business Services, which gained 900 roles, based on the most recently available information published in December 2021.
Total employment in the Charleston-North Charleston, SC market rose by 2,043 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 2.8%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Charleston-North Charleston, SC unemployment rate is 146 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 7.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 72,400; +700
- Government: 68,900; +500
- Business Services: 52,900; +900
- Education & Healthcare: 44,700; +200
- Restaurants & Hotels: 44,100; -300
- Manufacturing: 28,200; +200
- Construction, Mining: 21,300; +400
- Financial Services: 16,000; +300
- Other Jobs: 14,800; +200
- IT & Development: 5,600; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.