Maui Business

Maui County unemployment rate drops to 5% for January 2022

Play
Listen to this Article
2 minutes
Loading Audio... Article will play after ad...
Playing in :00
A
A
A

Chart source: Hawaiʻi State Department of Business, Economic Development & Tourism

Maui County’s unemployment rate for January 2022 was 5%, down from 5.3% last month and 10.7% a year ago, according to data not seasonally adjusted from the Hawai‘i State Department of Business, Economic Development & Tourism.

Maui County’s unemployment rate is higher than the statewide unemployment rate of 4%, which is 4.4% when seasonally adjusted, and higher than the US unemployment rate of 4.4%. Seasonally adjusted reflects hiring and layoff patterns that accompany regular events such as the winter holiday season and the summer vacation season. 

Lānaʻi’s unemployment rate is 7.3%, Moloka’i 5.3% and Maui Island 4.9%.

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

Honolulu County has the lowest unemployment rate in the state at 3.8%, with the Big Island at 3.9% and Kaua’i at 5.2%.

Hawai’i was facing 22.4% seasonally adjusted unemployment in April 2020, when the state’s economy came to a screeching halt due to shutdowns due to the COVID-19 pandemic. Since then, the unemployment rate has been steadily improving, although it ticked up by .1% in January.

Statewide for January 2022, 644,150 people were employed and 29,500 people were unemployed for a total seasonally adjusted labor force of 673,700. About 41,700 more people are employed now than a year ago in Hawai’i.

ARTICLE CONTINUES BELOW AD

In January 2022 vs. December 2021, total nonagricultural jobs increased by 500.

Job gains occurred in education and health services (+700); professional and business services (+400); information (+200); and manufacturing (+100).  Government employment rose by 200 jobs.

Most of the rise in education and health services was in health care and social assistance. Employment remained unchanged in other services.

ARTICLE CONTINUES BELOW AD

Job losses occurred in construction (-100); leisure and hospitality (-100); trade, transportation and utilities (-300); and financial activities (-600). 

Contraction in financial activities was evenly split between finance and insurance, and real estate and rental & leasing subsectors.

Over-the-year (January 2021 was the 10th month of pandemic effects), nonfarm jobs have gone up by 41,700, or 7.5%. However, in comparison with March 2020 (last month prior to pandemic effects), nonfarm jobs were down by 58,500, or -8.9%. 

Sponsored Content

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.
Cancel
×
Make the most of your Maui vacation with these top-rated activities: Maui Top 20: Maui Visitor & Tourism Information

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments