Overall unemployment rate moved down to 2.2% with the biggest shift in Transportation & Utilities, which gained 900 roles, based on the most recently available information published in January 2022.
Total employment in the Charleston-North Charleston, SC market rose by 1,682 jobs in November and the unemployment rate decreased compared to the prior month by 90 bps to 2.2%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Charleston-North Charleston, SC unemployment rate is 116 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Government: 71,900; +700
- Transportation & Utilities: 70,600; +900
- Business Services: 67,600; +900
- Restaurants & Hotels: 55,100; +200
- Education & Healthcare: 45,700; +600
- Manufacturing: 29,800; -100
- Construction, Mining: 21,500; no change
- Financial Services: 17,700; +200
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.