Hawaii jobless rate down slightly in January

Published On: Mar 17 2014 10:57:51 AM HST
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HONOLULU -

The Hawaii State Department of Labor & Industrial Relations announced Monday that the seasonally adjusted unemployment rate for January was 4.6 percent, down from the revised rate of 4.7 percent in December.

Statewide, there were 625,650 employed and 30,250 unemployed in January, for a total seasonally adjusted labor force of 655,900.  Nationally, the seasonally adjusted unemployment rate was 6.6 percent in January, down from 6.7 percent in December.

Initial claims increased by 64 or 3.1 percent while weeks claims decreased by 237 or -2.0 percent for unemployment benefits compared to one year ago.  Over-the-month both initial claims and weeks claims grew by 21.6 percent and 4.9 percent respectively from December 2013.

In another measure of employment, total seasonally adjusted nonagricultural jobs declined by 2,100 over-the-month.  In January over December, major industry sector job gains were experienced in Other Services (+900), Leisure & Hospitality (+700), and Educational & Health Services (+200).

Within Other Services, job expansion occurred in a wide variety of sectors. In Leisure & Hospitality, job gains were primarily in Food Services and Drinking Places. Employment in Financial Activities remained unchanged. Job losses took place in Manufacturing (-200), Construction (-500), Professional & Business Services (-800), and Trade, Transportation, & Utilities (-1,800).

Within Professional & Business Services, job contraction was relatively evenly split between Professional, Scientific, and Technical Services, and Administrative & Support & Waste Management & Remediation Services.  In Trade, Transportation, & Utilities, the drop in employment was concentrated in Retail Trade, after the release of seasonal workers following stronger than normal hiring in October and November. Public sector employment went down by 300 jobs, with Local Government accounting for the decline.

Over-the-year, total nonfarm jobs have increased by 12,500, or 2.1 percent.

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