Overall unemployment rate stayed flat at 5.2% with the biggest shift in Transportation & Utilities, which lost 800 roles, based on the most recently available information published in September 2021.
Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market declined by 4,154 jobs in August and the unemployment rate stayed flat. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 14.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Restaurants & Hotels: 44,500; -700
- Transportation & Utilities: 38,000; -800
- Government: 21,400; +300
- Education & Healthcare: 19,300; -500
- Business Services: 15,900; -100
- Construction, Mining: 11,600; no change
- Financial Services: 8,900; no change
- Other Jobs: 6,400; -100
- Manufacturing: 4,800; -100
- IT & Development: 2,200; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.