Maui County’s unemployment rate was 5% in January 2022, up from 5.3% last month and 10.7% a year ago, according to non-seasonally adjusted data from the Hawaii State Department of Economy, Economic Development and Tourism.
Maui County’s unemployment rate is higher than the national unemployment rate of 4%, which is 4.4% seasonally adjusted, and higher than the US unemployment rate of 4.4%. Seasonally adjusted reflects the hiring and firing patterns that coincide with regular events such as the winter holiday season and the summer holiday season.
The unemployment rate on Lānaʻi is 7.3%, on Moloka’i 5.3% and on Maui Island 4.9%.
Honolulu County has the lowest unemployment rate in the state at 3.8%, Big Island at 3.9% and Kaua’i at 5.2%.
Hawaii faced a seasonally adjusted unemployment rate of 22.4% in April 2020 as the state’s economy stalled due to shutdowns due to the COVID-19 pandemic. Since then, the unemployment rate has steadily improved, although it rose 0.1% in January.
Nationwide, 644,150 people were employed and 29,500 people were unemployed in January 2022, for a seasonally adjusted total of 673,700 workers. About 41,700 more people are now employed in Hawaii than a year ago.
In January 2022 compared to December 2021, the total number of non-agricultural jobs increased by 500.
There were job gains in education and healthcare (+700); professional and business services (+400); information (+200); and Manufacturing (+100). Employment in the public sector increased by 200 jobs.
Health care and social assistance accounted for most of the increase in education and health services. Employment in other services remained unchanged.
There were job losses in construction (-100); leisure and hospitality (-100); trade, transport and supply (-300); and financial activities (-600).
The decline in financial activity was evenly split between the finance and insurance and real estate and rental and leasing subsectors.
Over the year (January 2021 was the 10th month of the impact of the pandemic), non-farm jobs have increased by 41,700, or 7.5%. However, compared to March 2020 (last month before the impact of the pandemic), non-farm jobs fell by 58,500 or -8.9%.
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