According to the state of Hawaii’s Department of Labor and Industrial Relations, the state of Hawaii’s unemployment rate dropped to 4.9 percent in March 2013. The last time the state’s jobless rate was this low was in October 2008. While the state should be very happy about this positive news, economist Lawrence “Bill” Boyd from the Center of Labor Education and Research at the University of Hawaii at West Oahu notes, “We’re still feeling the lingering effects of the recession. Full employment in Hawaii is around 3 percent. That’s a number we need to be shooting for.”
Honolulu County had an unemployment rate of 3.9 percent. Maui County posted a 5.4 percent unemployment rate. Kauai Count had a 5.7 percent unemployment rate and Hawaii County (Big Island of Hawaii) had a 6.6 percent unemployment rate. The national unemployment rate was 7.5 percent in April 2013.
Source: Honolulu Star Advertiser, 5-17-2013, 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
