Economy

...Employment–population ratio, Hawaii 2nd lowest in USA....

...the state’s total employment rate, as well as its unemployment rate, will not return to its pre-pandemic level until 2029....

... donning rose-colored glasses and approaching the budget shortfall as a temporary setback ....

...151,071 valid claims are being paid....

...the Hawaii Legislature should not make a dismal situation worse....

"...The revenue profiles of the state and the city and county are quite different. The state is much more exposed to volatile revenue sources such as general excise tax and transient accommodation tax (TAT)...."

...51% of respondents in households with at least one child report their income has declined since the start of COVID-19....

...A grim financial outlook is on the horizon for the state of Hawaiʻi due to the impact of COVID-19....

...Carl Bonham told lawmakers that we’re going to lose another 30,000 people in just two years. A more pessimistic scenario assumes we are going to lose that 30,000 people in ONE year....

... State Has Issued $803,200,377 in Benefits Since March 1 ....

...threw Gov. Ige’s multiyear budget off target by a total of $26 billion between fiscal years 2020 and 2025....

... Napier has encouraged his readers to think critically about how our state and counties have responded to the public health threat ....

...Bureau of Labor Statistics recently disclosed that it misclassified many workers on temporary layoffs as “absent from work because of other reasons” rather than “unemployed.” Therefore, the real unemployment rate may be around 33 percent higher than reported....

...to provide food assistance to recently unemployed individuals is set to conclude with two remaining food distribution events at Aloha Stadium....

...It was developed by the Governor’s Office along with the Hawai‘i Economic and Community Recovery Navigator in collaboration with many government agencies and business sector partners....

...if our leaders let their coronavirus lockdowns linger, Hawaii can expect a wave of "deaths of despair"....

...If Hawaii extends its 14-day quarantine or imposes testing requirements on visitors, this could lead to “a steeper decline in arrivals in 2020 and would likely delay the recovery”....

...Roadmap to Prosperity: How Hawaii can recover and even excel after the coronavirus lockdown....

...The question is what that reopening will look like, how long it will take, and what the legacy of COVID-19 will be for the Hawaii economy....

...The roughly half of the population who cannot work from home are getting screwed over by those who can....

...Assume visitor industry will start opening in September 2020 and will recover 30 percent of arrivals (from same month in 2019) in September and 45 percent in December 2020....

...proposals regarding how Hawaii can recover and even excel after the state's economically devastating coronavirus lockdown....

...According to the United States Census Bureau Household Pulse Survey, released on May 20....

...only Nevada and Michigan are higher....

...report by the Hawaiʻi COVID-19 Public Health Recovery Task Force on reopening our economy....

...Jobs declined by 121,800 over-the-month....

...Double Nat'l Unemployment at Height of Great Depression....

... like the business closures, curfews, checkpoints and drones ....

...Hawaii has a 5,000 test per day capacity, yet access to testing is restricted and day after day only a few hundred tests are performed....

...Hawaii’s economy has tanked and local tax revenues are plummeting, leaving the state and counties in danger of going bankrupt — starting with the state's public pension and health-benefits systems....

...state policymakers seem to believe that the answer to the worst economic crisis in decades is to borrow and spend — and very likely raise taxes....

...companies indicated difficulty generating sales, and cited customer uncertainty as a primary driver of declining sales volume....

"...Thousands of people in Hawaii are calling upon the governor to 'Let Hawaii Work' again...."

...if Hawaii’s lawmakers wish to save our state economy from its current freefall, they must not be afraid to reduce state spending....

...In just a week, we’ve gathered more than 5,000 signatures from people who are eager to restart the local economy....

...there is no such thing as non-essential business when it comes to generating jobs and taxes for the state....

...Refers to the increase in the number of unemployment insurance initial claims in the week of April 27, 2020 compared to the week of April 29, 2019....

... spending their time while social distancing daydreaming about how to restructure society into a progressive paradise ....

...The unprecedented pause in economic activity has had a profoundly negative impact on Hawaii....

...Hawaii’s economy is suffering enormously because of the coronavirus lockdown, and much of the blame can be traced to the federal Food and Drug Administration and Centers for Disease Control and Prevention....

... measures that must be taken now before "irreparable damage" is done to Hawaii's economy ....

... States with the Biggest Increases in Unemployment Due to Coronavirus ....

...Realtors and car dealers at the top of the list....

...COVID-19’s Uneven Impact on Businesses and Workers: Results from a UHERO-Chamber of Commerce Hawaii Survey....

...another 4,267,395 people filed initial unemployment benefit claims during the week ending April 18, the second week of a decline in the rate of new claims, but still among the highest levels in U.S. history....

...Hawaii -- 3009.22% -- Increase in Unemployment Claims (April vs Start of COVID-19 Crisis)....

...To reopen the economy, start with high dollar-per-human-contact businesses—ie the ones nobody is talking about.  We don’t need to wait a month to do this.... 

...tax revenue declines that could easily top 15-20% will almost certainly require reductions in some public programs....

...WalletHub compared the 50 states across six key metrics. Each metric measures the percentage point increase or decrease in visits to various types of places due to coronavirus....

...The coronavirus pandemic has wreaked havoc on many of America’s “non-essential” industries....