Hawaii Unemployment Rate at 4.4 Percent in October 2013

According to the state Department of Labor and Industrial Relations, Hawaii's seasonally adjusted unemployment rate was 4.4 percent in October 2013.  This was a slight increase from the 4.3 percent posted in September and August of this year.  However, state officials note that even with this increase, Hawaii's unemployment rate ranked it as the fourth lowest state in the nation and significantly lower than the national average of 7.3 percent. The University of Hawaii Economic Research Organization (UHERO) has forecast that the average unemployment rate for Hawaii will be 4 percent in 2014 and 3.7 percent in 2015.

Source: Honolulu Star Advertiser, 11-23-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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