POSTED: 3:10 p.m. HST, May 30, 2012
Honolulu’s unemployment rate fell to a one-year low of 5.3 percent April, but the city still lost ground in a ranking of metropolitan areas with the nation’s lowest jobless rates, according to a report released today.
Honolulu’s April rate was down from 5.7 percent in March, and was the lowest since it was 5.1 percent in April 2011, according to a report from the U.S. Bureau of Labor Statistics. However, other cities experienced even stronger job market gains during the month. Honolulu dropped into a tie for the 46th lowest unemployment rate in April from 16th lowest in March.
The number of unemployed in Honolulu fell to 24,300 in April from 26,400 in March. The total labor force, which includes both employed and unemployed, fell to 458,200 in April from 462,900 in March.
Metropolitan unemployment rates are not adjusted for seasonal changes, such as temporary hiring in the retail sector for the holiday shopping season.