Overall unemployment rate moved down to 5.5% with the biggest shift in Restaurants & Hotels, which gained 3,600 roles, based on the most recently available information published in June 2021.
Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market rose by 3,407 jobs in April and the unemployment rate decreased compared to the prior month by 60 bps to 5.5%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 25 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,410 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 0.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.4% . Key sectors include:
- Restaurants & Hotels: 39,100; +3,600
- Transportation & Utilities: 38,100; no change
- Government: 22,600; +100
- Education & Healthcare: 19,500; +100
- Business Services: 16,200; -100
- Construction, Mining: 11,400; +200
- Financial Services: 8,900; no change
- Other Jobs: 6,200; +100
- Manufacturing: 4,600; no change
- IT & Development: 2,200; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.