The state Dept. of Labor & Industrial Relations stated yesterday that the jobless numbers have gone down on all of the Hawaiian islands as of last month. Obviously, this is a great news for the beleagured economy in the midst of the recession. On the whole, the numbers were 6.1 percent on the primary island of Oahu, about 9.8 percent on the beautiful garden island of Kauai and about 8.9 percent on Maui.
The worst hit of all the island is still the big island, with a 10.4 percent jobless rate. All in all, several different parts of the economy: the trade, transportation and utilities sectors, added on some five hundred or so positions, all the while the business services added about another four hundred positions. Not bad at all considering the global recession that
we are currently in. On a negative note, however, the tourism sector lost about three hundred salaried positions over the same period of time. Meanwhile in Kauai real estate news, switching gears a little bit here, The average cost for a Condo on the lovely island of Kauai went up a bit the previous month while the total number of sales has remained right around the same. All the while, one-family unit sales plus prices dropped.
This has been a strange time for real estate on the island: while the overall amount of condo sales stayed about the same, the average cost has risen to a little more than a half million dollars, which is up by about twenty percent or so from $435,000 the previous year, according to
data compiled by the fine folks over at the Hawaii Information Service which is relied upon by so many real estate professionals there.
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