Maui Island unemployment at 6.2%, Maui County at 5.9% in January 2024
The non-seasonally adjusted unemployment rate for Maui Island was 6.2% in January 2024, compared to 5.8% the previous month, and 3% at the same time in 2023. The data was included in a new report released today from the Hawaiʻi Department of Business, Economic Development and Tourism.
The island of Molokaʻi had an unemployment rate of 1.4%, compared to 1.2% the month before, and 3.5% at the same time last year. The island of Lānaʻi continued to have the lowest unemployment rate in the state at 0.9% in January, the same as the month before, and down from the 2% rate in January 2023.
Combined, the three islands that make up Maui County had an unemployment rate of 5.9%, up from the 5.6% rate in December, and the 3% rate in January 2023.
The seasonally adjusted unemployment rate for Hawaiʻi in January was 3.1%, compared to the revised rate of 3% for the prior four months. In January, 653,900 persons were employed and 20,900 were unemployed, for a total seasonally adjusted labor force of 674,750 statewide. Nationally, the seasonally adjusted unemployment rate was 3.7% in January, the same as in November and December.
The unemployment rate figures for the state of Hawai‘i and the US are seasonally adjusted, in accordance with US Bureau of Labor Statistics methodology. The not-seasonally adjusted rate for the state was also 3.1% in January, compared to 2.9% in December.
In a separate measure of employment, total nonagricultural jobs increased by 2,100 month-over-month, from December 2023 to January 2024. Job gains were experienced in Construction (+900); Professional & Business Services (+700); Leisure & Hospitality (+700); and Private Education & Health Services (+200). Employment remained stable in Trade, Transportation & Utilities; and Other Services. Job losses occurred in Manufacturing (-100); Financial Activities (-100); and Information (-200). Government employment was unchanged.
Year-over-year (January 2023 was the 34th month of pandemic effects), nonfarm jobs have gone up by 5,900, or 0.9%. However, in comparison with March 2020 (the last month prior to pandemic effects), nonfarm jobs were down by 21,100, or -3.2%.
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