According to a report issued by the state's Department of Labor and Industrial Relations, the unemployment rate dropped to 4.5 percent in July 2013. This is the lowest rate that the state of Hawaii has seen in almost five years. Honolulu County had the lowest rate at 4.2 percent. Maui County had a 4.9 percent unemployment rate. Kauai County had a 5.3 percent rate. And Hawaii (Big Island of Hawaii) County had a 6.8 percent rate. County data are not seasonally adjusted while the entire state's unemployment rate is seasonally adjusted. Chief economist for the state, Eugene Tian, commented, "The labor market is looking pretty good. We're seeing steady improvement with the unemployment rate declining and the job count increasing."
Source: Honolulu Star Advertiser, 8-16-2013, 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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