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Maui Unemployment Rates Low and Dropping

Good news for those concerned about getting a job on Maui.
November 23, 2012

Maui Unemployment Rates Low and Dropping

Move to Maui

By Mark Harbison

According to the state Department of Labor & Industrial Relations, Maui's unemployment rate in October was down 2 percentage points from the same month last year to 5.5 percent.

As for the state, the seasonally adjusted jobless rate was also 5.5 percent. That's down from 5.7 percent in September. According to data analysts, unemployment hasn't been that low in Hawaii since November of 2008.

This is good news for those considering a move to Maui. Many are concerned about finding work here, but the seasonally adjusted unemployment for the nation on average was 7.9 percent in October. This proves that Maui's unemployment rate is below the national average.

If you've been reading news reports and aren't too familiar with Hawaii, don't be confused by Maui versus Maui County. Maui County includes Maui, Molokai and Lanai. For Maui County, unemployment was 5.7 percent, which was still down from 6 percent in September and 7.7 percent in October of last year. The reason the number is slightly higher is because Molokai's unemployment rate was at 14 percent, which was still better than last month and October of last year. Molokai's population is small compared to Maui's, which is why it didn't change the County average too much. It also helped that Lanai's unemployment rate was only 1.3 percent.

An addition to the good news is that 11,900 jobs were added to the workforce in Hawaii since June. Leisure and hospitality contributed 800 jobs to that number, while professional and business services contributed 600 jobs. The construction, trade, transportation and utilities sectors rose by 300 jobs each.

It's really great to hear all these tidbits of news about economic improvements for the island and the state as a whole. If all goes well, hopefully these factors will continue to help Maui real estate recover. Mahalo for reading this week!

Blogs for November 2012

Personal Income in Hawaii on the Rise

Posted on November 30, 2012
Personal Income in Hawaii on the Rise

By Mark Harbison

According to the U.S. Bureau of Economic Analysis (BEA), the personal income of Hawaii residents rose by 9 percent between 2009 and 2011. This coupled with falling unemployment rates is not surprising, and should be reassuring to those of you considering a… Continue Reading

Maui Unemployment Rates Low and Dropping

Posted on November 23, 2012
Maui Unemployment Rates Low and Dropping

By Mark Harbison

According to the state Department of Labor & Industrial Relations, Maui's unemployment rate in October was down 2 percentage points from the same month last year to 5.5 percent.

As for the state, the seasonally adjusted jobless rate was also 5.5 percent. That's down from… Continue Reading

Fairmont Kea Lani Makahiki

Posted on November 16, 2012
Fairmont Kea Lani Makahiki

By Mark Harbison

Interested in expanding your knowledge of Hawaiian culture? Located conveniently close to South Maui homes, the Fairmont Kea Lani Hotel will be hosting a Makahiki, which is an ancient Hawaiian tradition that took place in the fall, and included a break from war and work… Continue Reading

Dine Out For Hospice Maui

Posted on November 09, 2012
Dine Out For Hospice Maui

By Mark Harbison

On Tuesday, November 13th, Maui residents and visitors alike will be dining out, and for a long list of restaurants, part of the proceeds will go to Hospice Maui. It's all part of the Dine Out For Hospice Maui event, and there are 29… Continue Reading

Free Native Tree for Your Maui Landscaping

Posted on November 02, 2012
Free Native Tree for Your Maui Landscaping

By Mark Harbison

Looking to add some gorgeous landscaping to your South Maui property? Have you thought of planting native trees that will need little care and grow naturally well in the climate your home is in? Would you like a free native tree? If… Continue Reading

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

Mark@RealEstateMauiHawaii.com

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