Overall unemployment rate moved up to 3.8% with the biggest shift in Business Services, which lost 700 roles, based on the most recently available information published in April 2022.
Total employment in the Augusta-Richmond County, GA-SC market declined by 658 jobs in February and the unemployment rate increased compared to the prior month by 20 bps to 3.8%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Augusta-Richmond County, GA-SC unemployment rate is 34 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 0.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 43,700; -100
- Government: 43,700; +300
- Education & Healthcare: 35,000; +600
- Business Services: 31,900; -700
- Restaurants & Hotels: 25,400; no change
- Manufacturing: 23,900; +100
- Construction, Mining: 18,100; no change
- Other Jobs: 8,600; no change
- Financial Services: 6,600; no change
- IT & Development: 2,000; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.