Job market bounces, but lower than 2007

It will take a year for isle employment to recover from the recession, experts say

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Jan 21, 2013

~~<p>Even with news last week that Hawaii's unemployment rate dropped to 5.2 percent in December, its lowest since October 2008, the state is still a year or more away from regaining all the jobs lost during the recent recession.</p>
<p>The labor market is typically one of the last pieces of an economic recovery to fall into place, and this time job growth has been even slower than during previous expansions both in Hawaii and at the national level.</p>
~~

Even with news last week that Hawaii's unemployment rate dropped to 5.2 percent in December, its lowest since October 2008, the state is still a year or more away from regaining all the jobs lost during the recent recession.

The labor market is typically one of the last pieces of an economic recovery to fall into place, and this time job growth has been even slower than during previous expansions both in Hawaii and at the national level. Login for more...