Overall unemployment rate moved up to 3.3% with the biggest shift in Government, which gained 200 roles, based on the most recently available information published in December 2022.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market declined by 269 jobs in October and the unemployment rate increased compared to the prior month by 50 bps to 3.3%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Hilton Head Island-Bluffton-Beaufort, SC unemployment rate is 10 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in October versus prior month by -1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.7% . Key sectors include:
- Government: 11,800; +200
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.