State of Hawaii Department of Business, Economic Development, and Tourism’s Post

Monthly Labor Report: April Edition 📊 DBEDT released the April labor statistics. Hawai‘i’s unemployment rate remained at 3.1% compared to the national unemployment rate of 3.9%. County statistics were also released. Learn more here: https://bit.ly/3sBI3PK #DataUpdate #DBEDT

Unemployment is dipping 💪 The latest employment-unemployment indicators report released by the National Statistical Office (NSO) on Monday revealed that the country's unemployment rate declined to 3.1% in 2023, reflecting continued improvement in the labour markets. In this report, the labour force indicators for a calendar year were obtained by combining the data from four quarters of the calendar year. This approach is used because the samples of first-stage units surveyed from July of one year to June of the next are drawn independently for each quarter before the survey commences. Therefore, estimates of labour force indicators for a calendar year are derived by combining the data from all four quarters. National Sample Survey Office (NSSO) Narendra Modi

Quarterly Labour Force Survey - Quarter 2, 2024 The official unemployment rate was 33,5% in the second quarter of 2024. According to QLFS results, there was a decrease of 92 000 in the number of employed persons to 16,7 million in Q2:2024, while there was an increase of 158 000 in the number of unemployed to 8,4 million compared to Q1:2024. This resulted in an increase of 66 000 (up by 0,3%) in the labour force in the same period. Click below for more information on the results of the latest Quarterly Labour Force Survey: https://lnkd.in/d-N3bRUm

With a stable labor force participation rate and essentially stable number of people employed as noted in the Bureau of Labor Statistics (BLS) household survey, the unemployment rate was 3.7% for the third month in a row. Moreover, January marks two full years in which the unemployment rate was under 4%. The average duration of the unemployed moved down last month. These are all signs of a good labor market.

📰 Monthly Labour Force Survey I January 2024 The Labour Force Survey Results reflect the labour market conditions from January 14-20. The Windsor CMA's unemployment rate decreased 0.7% to 7.2%, which was good to see, however it is still 1% higher than the provincial unemployment rate. • The Labour Force increased by 700, from 200,100 in December to 200,800 in January. • The employment rate increased 0.4% to 57.9%. • The unemployment rate decreased 0.7% to 7.2%. • The region's population increased by 1,100. View Interactive Report: https://lnkd.in/e8W49et

📰 Labour Force Survey The Labour Force Survey Results reflect the labour market conditions from December 3-9. In December, the Windsor CMA’s unemployment rate increased another 0.5% to 8.1%, however, this is close to what it was at the same time last year (7.9%). December 2023 • The Labour Force increased by 700, from 199,300 in November to 200,000 in December. • The employment rate decreased 0.2% to 57.4%. • The unemployment rate increased 0.5% to 8.1%. • The region’s population increased by 1,000. View the interactive Monthly Labour Force Survey dashboard https://lnkd.in/e8W49et

📰 Labour Force Survey Results The Labour Force Survey Results reflect the labour market conditions from February 11-17. The Windsor CMA’s unemployment rate increased 0.2% to 7.4%, 1.1% higher than the provincial unemployment rate of 6.5%. FEBRUARY 2024 • The Labour Force decreased by 2,200, from 200,800 in January to 198,600 in February. • The employment rate decreased 0.9% to 57.0%. • The unemployment rate increased 0.2% to 7.4%. • The region's population increased by 1,200. View the interactive report. https://lnkd.in/e8W49et

According to the U.S. Bureau of Labor Statistics, the unemployment rate went up 0.1% while the number of jobs added decreased significantly in the month of April. The labor force participation rate remained consistent at 62.7%. What do you think May will look like? #april2024laborstatistics #unemploymentrate #monthlyjobsadded #laborforceparticipationrate #staffing

Labour market estimates from the Labour Force Survey (LFS) Fall 2023 Report show the unemployment rate (the proportion of unemployed persons to the total labour force) at 3.3%. The total labour force increased by 5.1% to reach 60,513 persons. The employed labour force was estimated at 58,504 persons, an increase of 3.8% compared to October 2022. The number of unemployed persons was estimated at 2,008. For more information, check out https://lnkd.in/eDPRaEHE #cicoc #caymanislands #caymanchamber

As of June 2024, the unemployment rate in the United States is 4.0% (Bureau of Labor Statistics) (YCharts). This is a slight increase from 3.9% in May 2024, and up from 3.7% a year ago in May 2023 (YCharts). The data indicates a modest uptick in unemployment over the past few months but remains relatively low compared to historical averages. For more detailed information, you can refer to the Bureau of Labor Statistics here (Bureau of Labor Statistics).