Overall unemployment rate moved down to 2.0% with the biggest shift in Restaurants & Hotels, which gained 2,500 roles, based on the most recently available information published in June 2023.
Total employment in the Charleston-North Charleston, SC market rose by 5,494 jobs in April and the unemployment rate decreased compared to the prior month by 80 bps to 2.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Charleston-North Charleston, SC unemployment rate is 110 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 73,900; -200
- Business Services: 69,000; +300
- Government: 68,500; +200
- Restaurants & Hotels: 54,800; +2,500
- Education & Healthcare: 48,600; +300
- Manufacturing: 31,300; no change
- Construction, Mining: 22,300; +200
- Financial Services: 19,900; +400
- Other Jobs: 15,600; no change
- IT & Development: 9,200; +200
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.