Overall unemployment rate moved down to 2.9% with the biggest shift in Restaurants & Hotels, which gained 2,000 roles, based on the most recently available information published in April 2022.
Total employment in the Charleston-North Charleston, SC market rose by 4,533 jobs in March and the unemployment rate decreased compared to the prior month by 70 bps to 2.9%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Charleston-North Charleston, SC unemployment rate is 85 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 4.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Government: 70,100; +400
- Transportation & Utilities: 68,300; -400
- Business Services: 57,900; -900
- Restaurants & Hotels: 51,500; +2,000
- Education & Healthcare: 43,300; +300
- Manufacturing: 28,400; no change
- Construction, Mining: 21,800; +300
- Financial Services: 16,400; +100
- Other Jobs: 15,100; -100
- IT & Development: 7,400; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.