Overall unemployment rate moved up to 3.2% with the biggest shift in Government, which lost 1,000 roles, based on the most recently available information published in August 2022.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market declined by 541 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.2%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Hilton Head Island-Bluffton-Beaufort, SC unemployment rate is 64 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 June versus prior month by 6.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -8.6%. Key sectors include:
- Government: 10,600; -1,000
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.