The Hawaii State Department of Labor and Industrial Relations announced Thursday that the seasonally adjusted unemployment rate for July declined to 4.5 percent, from 4.6 percent in June.
The last time the unemployment rate was 4.5 percent or less was in August 2008. Statewide, there were 614,900 employed and 28,900 unemployed in July, for a total seasonally adjusted labor force of 643,800. Nationally, the seasonally adjusted unemployment rate was 7.4 percent in July, down from 7.6 percent in June.
Initial claims and weeks claims decreased by 60 or -3.3 percent and by 1,574 or -11.6 percent consecutively for unemployment benefits compared to one year ago. Over-the-month initial claims dropped by 3.7 percent while weeks claims increased by 0.7 percent in July 2013.
The unemployment rate figures for the State of Hawaii and the U.S. in this release are seasonally adjusted, in accordance with the U.S. Bureau of Labor Statistics methodology. The not seasonally adjusted rate for the State decreased to 4.7 percent in July from 5.2 percent in June.