Maui Business

Maui Unemployment Rate 2.5% in May

June 21, 2019, 10:37 AM HST
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Unemployment, May 2019.

The unemployment rate for the island of Maui was 2.5% in May, according to the Hawaiʻi Department of Labor and Industrial Relations. While the islandʻs unemployment rate for May decreased slightly from 2.8% the month before, the rate increased from 2.1% a year ago.

The unemployment rate for Maui County in May was 2.5%, compared to 2.8% the month before, and 2.2% from May of last year. According to the department, the seasonally adjusted unemployment rate for the entire state in May was also 2.8%, which was unchanged from the month before, and higher than the 2.3% reported in May of last year.

Statewide, 18,900 residents were unemployed in May. Nationally, the seasonally adjusted unemployment rate was 3.86% in May, the same as in April of 2019.

Initial claims increased by about 1.1%, while weeks claims decreased by -1.6% percent for unemployment benefits compared to one year ago. Over the month, initial claims grew by 2.8%, while weeks claims grew by about 1.9% in May 2019.

These unemployment rate figures are seasonally adjusted in accordance with the US Bureau of Labor Statistics methodology. The not seasonally adjusted rate for the state was 2.6% in May, compared to 2.8% in April.

In another measure of employment, the DLIR reports that total nonagricultural jobs declined by 1,200 over-the-month.

Within the major industries, job gains occurred in:

    • Education & Health Services (+400),
    • Professional & Business Services (+200), and
    • Other Services (+200).
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Job losses were experienced in:

  • Information (-100),
  • Manufacturing (-200),
  • Construction (-400),
  • Leisure & Hospitality (-500), and
  • Trade, Transportation, & Utilities (-600).
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Meantime, Employment in Financial Activities remained stable.  Government decreased by 200 jobs. And, in comparison with May 2018, total non-farm jobs have expanded by 2,200, or 0.3%.

 

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