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Luxury Maui Real Estate Blog

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Hawaii Unemployment Reaches Record Low of 2 Percent

If you're thinking about living and working in Hawaii, you might find the latest report from the DLIR encouraging.
December 29, 2017


Hawaii Unemployment Reaches Record Low of 2 Percent

If you're browsing Maui homes for sale as you contemplate a move to the island, you've probably put some thought into what you'll do for income. Although there are factors that make the cost of living in Hawaii higher than some other states, many residents and prospective residents have been glad to hear that Hawaii's unemployment rate has fallen to an all-time low.

According to the latest report from the state Department of Labor & Industrial Relations, Hawaii's unemployment fell to just 2 percent in November, which is 0.2 percentage points down from the month before. That's a new record based on a methodology for calculating unemployment that dates back to 1976.

If we compare November's data with the same month in 2016, it's a 0.9 percent drop in unemployment. These may seem like small increments, but they translate to thousands of jobs, which makes all the difference for residents and their families. Speaking of which, there were 670,300 people employed and 14,000 unemployed throughout the state in November. The seasonally adjusted labor force was 684,350.

Hawaii's 2 percent unemployment rate is a contrast to the nation's rate of 4.1 percent, which was the same as it was in October. This could easily factor into the choices made by those who are thinking about buying real estate in Hawaii, especially if they have experience in one of the industries that thrives here in the islands.

Whatever your plans and considerations may be, we're happy to assist you with your Maui real estate search or purchase if you need our expertise. You'll find our contact information at the bottom of the page if you need us. Mahalo, and we wish you an incredible new year!

Blogs for December 2017

Hawaii Unemployment Reaches Record Low of 2 Percent

Posted on December 29, 2017


Hawaii Unemployment Reaches Record Low of 2 Percent

If you're browsing Maui homes for sale as you contemplate a move to the island, you've probably put some thought into what you'll do for income. Although there are factors that make the cost of living in Hawaii higher than… Continue Reading

Maui Home and Condo Prices Up in November

Posted on December 22, 2017
Home & Condo Prices on Maui Soar in November

If you're investigating the Maui real estate market for potentially lucrative investments, the monthly report from the Realtors Association of Maui (RAM) is a great place to start. The year is almost out, and that means the data on 2017 is almost… Continue Reading

Renowned Hawaiian Singer Amy Hanaialii Performing at Ritz Carlton Kapalua

Posted on December 15, 2017

Renowned Hawaiian Singer Amy Hanaiali`i Performing at Ritz-Carlton Kapalua

While the holiday season can be the happiest time of the year, it can also be the busiest! There are people to see, places to go, and presents to buy. Why not take some time to treat yourself and enjoy an… Continue Reading

U-Haul Opening Full Service Moving and Self Storage Facility on Maui

Posted on December 08, 2017

U-Haul Opening Full Service Moving and Self Storage Facility on Maui

Transitioning from one home to another takes a lot of work, energy and planning, even when you live on an island Maui's size. If you've found your way to this blog, you're most likely in the process of… Continue Reading

Stable Economic Growth Predicted for Hawaii

Posted on December 01, 2017
Stable Economic Growth Predicted for Hawaii

The health of the economy is a vital factor in making investment decisions, whether you're thinking about buying Hawaii real estate or anything else. Not all states are economically equal, and making the right choice can pave the way for satisfaction and prosperity, or disappointment… Continue Reading

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Sakamoto Properties
P.O. Box 10068
Lahaina, HI 96761
Contact:
Phone: (808) 669-0070
Fax: (808) 669-1234
Info@SakamotoProperties.com
Office Address:
Sakamoto Properties
Napili Plaza
5095 Napilihau Street #203
Lahaina, Maui, HI 96761
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