Hawaii’s unemployment rate is 7.7% compared to 5.9% nationwide – Honolulu, Hawaii – Honolulu, Hawaii
Honolulu (KHON2) – Hawaii‘s unemployment rate was 7.7% in June, up from 8% last month.
In June, 596,500 Hawaiians were employed and 49,750 were unemployed across the state. At the national level, seasonally adjusted unemployment rates ranged from 5.8% in May to 5.9% in June.
Occupations such as leisure and hospitality, construction, information, commerce, transportation and utilities increased employment while manufacturing, finance, professional and business services, education and health services decreased.
The Department of Business Economic Development and Tourism (DBEDT) takes into account seasonal variations in employment and unemployment, including employment and layoffs related to recurring events such as winter, when looking at overall metrics. I am. It says that it reflects the pattern. Holiday season and summer vacation time.
“These fluctuations make it difficult to determine whether the monthly changes in employment and unemployment are due to normal seasonal patterns or changes in economic conditions,” says DBEDT.
To counter this, the US Bureau of Labor Statistics uses a technique called seasonal adjustment to find out how accurate the unemployment rate really is.
The seasonally adjusted factor takes into account the history of personnel data and job count data, and creates and applies estimates to eliminate the effects of regular seasonal fluctuations on the data.
Overall, jobs in Hawaii have increased 41,900 since about the same time last year.
Hawaii’s unemployment rate is 7.7% compared to 5.9% nationally. Hawaii’s unemployment rate is 7.7% compared to 5.9% nationally.