Hawaii's seasonally adjusted unemployment rate rose to 2.8% in September, up from 2.7% in August and 2.2% in January, its sixth increase this year. The number of unemployed rose to 19,450 and the labor force reached 694,900, the highest since June 2018. Former DBEDT chief economist Eugene Tian attributed the rise mainly to labor force growth as more people return to work amid higher inflation, noting the labor force grew 1.1% over the past year while employment rose only 0.4%. Honolulu's inflation rate reached 5.2%, above U.S. inflation of 3.7%, while Kauai's rate jumped to 5.1% from 2.5% after Hurricane Lowell. Tian expects the monthly rate could reach 3.0% by year-end, with annual averages of 2.6% for 2026 and about 2.6% for 2027.
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