County of Maui unemployment rate at 5% in January
State adjusts December rate as federal bureau revises data
The Maui News
Maui County continued to see improvements in its unemployment rates, going from 10.7 percent in January 2021 to 5 percent in January of this year, according to the state Department of Business, Economic Development and Tourism.
Unemployment on Maui island was at 4.9 percent in January, down from 10.9 percent at the same time last year, while Molokai’s jobless rate hit 5.3 percent, down from 6.4 percent a year ago.
Lanai was the only island in the county to see an uptick, going from 5.4 percent in January 2021 to 7.4 percent in January of this year.
The rates were still among the highest in the state; Kauai led all four counties with a 5.2 percent unemployment rate, followed by Hawaii County at 3.9 percent and Honolulu County at 3.8 percent.
Hawaii’s unemployment rate overall in January was 4 percent, down from 7.9 percent in January 2021, while the U.S. rate was at 4.4 percent, down from 6.8 percent a year ago.
The numbers were not seasonally adjusted, meaning they did not take into account the hiring and layoff patterns that go along with the winter holiday and summer vacation seasons.
Seasonally adjusted rates were the same for Hawaii and the U.S. but were not available for the counties.
Hawaii’s labor force has also grown over the past year, going from 659,100 in January 2021 to 673,700 in January of this year. The number of employed people rose from 604,300 to 644,150, while the number of unemployed people declined from 54,800 to 29,500.
Jobs increased by 700 in education and health services, by 400 in professional and business services, by 200 in information and by 100 in manufacturing. They decreased by 600 in financial activities; by 300 in trade, transportation and utilities; by 100 in construction; and by 100 in leisure and hospitality.
The department also announced that monthly labor statistics including labor force, employment, unemployment and the jobless rate, have been revised from January 2010 to December 2021, while job count by industry has been revised from January 1990 to December 2021 by the U.S. Bureau of Labor Statistics. The revision takes place annually in March to reflect new population estimate and remodel estimation.
Based on the revised data, the seasonally adjusted unemployment rate for Hawaii was 4.3 percent in December; the state had originally reported 5.7 percent.