Maui County Unemployment Rises to 3.1% in September
What happened
Maui County's unemployment rate rose to 3.1% in September, up from 2.9% in August, according to figures released by the state Department of Business, Economic Development and Tourism. The seasonally adjusted unemployment rate for the state of Hawaii was 2.8% in September. Within Maui County, Molokaʻi's unemployment rate was 3.5% in September, while Lānaʻi's rate rose to 4.2% that month. The Kahului-Wailuku metropolitan area saw its nonagricultural payroll estimate drop 400 jobs from August to September.
From mauinow.com
Why it matters
The rise in unemployment rates across Maui County and the state of Hawaii indicates increased labor market stress. This shift in local economic conditions could impact tourism revenue and consumer demand for services in the region.
From mauinow.com
Who's involved
- Maui CountyThe administrative body that reported the county unemployment figures.
- MolokaʻiA constituent area of Maui County that reported a 3.5% unemployment rate.
- HawaiiThe state that reported a seasonally adjusted unemployment rate of 2.8%.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Host Hotels & ResortsSpeculative
Host Hotels & Resorts could face reduced consumer demand for tourism services stemming from local economic stress.
- Kaiser PermanenteSpeculative
Kaiser Permanente may see increased demand for healthcare services as community stress rises with rising unemployment.
Keep exploring
The entities involved
-
Maui County
county in Hawaii, United States
-
Molokaʻi
island in Maui and Kalawao counties in Hawaii, United States
Nothing else this week.
-
Kauaʻi
northernmost populated island of the Hawaiian archipelago
Related events
- Maui, Kauai, and Honolulu counties reported significant drops in permits, while East Coast tourism showed domestic bright spots.
- The Office of Hawaiian Affairs (OHA) focuses disaster aid efforts specifically on the island of Kauaʻi.
- The Office of Economic Development assists Kauaʻi recovery efforts, naming Solomon Kanoho as the recovery manager.