According to a report released by the U.S. Bureau of Labor Statistics, Honolulu’s unemployment rate fell to 5.3 percent in April 2012. This was a significant decrease from the 5.7 percent reported a month before in March and ranks Honolulu as the 46th lowest unemployment rate out of the 372 major metropolitan areas studied by the Bureau of Labor Statistics. The report further states that the total number of unemployed individuals in Honolulu was approximately 24,300 in April 2012. The total labor work force for the city was approximately 458,200 during that same period.
In comparison, Hawaii County (Big Island) had a 8.7 unemployment rate. Kauai County had a 7.7 percent unemployment rate. Maui County had a 6.5 percent unemployment rate. Statewide, the unemployment rate was 6.3 percent.
Source: Honolulu Star Advertiser, 5-31-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
