Overall unemployment rate moved down to 4.4% with the biggest shift in Restaurants & Hotels, which gained 2,000 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 4,799 jobs in March and the unemployment rate decreased compared to the prior month by 100 bps to 4.4%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 65 bps above the national rate which is a negative sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March 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 1.9% . Key sectors include:
- Transportation & Utilities: 41,200; +700
- Restaurants & Hotels: 38,300; +2,000
- Government: 24,100; +100
- Education & Healthcare: 19,900; +100
- Business Services: 17,100; -200
- Construction, Mining: 11,000; +200
- Financial Services: 10,200; +300
- 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 March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.