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Friday, June 14, 2024
$11.3B Loss: Elimination of TVRs Would Drive Hawaii into Economic Depression
By News Release @ 3:01 PM :: 1377 Views :: Maui County, Economy, Small Business, Tourism

... Study shows short-term rentals generated $2.2 billion in economic activity for Maui and $11.3 billion across Hawaii in 2023 ....

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Friday, June 7, 2024
DBEDT Projects 'Sluggish' Economic Growth in Aftermath of Lahaina Fire
By News Release @ 3:23 PM :: 334 Views :: Maui County, Economy, Hawaii Statistics, Tourism

... Between January and April 2024, visitor arrivals by air to Maui County fell 24.0 percent and expenditures decreased 22.6 percent compared to the same four months in 2023 ....

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Wednesday, June 5, 2024
Hawaii Per-Capita GDP Grows as Young Families Flee Hawaii
By Andrew Walden @ 3:25 AM :: 665 Views :: Economy, Hawaii Statistics

... Young families are leaving Hawaii.  Rich retirees are moving in.  The result is a sharp increase in per capita GDP ....

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Monday, June 3, 2024
Hawaii 2nd-Worst Economy in USA
By Selected News Articles @ 4:45 PM :: 991 Views :: Economy, Hawaii Statistics

... Innovation Potential: 50th ....

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Friday, May 31, 2024
April 2024 Tourist Spending and Arrivals Down Sharply
By News Release @ 4:33 PM :: 863 Views :: Economy, Hawaii Statistics, Tourism

... There were 753,551 visitors to the Hawaiian Islands in April 2024, down 8.9 percent from the same month last year. Total visitor spending measured in nominal dollars was $1.51 billion, which was a 12.6 percent drop from April 2023 ....

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Sunday, May 26, 2024
‘Deadly Cocktail’: Hawaii Still Reeling From Job Losses Four Years After The Pandemic
By Selected News Articles @ 6:53 PM :: 876 Views :: Economy, Hawaii Statistics, COVID-19

... There are still around 27,800 fewer jobs in Hawaii than before the COVID-19 pandemic ....

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Saturday, May 11, 2024
UHERO: 'Population slowing will reduce future growth'
By UHERO @ 2:58 AM :: 1257 Views :: Maui County, Economy, Tourism

... Hawaii’s economy will grow at a slower pace than in past years ....

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Wednesday, May 1, 2024
Tourist Spending and Arrivals Down for March
By News Release @ 7:37 PM :: 1012 Views :: Economy, Hawaii Statistics, Tourism

... There were 855,537 visitors to the Hawaiian Islands in March 2024, down 5.0 percent from a year ago. Total visitor spending measured in nominal dollars was $1.76 billion, which was a drop of 4.2 percent compared to March 2023 ....

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Thursday, April 11, 2024
Study STR economic impact before banning them
By Grassroot Institute @ 11:34 PM :: 1987 Views :: Hawaii County , Economy, Hawaii Statistics, Small Business, Tourism

“...30% respondents reported that if there was not a home and vacation rental option during their recent stay in Hawaii, they would not have made the trip....”

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Thursday, March 7, 2024
DBEDT Forecast: 1.5% Economic Growth for 2024
By Selected News Articles @ 2:31 AM :: 1451 Views :: Economy, Hawaii Statistics

... Though visitor spending decreased by 4.5 percent in January 2024, state general excise tax (GET) collections were up by 2.4 percent during the same month, an increase which can be attributed to household spending ....

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Friday, February 23, 2024
UHERO: Hawaii Economy Slowing
By UHERO @ 6:17 AM :: 1403 Views :: Maui County, Economy, COVID-19

... disasters from COVID to Lahaina are the only thing holding Hawaii's economy together ....

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Tuesday, February 20, 2024
Hawaiʻi’s future jobs: 70% require postsecondary education by 2031
By UHERO @ 1:55 PM :: 1408 Views :: Economy, Higher Education

“...I think there is a misconception now that there are jobs that are great right here in Hawaiʻi that you can get right after high school with just a high school diploma and that’s just not the case....”

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Friday, February 2, 2024
Kalani HS Wins 2024 Hawaiʻi LifeSmarts State Competition
By News Release @ 11:59 PM :: 2614 Views :: Education K-12, Family, Economy

“...Hawaiʻi currently holds the national championship title...."

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Sunday, January 28, 2024
Proposed STR regulations pose threat to Hawaii Island economy
By Grassroot Institute @ 6:39 PM :: 1632 Views :: Hawaii County , Economy, Small Business, Tourism

“...30% respondents reported that if there was not a home and vacation rental option during their recent stay in Hawaii, they would not have made the trip....”

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Saturday, January 27, 2024
Yet Another Report on How to Improve Hawaii's Competitiveness
By News Release @ 4:59 PM :: 1362 Views :: Economy

... Over the years there have been many reports, plans, and efforts to improve Hawaii’s economy, with mixed success ....

