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Hawaii Unemployment Lowest in 10 Years

Hawaii unemployment has fallen to just 2.7 percent, for the first time since June 2007.
April 28, 2017

Hawaii Unemployment Lowest in 10 Years

Hawaii's unemployment rate has reached its lowest point in 10 years, as of March 2017, according to a report from the Hawaii State Department of Labor & Industrial Relations. For many of those who contemplate a move to Maui, whether singly or with family, the state of the economy can be the deciding factor. This report says a great deal about the job market.

Unemployment has been on a downward trend for a long time, and the interesting question is how much lower it will go. The seasonally adjusted unemployment rate for March was 2.7 percent, which was down another 0.1 percent from February. This might not seem like a leap, and it's not, but the most significant progress is the steady, incremental kind. As you might learn from the Maui real estate market, sudden changes, whether upward or downward, aren't really that significant in a small market.

The report highlights the fact that Hawaii's unemployment hasn't been at 2.7 percent since back in June of 2007. This currently translates to about 677,700 people employed in Hawaii with only 19,100 unemployed. That made the seasonally adjusted labor force 696,800 in March. 

Looking at the more recent developments of this trend, unemployment was down by 0.4 percent in March, compared to the same month last year, when its seasonally adjusted rate was 3.1 percent. When you look at the numbers year-over-year, you can get a clearer picture of the kind of progress that's being made.

Another piece of the puzzle that makes this trend worth paying attention to is the fact that Hawaii's population isn't decreasing, but increasing. For example, between 2000 and 2010, Hawaii's population increased by 12.3%, according to the U.S. Census Bureau.

If you're concerned about job prospects in Hawaii, keep in mind that the seasonally adjusted employment rate for the nation as a whole was 4.5 percent in March, compared to 4.7 the month before. So, the rest of the nation is seeing improvements, but Hawaii is ahead of the curve. With that in mind, if you're interested in finding the right Maui real estate investment, you'll find our contact information at the bottom of the page. We would be happy to assist you. Mahalo!

Blogs for April 2017

Hawaii Unemployment Lowest in 10 Years

Posted on April 28, 2017
Hawaii Unemployment Lowest in 10 Years

Hawaii's unemployment rate has reached its lowest point in 10 years, as of March 2017, according to a report from the Hawaii State Department of Labor & Industrial Relations. For many of those who contemplate a move to Maui, whether singly or with family, the… Continue Reading

Makena Beach and Golf Resort Redeveloping to Residences

Posted on April 21, 2017
Makena Beach and Golf Resort Redeveloping to Residences


Plans for the Makena Resort in South Maui seemed to be up in the air after the investors foreclosed on the property in 2009. The current owner, ATC Makena Holdings, LLC announced its plans for redevelopment about three years ago,… Continue Reading

Hawaii Average Life Expectancy is Higher Than US Mainland

Posted on April 14, 2017

Having trouble deciding what state you want to live in permanently? Some Maui real estate buyers are in the market for a second home, which they use seasonally, others purchase strictly for investment purposes, but some never want to leave. These are the ones that put down roots, buy… Continue Reading

The Five Best Beaches in South Maui

Posted on April 07, 2017
The Five Best Beaches in South Maui


If you're going to choose South Maui real estate, why not take advantage of the soothing, healthy lifestyle that's available in this amazing part of the island? Maui has around 30 miles of beach, which is more than any of the… 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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