According to a report released by the state’s Department of Labor and Industrial Relations, Hawaii’s unemployment rate fell to 5.5 percent in October 2012. This has been Hawaii’s lowest rate since November 2008 when unemployment was at 5.3 percent. Governor Neil Abercrombie commented, “Hawaii’s improved unemployment rate is another welcome sign that our economy is continuing to recover. To continue this positive momentum, we remain committed to our proven plan of fiscal prudence and investing in state infrastructure and facilities that will continue to stimulate the economy and create employment opportunities for local residents.”
Honolulu County had the lowest unemployment rate in the state at 5 percent. Maui County had a 6 percent unemployment rate while Kauai County had a 6.5 percent unemployment rate. Hawaii County (Big Island of Hawaii) had the highest rate at 7.5 percent. Nationally, the unemployment rate for October was 7.9 percent.
Source: Honolulu Star Advertiser, 11-16-2012, 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
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
