Maui June unemployment rate rises to 4.5%
The non-seasonally adjusted unemployment rate for Maui Island was 4.5% in June 2024, compared to 3.6% the previous month, and 3.0% at the same time in 2023. The data was included in a new report released from the Hawaiʻi Department of Business, Economic Development and Tourism.
The island of Molokaʻi has an unemployment rate of 5.2%, compared to 3.7% the month before, and 7.2% at the same time last year. The island of Lānaʻi had an unemployment rate of 2.1% in June, up from the previous month’s rate of 0.8%, and unchanged from May 2023.
Combined, the three islands that make up Maui County had an unemployment rate of 4.5%, up from the 3.6% rate in May, and the 3.0% rate at the same time in 2023.
Hawaiʻi’s seasonally adjusted unemployment rate for June was 2.9%, compared to 3% in May. In June, 650,600 persons were employed and 19,400 were unemployed, for a total seasonally adjusted labor force of 670,000 statewide. Nationally, the seasonally adjusted unemployment rate was 4.1% in June, up from 4% in May.
The unemployment rate figures for the state of Hawai‘i and the US in this release are seasonally adjusted in accordance with US Bureau of Labor Statistics methodology. The not-seasonally adjusted rate for the state was 3.3% in June, compared to the revised rate of 2.3% in May.
In a separate measure of employment, total nonagricultural jobs decreased by 800 month-over-month, from May 2024 to June 2024.
Job gains were experienced in Construction (+400); Manufacturing (+100); Professional & Business Services (+100); and Private Education & Health Services (+100). Employment remained stable in Financial Activities. Job losses occurred in Trade, Transportation & Utilities (-100); Information (-100); Leisure & Hospitality (-400); and Other Services (-500).
Government employment went down by 400 jobs. Year-over-year (June 2023 was the 39th month of pandemic effects), nonfarm jobs have gone up by 2,000, or 0.3%; however, in comparison with March 2020 (the last month prior to pandemic effects), nonfarm jobs were down by 19,500, or -3%.
Sponsored Content
