Maui County’s unemployment rate drops to 10.4% in May 2021, the state to 7.5%

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The state of Hawaii unemployment rate fell to a seasonally adjusted 8.1% in May 2021, which is much lower than the 21.9% in May 2020 (second month of the pandemic shutdown) but higher than the 2.5% map in May 2019 : DLIR

Maui County’s unemployment rate (not seasonally adjusted) fell to 10.4% in May 2021, down 0.8% from the previous month.

Unemployment distribution in Maui County: Maui Island (10.6%), Molokaʻi (7.3%) and Lanaʻi (4.6%).

The state of Hawaii had a seasonally adjusted unemployment rate of 8.1% in May, compared with 8.5% in April. Nationwide, 595,300 people were employed and 52,150 people were unemployed in May, which corresponds to a seasonally adjusted total labor force of 647,450.

The state unemployment rate is significantly lower than the 21.9% it reached in May 2020 when the COVID-19 pandemic brought the Hawaiian tourism industry to a standstill. But the state unemployment rate is still much higher than the 2.5% it was in May 2019.

At the national level, the seasonally adjusted unemployment rate was 5.8 percent in May, compared with 6.1 percent in April.

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Unemployment rates for the state of Hawaii and the United States are seasonally adjusted using the methodology developed by the US Bureau of Labor Statistics. The non-seasonally adjusted rate for the state was 7.5% in May, compared to the revised rate of 8% in April.

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Initial claims for unemployment benefit for May were 2,639, a decrease of 1,209 from the previous month (or 31.4%). The total number of continued weeks related to ongoing government benefits for the month of May was 17,299, a decrease of 520 (or 2.9%) from the previous month. Compared to the previous year, initial applications fell by 8,440 to 2,639 or 76.2% and the claim weeks from a record value of 102,500 or 85.6%.

On another employment measure, the total number of non-agricultural jobs increased by 4,000 from April to May. Jobs increased in the areas of leisure and hospitality (+2,800), professional and business services (+1,100), other services (+700), education and health services (+200) and manufacturing (+100).

For the second month in a row, expansion in the leisure and hospitality industry was robust in terms of accommodation as well as restaurants and bars. In the Professional & Business Services division, the number of job increases was strongest in the Administrative & Support & Waste Management & Remediation Services subsector. Employment in the information sector remained unchanged.

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Job losses were recorded in finance (-100), construction (-200) and commerce, transportation and utilities (-600). The decline in commerce, transportation and supply was concentrated in retail. Employment in the state remained stable.

Over the course of the year (May 2020 was the second month with pandemic effects), jobs outside of agriculture rose by 55,400 or 10.9%. However, compared to March 2020 (last month before the pandemic effects), non-farm jobs fell by 90,600, or 13.8%.

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