UHERO: Government Millstone is a Drag on Economy
From UHERO State Economic Forecast May 11, 2012:
The first part of 2012 is looking a lot like 2011. The visitor industry continues to be the center of strength, and gains outside tourism-related sectors remain harder to come by. The drag from construction and government will end this year, setting the stage for broader growth.
“Recovery progress has been predictably uneven, both from quarter to quarter and across sectors. Tourism continues to be the primary engine of that recovery, and this will continue to be a source of growth, supported by the recent resurgence of non-traditional markets. As the two millstones around Hawaii’s neck — construction and government — lighten this year, employment gains will strengthen and touch more sectors of the local economy.”