Overall unemployment rate moved down to 2.3% with the biggest shift in Government, which lost 100 roles, based on the most recently available information published in June 2022.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market rose by 1,529 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 2.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Hilton Head Island-Bluffton-Beaufort, SC unemployment rate is 104 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 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 6.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Government: 11,600; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.