Overall unemployment rate moved down to 3.9% with the biggest shift in Business Services, which lost 1,200 roles, based on the most recently available information published in May 2023.
Total employment in the Augusta-Richmond County, GA-SC market rose by 173 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 3.9%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Augusta-Richmond County, GA-SC unemployment rate is 28 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 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 5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Government: 44,000; +100
- Transportation & Utilities: 41,700; -100
- Education & Healthcare: 35,700; -300
- Business Services: 32,000; -1,200
- Restaurants & Hotels: 26,600; +600
- Manufacturing: 25,100; -100
- Construction, Mining: 17,800; +100
- Other Jobs: 9,100; no change
- Financial Services: 7,000; no change
- IT & Development: 2,000; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.