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State unemployment rate falls to 7-year low of 3.4%

Hawaii’s seasonally adjusted unemployment rate dipped in September to a seven-year low of 3.4 percent amid an improving economy. It was the fourth month in a row that the rate has fallen, according to data released today by the state Department of Labor and Industrial Relations. 

The last time the rate was this low was in March 2008 when it also was 3.4 percent. 

Despite the improvement in the jobless rate, total nonagricultural jobs decreased by 8,100 to 634,500 from 642,600 in August. The trade, transportation and utilities category had the biggest drop at 1,600 workers. Construction jobs fell by 600 partly due to inclement weather during the survey week. 

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