The State of Hawaii’s unemployment rate fell to 6.3 percent in April 2012, which was a decrease from 6.4 percent posted in March 2012. This number actually represented the lowest unemployment rate that the state has seen in over 3 years since the 6.1 percent posted in January 2009. The University of Hawaii Economic Research Organization (UHERO) further forecasts that unemployment rates will average 6.1 percent in 2012 and will decrease to 5.4 percent in 2013.
Honolulu County had the lowest unemployment rate of 5.3 percent. Maui County posted a 6.5 percent unemployment rate. Kauai County had a 7.7 percent unemployment rate and Hawaii County (Big Island of Hawaii) had a 8.7 percent unemployment rate. Nationally, the United States as a whole had a 8.1 percent unemployment rate in April 2012.
Source: Honolulu Star Advertiser, 5-18-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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