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US and Hawaii Unemployment Rates Falling

Good news for national employment and comparative Hawaii statistics.
March 18, 2011

US and Hawaii Unemployment Rates Falling

By Mark Harbison

The U.S. unemployment rate finally fell below 9% in February to 8.9%. It's the first time unemployment has been this low since April 2009, according to a report from the U.S. Department of Labor's Bureau of Labor Statistics. The drop occurred between January and February.

Apparently, the change occurred thanks to the addition of 192,000 jobs in the private sector in February. These jobs were most prominently found in manufacturing, construction, health care and service-providing industries. The fact that construction was on this list is great news for the housing market, although part of those numbers are certainly due to commercial construction in addition to residential.

An interesting bit of news from the report is that both state and local government jobs declined in February. Perhaps the recovery of the private sector will need to strengthen before government budgets can afford to sustain their number of positions.

As for Hawaii, the most recent data for our jobless rate comes from December, when it was 6.4%, according to the state Department of Business, Economic Development and Tourism.


In the market for Maui real estate? Have a look at new Maui property listings to keep up with what's just gone up for sale. We also recommend a look at our Maui real estate listings. You also might like to check out what's available in the Wailea Golf Estates. If you have any questions or need assistance, you can find our contact information at the bottom of the page. Mahalo for reading this week!

Blogs for March 2011

Maui Invitational Music Festival

Posted on March 31, 2011
Maui Invitational Music Festival

By Mark Harbison

On Friday, April 15th, the 2011 Maui Invitational Music Festival will be presenting the Maui Community Band and Henry Kaleialoha in this free Hawaiian music concert. The festival will be held from 5-7pm at the beautiful Grand Wailea Resort Hotel & Spa.

This festival includes many events… Continue Reading

Rotary Foundation and Red Cross Aid for Japan

Posted on March 25, 2011
Rotary Foundation and Red Cross Aid for Japan

By Mark Harbison

The best time to raise money for relief efforts in the case of natural disasters, like those that devastated Japan, is immediately after they occur and the shock is still fresh on everyone's mind. But people can quickly forget even such… Continue Reading

US and Hawaii Unemployment Rates Falling

Posted on March 18, 2011
US and Hawaii Unemployment Rates Falling

By Mark Harbison

The U.S. unemployment rate finally fell below 9% in February to 8.9%. It's the first time unemployment has been this low since April 2009, according to a report from the U.S. Department of Labor's Bureau of Labor Statistics. The drop occurred between January… Continue Reading

Rotary Club March Madness Maui Fundraiser

Posted on March 11, 2011
Rotary Club March Madness Maui Fundraiser

By Mark Harbison

The Rotary clubs of Maui have come together for their first annual Maui March Madness fundraising event for Maui's youth and the local community. In fact, 100% of the funds raised will go to Rotary scholarships, student leadership camps and other community programs.

There… Continue Reading

Maui Real Estate for Vacation Rental Income

Posted on March 04, 2011
Maui Real Estate for Vacation Rental Income

By Mark Harbison

January's report is in from the Hawaii Tourism Authority (HTA), and based on current economic conditions, now is looking like a very good opportunity to buy Maui condos or homes and use them to generate extra income through use as vacation rentals for… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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