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.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 11,400; no change
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.