Economy

... Hawaii has seen two of it’s top three economic “pillars” collapse over the past two decades ....

"... At the Legislature, committee hearings have begun in earnest and it doesn’t seem at all like we are in an economic crisis ...."

... but not so much with Corona Virus rates ....

... Honolulu ranks 92nd in STEM-friendliness, 97th in Professional Opportunities, and dead last in STEM wages ....

... House speaker calls Ige’s State of the State address ‘risk averse’ ....

... UHERO second quarterly survey of rental property owners and managers ....

... SWOT Analysis and Action Plan Identify Challenges and Opportunities for Economic Growth ....

... Hawaii's economy was in trouble before the coronavirus lockdowns ....

... I don’t know about you, but I’m ready for a fresh start ....

... Hawaii’s population has been declining over the past four years ....

... Magic Money from the Sky: Hawaii Getting $1.7B from New COVID 'Stimulus' ....

... If only it were possible to fill a stocking with economic freedom and leave lots of new jobs under the tree .... 

... steps state officials could take to turn things around ....

... The number of people leaving in fiscal 2020 was almost 5 times what local economic researchers were predicting just weeks ago ....

...more free money from the sky....

... Hawaii ranks 25th ....

... DHHL has extended the postponement of mortgage loan payments for all DHHL direct loans and loans assigned to the Department for an additional three-month period, through March 31, 2021 ....

... Annual Hawaii Forecast With Global Outlook: Mainland COVID-19 surge means a bleak winter, but vaccines promise 2021 growth ....

... Hawaii’s unemployment insurance system is in crisis, with stalled payments, rampant fraud, and massive debt leading to higher taxes ....

... With a population with a strong demographic base, what has happened to the job situation which makes it so high? The answer in a word is “tourism” ....

...“There are three kinds of lies: lies, damned lies, and statistics.”....

"The improvements ... are mainly attributed to the federal government assistance programs and the starting of the pre-travel testing program for trans-Pacific passengers."

...the looming massive increase in the state’s unemployment insurance tax....

...The largest percentage decline in non-farm payroll occurred in Hawaii (-17.3 percent)....

“Just when you thought we’re sort of getting back to some system of normalcy — not the case!”

...32,000 eligible PUA individuals will receive a preloaded, prepaid card containing $500 in the mail beginning November 20....

...Failure to address the legally required increase could discourage employers from hiring back employees after the lockdowns....

... to get right to the heart of what it means to have a healthy economy ....

...to bail out Hawaii's politicians at the local level, who have been doing little during our prolonged coronavirus lockdowns to trim the state's extravagant spending, despite the collapse of the state's private sector and evaporation of its tax stream....

...As lockdowns are gradually lifted, what is the pathway to restoring Hawaii's economy?....

... $381.2 million in economic output generated, including direct, indirect, and induced effects ....

... Federal-State Extended benefits begin Tuesday, Oct. 27 for Hawaii workers who have exhausted their state and federal jobless benefits ....

... because the state GDP data is released with a three-month lag and undergoes many revisions after its release ....

...Hawaii’s unfunded liabilities for infrastructure and public health benefits have increased so far this year to $97 billion....

... Hawaii 2020 unemployment claims surpass 380,000 ....

...Hawaii’s negative migration of the past several years in a row is going to accelerate....

...Hawaii’s general fund spending rose a hefty 5.7 percent in 2020, thus reducing the governor’s score in this report....

...Hawaii’s leading industry, tourism, has virtually disappeared; unemployment is at historic highs; hundreds, if not thousands, of businesses have permanently closed; state and county tax revenues have evaporated....

...Hawaii has recovered just 13% of the jobs lost since the start of the pandemic....

... Prior to COVID-19, our respondents reported a roughly 4% vacancy rate .... In August, however, this number jumped to 9% ....

...UHERO report illustrated a dark forecast—worse than the aftermath of 9/11—for travel and tourism in Hawaiʻi, across the U.S. and around the world....

...Our baseline forecast now sees meaningful economic recovery delayed until the middle of next year, and an attenuated recovery period thereafter....

... At the beginning of the year, our governor boasted about his efforts to put the state on a “sound financial footing.” What a difference a few months can make ....

...Hawaii lost the highest percentage (-3.5 percent, -1,300 jobs) of construction jobs for the month....

...Jobs declined by 105,200 over-the-year....

...Hawaii was the second-most-dependent state on the additional $600 in unemployment benefits that expired at the end of July.....

...These notices only represent announcements by companies in the state that have 100 or more employees....

...The revision is mainly due to the delayed pre-test program for trans-Pacific travel and the two-week Stay-at-Home, Work-from-Home order for Oahu....

... The unemployment rate would have been much higher except that there were nearly 30,000 fewer people in the labor force than a year ago ....

...Caldwell said at the news briefing that county and state leaders discussed the modified restrictions for O‘ahu over the past five days, trying to decide whether to use a scalpel or a hammer. “We’ve chosen a scalpel,” Caldwell said....