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Unemployment jumps to 8.4% on Maui Island in September 2023, primarily due to fires : Maui Now

On Maui Island, unemployment climbed to 8.4% in September 2023, a 3.7% increase from August 2023 and a 4.6% increase from a year ago, according to statistics released by the Hawai‘i State Department of Business, Economic Development and Tourism.

A driving factor for the jump in unemployment are the Maui wildfires of Aug. 8, which destroyed many businesses and jobs in Lahaina — and led to a dramatic island-wide drop in tourism that has led to other job losses.

But elsewhere in Maui County, unemployment dropped in September from the previous month. Lānaʻi’s unemployment fell to 1.2% and Molokaʻi to 1.3%

For the State of Hawaiʻi, seasonally Adjusted Unemployment Rate for September was 2.8%, the same as in July and August. In September, 656,400 persons were employed and 19,200 were unemployed, for a total seasonally adjusted labor force of 675,600 statewide.

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Nationally, the Seasonally Adjusted Unemployment rate was 3.8% in September, the same as in July.

The not-seasonally adjusted rate for the state was 3.3% in September, compared to 3.1% in August.

Seasonally adjusted unemployment rate for State of Hawaiʻi from September 2021 to September 2023. Source: State of Hawaiʻi

In a separate measure of employment, total nonagricultural jobs increased by 200 month-over-month, from August 2023 to September 2023.

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Job gains were experienced in:

  • Private Education & Health Services (+500)
  • Professional & Business Services (+300)
  • Manufacturing (+200)
  • Construction (+100)
  • Financial Activities (+100)

Job losses occurred in:

  • Information (-100)
  • Other Services (-200)
  • Leisure & Hospitality (-800)
  • Trade, Transportation & Utilities (-1,300).

There was notable job losses in the predominant subsectors of Leisure & Hospitality (Accommodation; and Food Services & Drinking Places) and Trade, Transportation & Utilities (Retail Trade; and Transportation & Warehousing) because of the Maui wildfires.

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Government employment went up by 1,400 jobs. The rise in Government was in state government, due to the deployment of the National Guard on Maui and a higher-than-seasonal-average increase of workers in the University of Hawai‘i system.

Year-over-year (September 2022 was the 30th month of pandemic effects), nonfarm jobs have gone up by 6,600, or 1.1%.

However, in comparison with March 2020 (the last month prior to pandemic effects), nonfarm jobs were down by 22,900, or -3.5%.

Source: Maui News

The post Unemployment jumps to 8.4% on Maui Island in September 2023, primarily due to fires : Maui Now appeared first on WMAL News - Video - Blog Contents - Discussion.



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Unemployment jumps to 8.4% on Maui Island in September 2023, primarily due to fires : Maui Now

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