Overall unemployment rate stayed flat at 4.0% with the biggest shift in Restaurants & Hotels, which lost 3,400 roles, based on the most recently available information published in December 2021.
Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market declined by 3,713 jobs in November and the unemployment rate stayed flat. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 10.7% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Transportation & Utilities: 39,600; +1,300
- Restaurants & Hotels: 38,300; -3,400
- Government: 22,600; +300
- Education & Healthcare: 19,800; -200
- Business Services: 15,600; -200
- Construction, Mining: 11,400; +100
- Financial Services: 8,900; no change
- Other Jobs: 6,500; +100
- Manufacturing: 4,800; no change
- IT & Development: 2,200; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.