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Hawaii unemployment rate holds at 2.1% in August

CINDY ELLEN RUSSELL / 2016

Razor Concepts retail associates Joseph Coronado, foreground, and Anthony Apilado assist customers at the company’s Pearlridge retail location in 2016.

Hawaii’s unemployment rate remained at 2.1 percent in August for the third straight month amid continued strength in the state’s labor market.

Nonagricultural jobs increased by 2,400, to 666,900, from the previous month and are up by 17,700 over the year-earlier period, according to data released today by the state Department of Labor and Industrial Relations. The leisure and hospitality sector had 129,100 jobs in August, up by 700 from July and ahead by 6,100 from August 2017.

The jobless number, which is the lowest in the nation, hit an all-time Hawaii low of 2 percent in April and May and has barely budged in the past 11 months. The rate dropped by one-tenth of a point to 2.1 percent in October to begin a string of six straight months at that level before dipping to 2 percent and then ticking back up to 2.1 percent where it has remained.

The number of people in the labor force, which includes those who are employed, those who are unemployed but actively seeking work and those who are self-­employed, slipped to 687,300 from 687,750 the previous month. Those employed dropped to 672,700 from 673,350 while those unemployed rose to 14,600 from 14,350.

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