Overall unemployment rate moved down to 6.2% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in April 2021.
Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market rose by 5,635 jobs in March and the unemployment rate decreased compared to the prior month by 90 bps to 6.2%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 2 bps above the national rate which is a negative sign.
- Unemployment in the market is 170 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 11.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.2% . Key sectors include:
- Transportation & Utilities: 38,200; +1,100
- Restaurants & Hotels: 35,800; +2,700
- Government: 22,400; -100
- Education & Healthcare: 19,400; +100
- Business Services: 16,300; +600
- Construction, Mining: 11,200; +500
- Financial Services: 8,800; +100
- Other Jobs: 6,200; no change
- Manufacturing: 4,600; +100
- IT & Development: 2,200; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.