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!