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Honolulu Jobless Rate Dropped in July

A little good news for the Hawaiian economy.
September 04, 2009

Honolulu Jobless Rate Dropped in July

By Mark Harbison

Although it may seem like it at times, it's not all bad news out there. There have been a lot of foreclosures and job losses in the past year, but there has been a nationwide increase in existing home sales as well as an increased number of visitors to Maui in July. Here's a bit more good news. Honolulu's jobless rate was 6.9 percent in June but that number dropped to 6.1 in July.

So, many of those who lost their jobs in the capital city recently have found employment again. That is very good news indeed, especially considering the number of people that those gains account for.

These numbers were reported by the U.S. Bureau of Labor Statistics, in case you weren't sure about the credibility of such a report. We still have a long way to go, considering that the jobless rate was still up from 3.9 percent since July of last year.

Hawaii is not alone in the need for recovery since July of last year. In fact, all metropolitan areas in the U.S. had higher unemployment rates this July than last, but that is no surprise. The climb from this low must take place in small increments.

Honolulu's unemployment levels were in fact lower than the national average, which was 9.7 percent this July as opposed to 6 percent in July last year. In conclusion, we're certainly not out of the woods yet, but we're taking steps in the right direction, and that is reassuring.


Looking for Maui real estate? See our Maui real estate listings, or you can always use our online Maui real estate search tool. If you need any help with our website or your pursuit of great Maui real estate, please send an email to Mark mark@realestatemauihawaii.com or Lisa lisa@realestatemauihawaii.com. You can also call (866) 874-1942 toll free or Lisa's cell at (808) 283-7426. Thanks for reading and have a wonderful weekend!

Blogs for September 2009

Honolulu in Top 20 Recovering Metropolitan Areas

Posted on September 25, 2009
Honolulu in Top 20 Recovering Metropolitan Areas

By Mark Harbison

According to the Brookings Institution's MetroMonitor report, Honolulu was in the top twenty strongest-performing metropolitan areas in this year's second quarter.

MetroMonitor has been watching the 100 largest metropolitan areas in the nation and reporting on a quarterly basis how well they are… Continue Reading

Kihei Rotary Club Sponsored Dinner Cruise

Posted on September 18, 2009
Kihei Rotary Club Sponsored Dinner Cruise

By Mark Harbison

The Kihei Rotary Club has sponsored a sunset/full moon dinner cruise which will take place on October 3rd. Departing at 5:30p.m. and returning at 8p.m., the cruise will combine the romance of a full moon with the beauty of the Maui sunset and… Continue Reading

Kihei Free Lecture on Travel Photography

Posted on September 11, 2009
Kihei Free Lecture on Travel Photography

By Mark Harbison

In conjunction with the Maui Photo Festival and Workshops, Rick Sammon is holding a lecture on travel photography which is free to the public. It will be held on September 14th at 6:30p.m. at the MEDB's Training Center in the Maui Research & Technology… Continue Reading

Honolulu Jobless Rate Dropped in July

Posted on September 04, 2009
Honolulu Jobless Rate Dropped in July

By Mark Harbison

Although it may seem like it at times, it's not all bad news out there. There have been a lot of foreclosures and job losses in the past year, but there has been a nationwide increase in existing home sales as well as… Continue Reading

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Mark A Harbison
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Mark@RealEstateMauiHawaii.com

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