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Tuesday, January 16, 2024
Hawaii fares poorly in ‘economic freedom' ranking
By Grassroot Institute @ 9:13 PM :: 1409 Views :: Economy, Hawaii Statistics

... Hawaii 46th ....

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Tuesday, December 12, 2023
DBEDT Projects 'Low' Economic Growth for 2024
By News Release @ 4:00 AM :: 1244 Views :: Economy, Hawaii Statistics

... DBEDT lowered the economic growth rate for 2024 to 1.3 percent ....

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Sunday, December 3, 2023
Accounts in Distress? Hawaii Ranks 5th in USA
By Selected News Articles @ 3:28 AM :: 1251 Views :: Economy, Hawaii Statistics, Cost of Living

... States with the Most People in Financial Distress in 2023 .... 

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Sunday, November 26, 2023
Will history someday record an 'economic miracle' for Lahaina?
By Keli'i Akina PhD @ 2:20 AM :: 1446 Views :: Maui County, Development, Economy, Land Use

... how many years will depend on which path is taken ....

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Wednesday, October 11, 2023
Hawaii Among Five Worst 'Sinkhole States'
By News Release @ 12:00 AM :: 3053 Views :: Economy, Hawaii State Government, Hawaii Statistics

... The report found that Hawaii's financial condition improved in 2022, but the state still needed $11.4 billion to pay its bills ....

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Friday, September 22, 2023
Wildfires deliver heavy blow to Maui economy
By UHERO @ 4:30 PM :: 1735 Views :: Maui County, Economy, Hawaii Statistics, Tourism

... Hawaii economists say Lahaina locals could be priced out of rebuilt town without zoning changes  ....

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Saturday, September 9, 2023
Economic Perspective of Maui’s Devastating Wildfires
By UHERO @ 3:35 AM :: 1786 Views :: Maui County, Economy

“Tourism…dropped off the edge of the Earth.”

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Friday, September 8, 2023
Maui losses at $11 million a day since fires
By Selected News Articles @ 5:51 AM :: 1847 Views :: Maui County, Economy, Tourism

...DBEDT reduces its economic growth projections for Hawaii from 1.8% for 2023 to 1.1% and from 2% to 1.5% for 2024....

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Tuesday, September 5, 2023
Economic growth is our only way out
By Keli'i Akina PhD @ 4:17 PM :: 1919 Views :: Maui County, Economy, Taxes

... we cannot afford to further burden our economy with our usual high-tax and high-spending habits ....

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Sunday, September 3, 2023
Hawaii's economic future depends on what our children learn today
By Grassroot Institute @ 8:08 PM :: 1792 Views :: Education K-12, Economy

... best-selling author Connor Boyack will explain why the next generation is critical to ensuring justice and prosperity ....

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Tuesday, August 15, 2023
"We would probably see a mass exodus from Maui."
By Selected News Articles @ 12:40 PM :: 2535 Views :: Maui County, Economy, Tourism

... "It would be potentially catastrophic if no one traveled to the island," Green said ....

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Thursday, July 20, 2023
​Hawaii's unemployment rate down slightly
By Selected News Articles @ 6:41 PM :: 2134 Views :: Economy, Labor

... but the number of jobs decreased ....

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Wednesday, July 19, 2023
American Samoans fear tuna fishing limits in Pacific Ocean sanctuary could threaten their livelihood
By Court House News @ 1:50 PM :: 2059 Views :: Environment, Economy

... The industry supports about 5,000 jobs in American Samoa, chief among those a StarKist Co. tuna cannery ....

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Thursday, June 22, 2023
Hawaii finances ‘unsustainable’ without economic growth
By Grassroot Institute @ 4:58 PM :: 2168 Views :: Economy, Hawaii State Government

" ... if the government spending is growing faster than the private sector, then it is unsustainable .... "

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Friday, June 16, 2023
Hawaii May Unemployment 3.1%
By News Release @ 2:34 PM :: 2146 Views :: Economy, Hawaii Statistics, Labor

... in comparison with March 2020 (the last month prior to pandemic effects), nonfarm jobs were down by 24,200, or -3.7 percent ....

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Thursday, June 15, 2023
Hawaii Worker Productivity Drops Sharply
By Selected News Articles @ 4:15 PM :: 2248 Views :: Economy, Hawaii Statistics, Labor

... Energy-producing and tourism-dependent states took the biggest hits in productivity: Hawaii was down 5.3% to $75.39 ....

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Monday, June 5, 2023
Hawaii Economy 5th-Worst in USA
By Selected News Articles @ 4:19 PM :: 1680 Views :: Economy, Hawaii Statistics

... some contribute more than others ....

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Thursday, June 1, 2023
DBEDT: Economic Recovery Continues in Hawaii
By News Release @ 5:16 PM :: 1757 Views :: Economy, Hawaii Statistics

... projected economic growth rates for Hawai‘i for both years are better than the expected growth rates for the nation ....

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Friday, May 12, 2023
Promise and peril for Hawaiʻi’s economy, UHERO forecasts
By UHERO @ 6:01 PM :: 2058 Views :: Economy

... A national recession will weigh on Hawaiʻi later this year ....

