Updated
Updated · KWXX · Jun 23Hawai‘i May Unemployment Rate Rises to 2.5% as U.S. Holds at 4.3%
3 articles · Updated · KWXX · Jun 23Summary
- Hawai‘i’s seasonally adjusted unemployment rate edged up to 2.5% in May from a revised 2.4% in April, DBEDT said.
- 672,100 people were employed and 17,450 were unemployed, putting the state’s seasonally adjusted labor force at 689,600.
- The not-seasonally adjusted state rate was also 2.5% in May, compared with 2.4% a month earlier.
- 4.3% was the national unemployment rate in May, unchanged from March and April, leaving Hawai‘i well below the U.S. level.
Insights
Hawaiʻi's job numbers are strong, so why do experts predict an economic downturn? Why can't Hawaiʻi's workers afford housing amid a tourism-driven job boom? As Maui's tourism rebounds from disaster, is it deepening the local housing crisis?