Overall unemployment rate moved down to 2.8% , based on the most recently available information published in November 2022.
Total employment in the Hilton Head Island-Bluffton-Beaufort, SC market declined by 1,507 jobs in September and the unemployment rate decreased compared to the prior month by 20 bps to 2.8%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- 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 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in September versus prior month by 0.5% 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: 11,600; no change
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.