Overall unemployment rate moved up to 4.2% with the biggest shift in Restaurants & Hotels, which gained 2,400 roles, based on the most recently available information published in August 2022.
Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market rose by 2,612 jobs in June and the unemployment rate increased compared to the prior month by 40 bps to 4.2%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 36 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 7.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.1% . Key sectors include:
- Restaurants & Hotels: 48,000; +2,400
- Transportation & Utilities: 41,900; +1,200
- Government: 23,800; -300
- Education & Healthcare: 20,100; +300
- Business Services: 17,600; +100
- Construction, Mining: 11,100; no change
- Financial Services: 10,400; +100
- Other Jobs: 6,900; no change
- Manufacturing: 5,000; +100
- IT & Development: 2,400; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.