Hawaii State Treasury and Economic Update
Labor Market
The State's labor market has improved in recent months
Hawaii Employment Base - 1st Quarter 2020(1)
STATE
Information
1%.
Agriculture
1%
Other Services
4%
Private
Education
2%
Trade,
Transportation
& Utilities
17%
■The State's unemployment rate was 13.9% in June
(seasonally adjusted)
■ According to a Hawaii Commercial Rent Survey on July
8th, 84% of businesses are now open (2)
Federal (including military), state and local government
are stable components of the economy
■ Private health care as well as professional and business
services have grown in recent years
■ The construction industry remains strong with large
public and private sector capital projects ongoing
■ Supplemental unemployment insurance and other
federal dollars from the CARES Act have helped bolster
the economy
Manufacturing_
Financial
Activities
4%
2%
Natural Resources,
Mining, Construction
5%
Local
Government.
3%
State
Government.
10%
4
(1) Source: State of Hawaii, Department of Labor and Industrial Relations, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics.
Leisure &
Hospitality
18%
Health Care &
Social
Assistance
10%
Federal
(Civilian)
5%
8%
Federal
(Military)
Professional &
Business
Services
10%
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