Hawai`i Unemployment Rate Remains at 2.1%

The Hawai`i State Department of Labor & Industrial Relations on Thursday announced that the seasonally adjusted unemployment rate for March was 2.1 percent, the same for the sixth consecutive month. Statewide, 670,500 were employed and 14,050 unemployed in March for a total seasonally adjusted labor force of 684,550. Nationally, the seasonally adjusted unemployment rate was 4.1 percent in March, also the same as in October 2017 through February.

Both initial claims and weeks claims decreased by 56 or -4.6 percent and by 652 or -8.2 percent respectively for unemployment benefits compared to one year ago.  Over-the-month both initial claims and weeks claims also decreased by -8.6 percent and -7.0 percent respectively in March 2018.

The unemployment rate figures for the State of Hawaii and the U.S. in this release are seasonally adjusted, in accordance with the U.S. Bureau of Labor Statistics (BLS) methodology. The not seasonally adjusted rate for the State was 1.9 percent in March, compared to the revised rate of 1.9 percent in February.

In another measure of employment, there was an increase of 200 jobs over-the-month. Among the major industries, job gains occurred in Leisure & Hospitality (+600), Trade, Transportation, & Utilities (+500), Financial Activities (+400), and Education & Health Services (+100). Employment in both the Professional & Business Services and Information sectors remained unchanged. Job losses were experienced in Manufacturing (-100), Other Services (-100), and Construction (-700). Government employment dropped by 500 jobs, with most of the decline in the Department of Education. In comparison with one year ago, total nonfarm jobs have expanded by 8,200, or 1.3 percent.