Overall unemployment rate moved down to 5.2% with the biggest shift in Restaurants & Hotels, which gained 1,400 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 rose by 2,442 jobs in July and the unemployment rate decreased compared to the prior month by 30 bps to 5.2%. 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 46 bps below the national rate which is a positive sign.
- Unemployment in the market is 440 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 15.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Restaurants & Hotels: 45,100; +1,400
- Transportation & Utilities: 38,700; +100
- Government: 21,900; -700
- Education & Healthcare: 19,500; +300
- Business Services: 15,900; -100
- Construction, Mining: 11,500; -200
- Financial Services: 8,900; no change
- Other Jobs: 6,500; no change
- Manufacturing: 4,900; +200
- IT & Development: 2,200; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.