According to the State of Hawaii’s Department of Labor and Industrial Relations, unemployment in the state of Hawaii decreased to 6.4 percent in February 2012. In comparison, Hawaii’s unemployment rate was 6.5 percent in January 2012 and 6.6 percent in February 2011. Director for the DLIR, Dwight Takamine, stated, “While we realize that many families are still struggling to make ends meet, we’re hopeful that job gains in multiple sectors will continue as a trend and our overall unemployment rate will continue to fall.”
Honolulu County had a 5.5 percent unemployment rate. Maui County had a 6.8 percent unemployment rate. Kauai County had a 7.9 unemployment rate. The national average was 8.3 percent. Principal Economist at TZ Economics, Paul Brewbaker noted, “The decline in unemployment is pretty consistent with what we’ve seen with the broader economic recovery. Labor market conditions have been better on Oahu than on the neighbor islands and better in Hawaii than the nation as a whole.”
Source: Honolulu Star Advertiser, 3-30-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
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