Hawaii’s unemployment rate is among the latest to recover: study

HONOLULU (KHON2) — Hawaii ranks last in a new study of states whose unemployment rates are recovering.

According to WalletHub, they compared 50 states and the District of Columbia using five key metrics to find out which states are recovering the most and which states are recovering the least.

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The three states with the biggest rebounds in terms of unemployment are Nebraska, Utah and Oklahoma.

At the other end of the results, the three states at the bottom of the list that are recovering the least are New Jersey, Nevada and Hawaii, last.

According to the US Bureau of Labor Statistics, Hawaii has seen its unemployment rate fall, but not by much.

They report that the unemployment rate for Hawaii was 6.4 in October 2021, then dropped to 6.0 in November 2021 and finally stood at 5.7 in December 2021.

According to them, the unemployment rate for Hawaii before the pandemic was between 2.1 and 2.8. That means Hawaii is taking longer to recover than other states.

According to WalletHub, the economy added 199,000 nonfarm payroll jobs nationwide, compared to 249,000 the previous month.

WalletHub reported in December that there were notable increases in work areas such as leisure and hospitality, professional and business services, transportation and warehousing, construction and manufacturing.

In the US, according to WalletHub, the unemployment rate is 3.9%. This is still higher than before the pandemic, but lower than the historic high of 14.7% in April 2020.

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They said the overall decrease could be attributed to vaccinations and the easing of restrictions by states.

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