Maui Unemployment Rate 3.3% in October

Unemployment rate, October 2016.

Maui County’s 3.3% unemployment rate for October was down slightly from the 3.4% reported a month earlier, and the 3.5% reported at the same time last year.

The new data was released today by the state Department of Labor and Industrial Relations.

Unemployment rates on the island of decreased to 3.1%, but was up on Molokaʻi and Lānaʻi from month before levels.

Lānaʻi’s rate of 4.1% was up from the 4.0% rate recorded a month before, and down from the 6.4% rate recorded at the same time last year.

The Island of Maui in Maui County recorded a 3.1% unemployment rate in October 2016, down from the 3.2% rate recorded in September, and the 3.3% rate reported in October of last year.

Molokaʻi continued to have the state’s highest unemployment rate of 10%–up from the 7.5% rate in September, and the 9.9% rate recorded at the same time last year.

The Department of Labor and Industrial Relations noted that the seasonally adjusted unemployment rate for the state dropped slightly to 3.2% in October, after a 3.3% rate reported in September 2016, and a down from the 3.4% rate reported at the same time in 2015.

The department reports industry employment gains in several areas including the following job expansions: 1,800 jobs in Leisure & Hospitality, 400 jobs in Construction and 400 jobs in Financial Activities.

Job losses were reported in several sectors including: -1,100 jobs in Educational & Health Services, -600 jobs in Professional & Business Services, and -100 jobs in Manufacturing.

According to the new data, there were 670,950 employed and 21,850 unemployed individuals in the state in October, which combines for a total seasonally adjusted labor force of 692,800.

Nationally, the seasonally adjusted unemployment rate was 4.9 percent in October, down from the 5% unemployment rate in September.