Overall unemployment rate moved up to 3.6% with the biggest shift in Business Services, which gained 1,900 roles, based on the most recently available information published in April 2022.
Total employment in the Charleston-North Charleston, SC market declined by 157 jobs in February and the unemployment rate increased compared to the prior month by 40 bps to 3.6%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Charleston-North Charleston, SC unemployment rate is 54 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 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 4% and are down 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:
- Government: 69,800; +200
- Transportation & Utilities: 68,500; +100
- Business Services: 58,800; +1,900
- Restaurants & Hotels: 49,200; +900
- Education & Healthcare: 42,500; -500
- Manufacturing: 28,400; +200
- Construction, Mining: 21,600; +300
- Financial Services: 16,500; -200
- Other Jobs: 15,300; +200
- IT & Development: 7,400; -100
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.