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Declining Hawaii Unemployment

Maui County unemployment was the lowest next to Oahu in March.
May 01, 2015

Declining Hawaii Unemployment

Hawaii's unemployment rate fell from 4.6 percent to 4.1 percent in March, compared to the same month last year. This information comes from a recent report released by the state Department of Labor and Industrial Relations. It's good news for anyone who is interested in the health of Hawaii's economy, such as prospective Maui home owners who intend to work and do business here. 

The unemployment rate was seasonally adjusted in the report, which also revealed that the national unemployment rate was 5.5 percent, compared to 6.6 percent in March. It's a bigger improvement, but the national average still hasn't caught up with Hawaii's low unemployment. The labor force grew by 675,750, compared to 665,450 in the same month last year, which is an increase of 1.5 percent.

The report also provided data on unemployment rates without the seasonal adjustment. For Hawaii, that was 3.9 percent, compared to 4.5 percent in March of 2014. Nationally, that figure was 5.6 percent, compared to 6.8 percent.

The individual islands included their own data, but none were seasonally adjusted. This is where we get to compare the performance of the various islands. There was a difference between the unemployment rates of Maui County and the island of Maui alone. This is because Maui County includes Lanai and Molokai. Maui's unemployment was 4.1 percent, down from 4.7 percent. Lanai was at 3.8 percent, up from 2.8 percent. Molokai was at 7.7 percent, down from 8.7 percent. Collectively, that put Maui County at 4.2 percent, down from 4.8 percent. Meanwhile, Kauai unemployment was at 4.5 percent, down from 5.1 percent, while the Big Island was at 4.9 percent, down from 5.7 percent.

If you're unsure of which island you want to settle on, and you're considering purchasing Hawaii real estate, perhaps this will motivate you to choose Maui. While Lanai's unemployment is low, it also has a tiny population. Among the other islands, Maui performed second only to Oahu, with the report revealing a 3.6 percent unemployment rate in Honolulu, compared to 4.1 percent in March of last year.

If you need any assistance with your Maui real estate search, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for May 2015

Hawaii Seniors 4th Healthiest in the Nation

Posted on May 29, 2015
Hawaii Seniors 4th Healthiest in the Nation

A recent report from the United Health Foundation has revealed that Hawaii's seniors are among the healthiest in the nation. While it's true that some of that is attributed to ethnic trends, there are other factors. If you're thinking of buying South Maui real… Continue Reading

Maui 5th Annual Huliau Youth Environmental Film Festival

Posted on May 22, 2015
Maui 5th Annual Huliau Youth Environmental Film Festival

It's that exciting time of year again for Maui's students as they graduate from high school and begin the next step in the journey of their lives. Some of these talented keiki are part of an extra special event that takes place this… Continue Reading

Hawaii Legislature Passed 100 Percent Renewable Energy Bill

Posted on May 15, 2015
Hawaii Legislature Passed 100 Percent Renewable Energy Bill

A few weeks ago, we blogged about Hawaii's potential to reach 100% renewable energy. Since then, the state has moved closer to that eventuality with House Bill 623. If the goal is established, analysts predict that ours will be the first in the… Continue Reading

South Maui Scholarship Benefit

Posted on May 08, 2015
South Maui Scholarship Benefit

For those of us who are lucky enough to own luxury Maui real estate, it's important to give back to the community that makes our island paradise such an amazing place to live. Supporting the future generation of Maui leaders doesn't only benefit them, but us as… Continue Reading

Declining Hawaii Unemployment

Posted on May 01, 2015
Declining Hawaii Unemployment

Hawaii's unemployment rate fell from 4.6 percent to 4.1 percent in March, compared to the same month last year. This information comes from a recent report released by the state Department of Labor and Industrial Relations. It's good news for anyone who is interested in the health of… 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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