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Friday, December 19, 2014

Unemployment Rate Down to 4 Percent in November 2014

According to a report issued by the state Department of Labor and Industrial Relations, Hawaii's seasonally adjusted unemployment rate fell to 4 percent during November 2014. Eugene Tian, the chief economist for the state Department of Business, Economic Development and Tourism, commented, "It's very good news. The labor market has continued to improve and the labor market is in the best condition since the recession." Honolulu had the lowest unemployment rate at 3.8 percent.  Maui County came in second at 4.2 percent.  Kauai County and Hawaii County posted a 4.6 percent and 5.1 percent unemployment rates respectively. The national unemployment rate, in comparison, was 5.8 percent for November.

Source: Honolulu Star Advertiser, 12-19-2014,
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC