DLIR: Hawai`i Unemployment Rate Drops to New Low

The Hawai`i State Department of Labor & Industrial Relations on Thursday announced that the seasonally adjusted unemployment rate for April was 2.0 percent, compared to 2.1 percent for October 2017 through March 2018. Statewide, 671,700 were employed and 14,000 unemployed in April for a total seasonally adjusted labor force of 685,700. Nationally, the seasonally adjusted unemployment rate was 3.9 percent in April, compared to 4.1 percent for October 2017 through March 2018.

“The 2.0 percent unemployment rate is the new historical lowest unemployment rate on record dating back to 1976, under current methodology” said Leonard Hoshijo, DLIR Director.

Initial claims increased by 36 or 2.8 percent and weeks claims decreased by 676 or -8.7 percent respectively for unemployment benefits compared to one year ago.  Over-the-month initial claims grew by 16.3 percent while weeks claims dropped by -2.4 percent respectively in April 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 April, compared to the revised rate of 2.0 percent in March.

In a separate measure of employment, total nonagricultural jobs declined by 200 in April over March. Within the major sectors, there were job gains in Professional & Business Services (+300), Financial Activities (+200), Education & Health Services (+100) and Other Services (+100).  Employment in Leisure & Hospitality, Manufacturing, and Information sectors remained stable. Job losses occurred in Construction (-300) and in Trade, Transportation, & Utilities (-300). Government employment decreased by 300 jobs. Compared with April 2017, total nonfarm jobs have increased by 8,600, or 1.3 percent.