Overall unemployment rate moved up to 4.1% with the biggest shift in Restaurants & Hotels, which lost 1,800 roles, based on the most recently available information published in September 2022.

Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market declined by 3,685 jobs in August and the unemployment rate increased compared to the prior month by 30 bps to 4.1%. The national unemployment rate stayed flat over the same time period at 3.8%.

  • Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 31 bps above the national rate which is a negative sign.
  • Unemployment in the market is 120 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 4.3% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Myrtle Beach-Conway-North Myrtle Beach, SC-NC Unemployment August 2022

For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:

  • Restaurants & Hotels: 46,800; -1,800
  • Transportation & Utilities: 41,700; -400
  • Government: 23,100; +500
  • Education & Healthcare: 20,200; +100
  • Business Services: 17,700; +200
  • Construction, Mining: 10,900; -100
  • Financial Services: 10,400; no change
  • Other Jobs: 7,000; +100
  • Manufacturing: 5,000; no change
  • IT & Development: 2,500; no change
Myrtle Beach-Conway-North Myrtle Beach, SC-NC Unemployment by Industry August 2022

Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.