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Hiring Remains a Challenge for Hawaii Employers as Unemployment Rate Continues Decline

Posted Thursday, March 31, 2016 5:12 pm
Are you still struggling to fill positions that have been open for some time?  If the Department of Labor and Industrial Relations recent release of unemployment figures for February of 2016 is any indication, it is likely that those hard-to-fill positions may continue to remain open.
 
Reporting a seasonally adjusted unemployment rate of 3.1 percent in February, the DLIR noted that the last time the unemployment rate was this low was in November of 2007.  It marks a significant decline from the Hawaii seasonally adjusted unemployment rate in February of 2015, which was 4.0 percent.  The rate is also 1.8 percent below the national seasonally adjusted unemployment rate for February of 2016, which was reported at 4.9 percent.  The seasonal adjustment of the unemployment rate is a statistical technique used by the Bureau of Labor Statistics to eliminate the effects of regular seasonal fluctuations in hiring related to summer and winter holidays.
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