According to a report released by the state of Hawaii’s Department of Labor and Indsutrial Relations, Hawaii’s unemployment dropped to 6.5 percent in January 2012. The report noted that this was the lowest level that unemployment has been in the state since February 2009, when unemployment was 6.4 percent. The national unemployment rate for January 2012 was 8.3 percent.
Honolulu County had the lowest unemployment rate of the state at 5.7 percent. Hawaii (Big Island) County had the highest unemployment rate at 9.4 percent. Kauai County had a 8.3 percent unemployment rate, and Maui Count had a 7.1 percent unemployment rate. The University of Hawaii Economic Research Organization has predicted that unemployment will average 6.2 percent in 2012 and will further be reduced to 5.5 percent in 2013.
Source: Honolulu Star Advertiser, 3-13-2012, 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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