According to a report issued by the state Department of Labor and Industrial Relations, Hawaii's unemployment rate dropped to 4.2 percent in September 2014. Leroy Laney, a professor of economics and finance at Hawaii Pacific University, stated, "It continues to be favorable news, and it's a gradually improving economy that we hope continues. I would emphasize the word ‘gradually' because there are some pockets of weakness in the economy. We're not approaching a boom this time, but we are doing well." Laney added that the tourism industry has not been as robust this year as economist had initially forecast, but noted that the construction industry has been improving to offset this.
In comparison, the U.S. unemployment rate was 5.9 percent for September 2014.
Source: Honolulu Star Advertiser, 10-21-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
