Overall unemployment rate moved up to 3.3% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in March 2022.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market declined by 2,926 jobs in January and the unemployment rate increased compared to the prior month by 40 bps to 3.3%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Hilton Head Island-Bluffton-Beaufort, SC unemployment rate is 113 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 10.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.7%. Key sectors include:
- Government: 11,400; -200
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.