According to a report released by the state Department of Labor and Industrial Relations, Hawaii’s state unemployment rate held steady at 6.3 percent for May 2012. The state had reached a high of 7.1 percent during the recession, but had a low of 2.5 percent in 2006. The University of Hawaii Research Organization (UHERO) predicts that unemployment will decrease to 6.1 percent by the end of the year. Honolulu County had an unemployment rate of 5.6 percent in May. Maui County had an unemployment rate of 6.4 percent. Kauai County had an unemployment rate of 7.7 percent. Hawaii County (Big Island of Hawaii) had an unemployment rate of 8.6 percent.
Source: Honolulu Star Advertiser, 6-15-2012, 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
