POSTED: 12:30 a.m. HST, Dec 02, 0001
LAST UPDATED: 12:35 p.m. HST, Aug 29, 2012
Honolulu's unemployment rate dropped to 5.7 percent in July, putting it in a select group of the nation's metropolitan areas with jobless rates below 6 percent, according to a report released today.
The July unemployment rate fell from 6.3 percent in June and 6.1 percent from July 2011, the U.S. Bureau of Labor Statistics reported. Honolulu's July jobless rate was the 35th lowest out of 372 metropolitan areas surveyed by the BLS.
Honolulu's job market has outperformed the rest of the state in recent years, thanks to a relatively stronger economy. Elsewhere, the July unemployment rate was 6.8 percent in Maui County, 7.8 percent in Kauai County and 9.3 percent in Hawaii County.
County job market data are not adjusted for seasonal variations, such as teachers returning to work after the summer break. Nationally, the non-seasonally adjusted unemployment rate was 8.6 percent in July.