Overall unemployment rate moved down to 3.0% , based on the most recently available information published in August 2022.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market declined by 479 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 3.0%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Hilton Head Island-Bluffton-Beaufort, SC unemployment rate is 78 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 2.5% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 11,400; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.