HONOLULU (AP) – Are there downsides to a low unemployment rate? In Hawaii, which has the United States’ lowest jobless rate at a minuscule 2.1 percent, the answer is yes.
Employers are frustrated by their inability to find workers. And unfilled jobs may be slowing the state’s economic growth.
A low unemployment rate is certainly better than a high one. And many employers are responding to the worker shortage by offering higher pay.