HAWAII’S UNEMPLOYMENT RATE AT 4.1 PERCENT IN AUGUST

News Release from DBEDT, Sep 15, 2022

HONOLULU — The Hawai‘i State Department of Business, Economic Development & Tourism (DBEDT) today announced that the seasonally adjusted unemployment rate for August was 4.1 percent, compared to the revised rate of 4.0 percent in July.

Statewide, 651,550 were employed and 27,650 unemployed in August for a total seasonally adjusted labor force of 679,250. Nationally, the seasonally adjusted unemployment rate was 3.7 percent in August up from 3.5 percent in July.

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 3.6 percent in August, compared to the revised rate of 3.7 percent in July.

Industry Payroll Employment (Establishment Survey)

In a separate measure of employment, total nonagricultural jobs decreased by 600 in August over July. Job gains were experienced in Other Services (+500); Construction (+300); Trade, Transportation, & Utilities (+300); and Manufacturing (+100). Job losses occurred in Information (-100); Financial Activities (-100); Professional & Business Services (-100); Education and Health Services (-100); and Leisure & Hospitality (-200). Government employment contracted by 1,200 jobs, mostly because of a larger July-August seasonal drop at the Department of Education. Over-the-year (August 2021 was the 17th month of pandemic effects), nonfarm jobs have gone up by 13,000, or 2.2 percent. However, in comparison with March 2020 (last month prior to pandemic effects), nonfarm jobs were down by 44,800, or -6.8 percent….

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