According to a report released by the U.S. Labor Department, Honolulu's unemployment rate increased to 4.7 percent in June 2013 from the 4.0 percent posted in May. This unemployment data is not adjusted for seasonal changes, and experts noted that this influx may be due to college graduates and those still in schools looking for jobs over the summer. Government officials also noted that in June 2012, Honolulu had a 6 percent unemployment rate. Nationally, the unemployment rate was 7.6 percent in June 2013.
Source: Honolulu Star Advertiser, 8-1-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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