Hawai`i’s Unemployment Rate Remained at 2.1 Percent in July

The Hawai`i State Department of Labor & Industrial Relations on Thursday announced that the seasonally adjusted unemployment rate for July was 2.1 percent, the same as in June. Statewide, 673,350 were employed and 14,350 unemployed in July for a total seasonally adjusted labor force of 687,700. Nationally, the seasonally adjusted unemployment rate was 3.9 percent in July, compared to 4.0 percent in June.

Both initial claims and weeks claims decreased by 51 or -4.2 percent and by 745 or -9.3 percent respectively for unemployment benefits compared to one year ago.  Over-the-month initial claims dropped by 9.6 percent and weeks claims increased by 0.9 percent in July 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 methodology. The not seasonally adjusted rate for the State was 2.2 percent in July, compared to the revised rate of 2.8 percent in June.

In another measure of employment, there was an increase of 1,700 total nonagricultural jobs over-the-month. Among the major industries, there were job gains in Trade, Transportation, & Utilities (+600), Financial Activities (+600), Construction (+300), and Leisure & Hospitality (+300). Within Trade, Transportation, & Utilities, most of the job expansion was spread among several categories of Retail Trade. Gains in Financial Activities were equally split between Finance & Insurance and Real Estate & Rental & Leasing. Employment remained unchanged in Information and Other Services. Job losses occurred in Manufacturing (-100), Professional & Business Services (-100), and in Education & Health Services (-300). Government went up by 400 jobs. In comparison with one year ago, total nonfarm jobs have increased by 12,700, or 1.9 percent.