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Friday, October 21, 2022
Hawaii Unemployment Drops to 3.5%
By News Release @ 3:59 AM :: 2088 Views :: Economy, Hawaii Statistics, Labor


News Release from DBEDT, Oct 20, 2022

HONOLULU — The Hawai‘i State Department of Business, Economic Development & Tourism (DBEDT) today announced that the seasonally adjusted unemployment rate for September was 3.5 percent, compared to the revised rate of 4.0 percent in August. Statewide, 653,250 were employed and 23,750 unemployed in September for a total seasonally adjusted labor force of 677,000. Nationally, the seasonally adjusted unemployment rate was 3.5 percent in September down from 3.7 percent in August.

The unemployment rate figures for the State of Hawai‘i and the U.S. in this release are seasonally adjusted, in accordance with the U.S. Bureau of Labor Statistics (BLS) methodology. The not seasonally adjusted rate for the State was 3.4 percent in September, compared to 3.6 percent in August.


In another measure of employment, total nonagricultural jobs increased by 2,700 over-the-month. Job gains occurred in Leisure & Hospitality (+2,700); Education & Health Services (+500); Construction (+400); and Professional & Business Services (+200). Within Leisure & Hospitality, the largest expansion was in Food Services & Drinking Places, distantly followed by Arts, Entertainment, & Recreation. All the rise in the Education & Health Services grouping was in Health Care & Social Assistance. Employment remained unchanged in Manufacturing and Information. Job losses were experienced in Other Services (-200); Financial Activities (-300); and Trade, Transportation, & Utilities (-400). Losses in the Trade, Transportation, & Utilities grouping were evenly split between Wholesale Trade and Retail Trade. Government employment dipped by 200 jobs. Over-the-year (September 2021 was the 18th month of pandemic effects), nonfarm jobs have gone up by 20,800, or 3.5 percent. However, in comparison with March 2020 (last month prior to pandemic effects), nonfarm jobs were down by 40,200, or -6.1 percent.

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