Hawaii unemployment at 4.7%, continues drop
Updated On: Jun 20 2013 12:11:23 PM HST
A steady three-month drop in unemployment has the state of Hawai'i now experiencing an unemployment rate of 4.6%.
This is the lowest unemployment rate seen statewide since September 2008.
From May 2012 to May 2013, the state added 7,200 jobs with significant gains being reported in the Construction and Leisure Hospitality sectors. Local economists believe that a supply and demand imbalance is occurring in that sector, with demand outweighing supply.
Despite a slight uptick in January and February 2013, the unemployment rate for the state has seen a steady drop since August 2011.
Nationally the unemployment rate made a slight 0.1% increase from April to May 2013, leaving it at 7.6%.
The national unemployment percentage has dropped noticeably less than Hawaii's, with the national percentage dropping 0.6% from last year compared with a 1.4% drop in Hawai'i during that same time period.
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