Overall unemployment rate moved up to 4.4% with the biggest shift in Restaurants & Hotels, which lost 800 roles, based on the most recently available information published in December 2022.

Total employment in the Myrtle Beach-Conway-North Myrtle Beach, SC-NC market declined by 1,540 jobs in October and the unemployment rate increased compared to the prior month by 70 bps to 4.4%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Myrtle Beach-Conway-North Myrtle Beach, SC-NC unemployment rate is 100 bps above the national rate which is a negative sign.
  • Unemployment in the market is equal to the unemployment rate in the market last year at this time.
  • Average wages (per hour) grew in October versus prior month by 4.6% 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 October 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Restaurants & Hotels: 43,500; -800
  • Transportation & Utilities: 40,900; +400
  • Government: 24,500; +400
  • Education & Healthcare: 20,700; +300
  • Business Services: 18,100; +200
  • Construction, Mining: 10,600; no change
  • Financial Services: 10,400; -100
Myrtle Beach-Conway-North Myrtle Beach, SC-NC Unemployment by Industry October 2022

Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.