If you're thinking about buying a Hawaii home while evaluating the job market, you might want to take a peek at June's unemployment statistics, which continue to trend downward. Prospective home buyers usually know which island they like best, but the ability to earn a living with convenience is an important factor. Sometimes you have to weigh out the pros and cons of the islands that you like best in order to make an educated decision. So, here's the breakdown of unemployment in the counties of Hawaii this past June, which was not seasonally adjusted.
Honolulu: 3.6 percent, down from 3.9 percent compared to June of 2015
Hawaii County: 5 percent, down from 5.2 percent
Kauai: 4 percent, down from 4.4 percent
Maui County: 3.9 percent, down from 4.2
Maui Island: 3.6 percent, down from 4 percent
Molokai: 11.5 percent, up from 10.8 percent
Lanai: 7.5 percent, up from 2.5 percent
These statistics can help clarify the job situation in a general way. For example, we can see that Honolulu and Maui had the same level of unemployment in June, at 3.6 percent. This may be surprising to some, but that's why this kind of data helps us adjust our expectations.
As for the entire state, the seasonally adjusted unemployment rate fell from 3.6 percent to 3.3 percent. By comparison, the national unemployment rate fell to 4.9 percent from 5.3 percent in June of 2015. It's good to know that Hawaii's unemployment is below the national average, particularly if you're comparing states that you might want to live in.
This data came from the Hawaii Department of Labor and Industrial Relations, where you can find more information on this subject. We hope you've found it illuminating. If you're looking for helpful information regarding South Maui real estate, you'll find our contact information at the bottom of the page. Mahalo!
If you're thinking about buying a Hawaii home while evaluating the job market, you might want to take a peek at June's unemployment statistics, which continue to trend downward. Prospective home buyers usually know which island they like best, but the ability… Continue Reading
Hawaii regulators recently rejected the $4.3 billion acquisition of Hawaiian Electric Co. by NextEra Energy Inc., and it was a relieving moment for many Maui residents, including Mayor Alan Arakawa who opposed the deal. His primary reasons being that Hawaii money would… Continue Reading
One of the best things about living in South Maui is the number of interesting and celebratory events that take place here throughout the year, as if the exciting spread of shops, restaurants, world-class golf courses and white sand beaches… Continue Reading
South Maui is a wonderful place to live. That is if you like breathtaking ocean views, miles of powdery white sand beaches and a dazzling array of fun shops and restaurants. Let's not forget the world-class golf courses. Those are the big lures,… Continue Reading
Maui County's unemployment rate was down to 3.2% in May, from 3.6% in May of 2015. This points to a slow and steady strengthening of the economy, which should be reassuring to those who are considering a permanent move to Maui. If you want… Continue Reading