Hawaii unemployment rate sinks to record low of 2.2%
Hawaii’s unemployment rate is now at a record low.
The seasonally adjusted number plunged three-tenths of a point to 2.2 percent in October, according to data released today by the state Department of Labor and Industrial Relations.
That easily surpassed the previous low of 2.4 percent achieved from October through December 2006 and from May through September 1989.
“The 2.2 percent unemployment rate is the lowest unemployment rate on record dating back to 1976, under current methodology,” DLIR Director Linda Chu Takayama said in a statement.
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