Overall unemployment rate moved down to 3.1% , based on the most recently available information published in May 2023.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market rose by 716 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 3.1%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Hilton Head Island-Bluffton-Beaufort, SC unemployment rate is 52 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in March versus prior month by 4.8% and are up 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: 11,600; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.