Overall unemployment rate stayed flat at 5.4% with the biggest shift in Restaurants & Hotels, which gained 2,100 roles, based on the most recently available information published in April 2022.
Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market rose by 2,454 jobs in February and the unemployment rate stayed flat. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 126 bps above the national rate which is a negative 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 February versus prior month by 6.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.0% . Key sectors include:
- Transportation & Utilities: 40,300; +300
- Restaurants & Hotels: 37,100; +2,100
- Government: 24,000; +300
- Education & Healthcare: 19,700; no change
- Business Services: 17,200; +600
- Construction, Mining: 10,800; no change
- Financial Services: 9,800; +100
- Other Jobs: 6,700; no change
- Manufacturing: 4,900; no change
- IT & Development: 2,400; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.