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Friday, March 10, 2023
UHERO Report predicts challenging year for Hawaii tourism
By Selected News Articles @ 7:09 PM :: 1970 Views :: Economy, Tourism

"...While international tourism will continue to recover, domestic travel will soften as the US economy contracts later this year...."

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Friday, March 3, 2023
DBEDT: Hawaii Economy Still Recovering from COVID
By News Release @ 11:01 AM :: 1866 Views :: Economy, Hawaii Statistics

... DBEDT kept its economic growth projections for 2023 and 2024 at 1.7 percent and 2.1 percent, respectively ....

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Friday, March 3, 2023
Hawaii's Best & Worst Cities at Personal Money Management
By Selected News Articles @ 3:32 AM :: 2196 Views :: Family, Economy, Hawaii Statistics

... It’s clear that some people are better than others at handling their finances ....

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Friday, February 24, 2023
Report: Hawaii's hotel revenue back to pre-pandemic levels
By Selected News Articles @ 11:22 PM :: 2220 Views :: Economy, Hawaii Statistics, Tourism

... With the average hotel occupancy projected to be about 63% across the nation this year, Hawaii is projected to have a 78% occupancy rate. Its rate in 2019 was 80%, the report showed ....

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Saturday, February 11, 2023
A ‘Capitol Convo’ about Hawaii’s high cost of living
By Grassroot Institute @ 7:10 PM :: 1784 Views :: Economy, Hawaii State Government, Taxes

... factors that contribute to the state’s high cost of living, such as its high cost of housing, high taxes, boondoggle projects, shortage of medical professionals and more ....

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Saturday, February 11, 2023
How Fast is Hawaii’s Economy Growing?
By Selected News Articles @ 6:52 PM :: 1532 Views :: Economy, Hawaii Statistics

... The 3.3% annualized expansion rate was the 17th largest ....

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Sunday, January 15, 2023
Searching for a Side Job? In Hawaii you've got lots of company
By Selected News Articles @ 9:02 PM :: 2033 Views :: Economy, Hawaii Statistics, Labor, Cost of Living

... According to recent data, searches for side jobs have seen an increase of 49.89%, with Hawaii ranking sixth among the states ....

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Thursday, January 5, 2023
Hawaii COVID Economy: Working only Two Jobs Instead of Three
By UHERO @ 3:26 PM :: 2057 Views :: Economy, COVID-19

... "7.2% of the individuals were furloughed, or reduced their working hours while 6.6% of them reported having someone in their family furloughed or reducing working hours" ....

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Thursday, December 22, 2022
American Dream? Hawaii Business Environment Worst in USA
By News Release @ 11:52 AM :: 1956 Views :: Economy, Hawaii Statistics

... According to the Index, Hawaii’s areas for improvement include business environment (ranked 51st), economic quality (ranked 51st), infrastructure (ranked 35th) and education (ranked 28th) ....

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Tuesday, December 20, 2022
Hawaii November Unemployment 3.3%
By News Release @ 7:36 PM :: 2091 Views :: Economy, Hawaii Statistics, Labor, Small Business

... Jobs increased by 25,800 over-the-year ....

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Saturday, December 17, 2022
Report: Inflation is easing in Honolulu
By Selected News Articles @ 4:50 PM :: 1829 Views :: Economy, Hawaii Statistics

... Honolulu showed a Consumer Price Index change of -0.6% over the last two months ....

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Saturday, December 17, 2022
UHERO: Severe economic downturn unlikely for Hawaiʻi
By UHERO @ 1:54 AM :: 1766 Views :: Economy, Tourism

... Rising interest rates, dwindling pandemic era savings and the coming U.S. downturn will cause a pause in growth next year. But the belated recovery of the Japanese visitor market and surging public sector construction will prevent a recession in the islands ....

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Wednesday, December 14, 2022
​The effects of the pandemic on the economy of Hawaii
By UHERO @ 10:58 PM :: 1952 Views :: Economy, COVID-19

... comparing the actual outcomes during the affected period with the pre-pandemic forecast ....

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Friday, December 2, 2022
DBEDT Economic Projections Unchanged
By News Release @ 9:17 PM :: 1596 Views :: Economy, Hawaii Statistics

... DBEDT kept economic growth projections for 2022 and 2023 for the State unchanged at 2.6 percent and 1.7 percent, respectively ....

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Friday, October 21, 2022
Hawaii Unemployment Drops to 3.5%
By News Release @ 3:59 AM :: 2042 Views :: Economy, Hawaii Statistics, Labor

...Job gains occurred in Leisure & Hospitality (+2,700); Education & Health Services (+500); Construction (+400); and Professional & Business Services (+200)....

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Friday, September 23, 2022
UHERO: US recession will weigh on Hawaii’s recovery
By UHERO @ 12:23 PM :: 1730 Views :: Economy

... high inflation, higher travel costs, and the Fed’s interest rate hikes will still adversely impact Hawaii households and businesses ....

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