According to a report issued by the state Department of Labor and Industrial Relations, the state of Hawaii's unemployment rate fell to a six-year low of 4.1 during the month of October 2014. Eugene Tian, the chief economist for the Department of Business, Economic Development and Tourism, commented, "It's good news because 4.1 percent is below the natural rate of unemployment for Hawaii, which we believe is about 4.5 percent. It's an indication that the labor market is continuing to improve. The low was 2.3 percent, which means we are improving but still have room to grow. There is no such thing as zero unemployment because there's always people changing from one job to another, and there's new graduates."
Honolulu County had an unemployment rate of 3.9 percent. Maui County had a 4.3 percent unemployment rate. Kauai County had an 4.7 percent unemployment rate, while Hawaii County had a 5.3 percent unemployment rate.
Source: Honolulu Star Advertiser, 11-21-2014, 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
