Charleston Jobs Report

May 2024 Jobs Report

Jobs Added

Metro +2,100
  • Month Over Month: +0.5%
  • 3 Month Average: 3,200
  • Year Over Year: +4.5%
State -400
  • Month Over Month: -0.1%
  • 3 Month Average: -233
  • Year Over Year: +1.6%
National +272,000
  • Month Over Month: +0.2%
  • 3 Month Average: 249,000
  • Year Over Year: +1.8%

Unemployment Rate

Metro 3.7%
  • Month Over Month: -1.0%
  • 3 Month Average: 4.37%
  • Year Over Year: +0.3%
State 4.3%
  • Month Over Month: 0.0%
  • 3 Month Average: 4.3%
  • Year Over Year: +0.8%
National 4.0%
  • Month Over Month: +0.1%
  • 3 Month Average: 3.9%
  • Year Over Year: +0.3%

May’s labor market shows strong and brings a few notable surprises

After April’s job report signaled signs of a slowdown, the labor market bounced back strong in May. 272,000 jobs were added last month, which comes as a shock considering most expert predictions estimated around 190,000.

An unpredictable job market has become the norm for many, and May’s unemployment rate made a surprise uptick as well. This month marks the first time since January 2022 that the jobless rate hit the 4% threshold.

• May ended a 27-month streak of a below 4% unemployment rate

• Labor force participation rate dropped to 62.5% from 62.7% in April

• For workers aged 25-54, the labor force participation rate rose to its highest level in 22 years

• Leisure and hospitality (42,000), healthcare (68,000), and government (43,000) continued to be the standout industries for hiring

• Average hourly earnings rose 0.4%, or 14 cents

The expected unpredictability

Economists are struggling to find clear takeaways from today’s labor market. Each month, the jobs report brings unexpected changes in key data points, from the unemployment rate to the average hourly earnings.

That’s why it’s critical to have a partner who understands how data fits into the big picture. Adecco has been in the staffing industry for decades, and we have plenty of experience drowning out the noise and focusing on what matters.

If you want to learn more about our expertise and data analytics that can provide actual clarity, reach out to us today and let’s get started.

Find more Adecco insights on this month’s jobs report in the U.S. News & World Report.

Local Industry Job Growth from the B.L.S.

Finance & Insurance +100
  • From Last Month: +0.5%
  • 3 Month Average: 19
  • From Last Year: +1.6%
Accommodation & Food Services 0
  • From Last Month: 0.0%
  • 3 Month Average: 8
  • From Last Year: -2.4%
Manufacturing +100
  • From Last Month: +3.3%
  • 3 Month Average: 3
  • From Last Year: 0.0%
Retail Trade +100
  • From Last Month: +1.0%
  • 3 Month Average: 10
  • From Last Year: 0.0%
Goods Producing +300
  • From Last Month: +3.1%
  • 3 Month Average: 10
  • From Last Year: +1.0%

U.S. Job Growth for All Sectors

Local Job Reports

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.