Economy

... 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....

...Monday, April 20, 2020 5:30pm – 6:30pm....

...some specific steps to re-open sectors of our local economy at specific dates given the tiny rate of infections and hospitalizations in Hawaii....

... Department of Labor and Industrial Relations seem to have dropped the ball ....

...Their plan includes a two-step process of first reopening the local economy, safely allowing businesses to operate and workers to return to their jobs, followed by the measured return of tourism.... 

...Paul Brewbaker shares his COVID-19 analysis and forecast with a joint meeting of three boards of REALTORS®....

...Hawaii Unemployment Comp funds will run out in 21 weeks....

...77% of Hawaii's Economy Isn't Tourism; Policymakers Can Take Steps To Reopen It....

...Hawaii #1 in search for 'payday loans', but #42 in search for home equity loans....

...In February, Oshima became the senior executive advisor of Hawaiian Electric Company, Inc. (HECO) after serving five years as its president and chief executive officer....

...8.9% of Hawaii's workforce was receiving or filing for unemployment as of March 28, 2020....

...It’s led to the closing of scores of non-essential events and businesses, hurting the livelihood of many people....

...unemployment claim increases for the week of March 23....

...urging the adoption of additional policies to close critical gaps left by the new federal moratorium on evictions and the state’s recent emergency orders....

...Herd Immunity or Containment through Test and Trace?....

...the job count will average 11% lower than 2019 for the year as a whole, and real income will be more than 3% lower. Visitor arrivals for the year will be down an astounding 41%....

...Measure includes critical funds for Hawai‘i workers, families, businesses and health care providers....

...More than one in four jobs in Nevada, Hawaii and Wyoming are at risk....

...All classes of Hawai‘i hotel properties statewide reported higher RevPAR and ADR in February compared to a year ago....

...It’s time to discard its big-spending plans and focus on ways to help the economy recover quickly....

...Testimony on proposed minimum-wage increase....

...In the past two weeks, things have changed markedly, and a SARS-type V-shaped path is now too optimistic.... 

... the "coronavirus recession" and what Hawaii can do financially to cope with it ....  

...House Speaker Scott K. Saiki today announced the appointment of individuals to serve on the Select House Committee on COVID-19 Economic and Financial Preparedness adopted through House Resolution 54....

...During the recession of 2008, the state government was forced to reduce the school week to four days, cut millions of dollars from social programs, and reduce public employee salaries by 5 percent....

...Hawaii is the 8th-richest state but has the 5th-lowest per capita income in USA....

...Reckless state spending is exhausting our emergency reserves....

...While visitor arrivals racked up another record year in 2019, real visitor spending fell last year as international spending languished. And now the coronavirus rears its ugly head....

...In times of crisis, we are likely to be held back by the same problems that affect us now — the doctor shortage, the shipping restrictions caused by the Jones Act....

...how Hawaii can avoid its looming major debt crisis, projected at the moment to total $88 billion the next 30 years....

...a case for the Hawaii community to focus on “the future fiscal capacity of Hawaii state and local governments.”....

...Included in the study are data on housing supply, demand, and estimates of housing units needed by levels of affordability....

...Ige plans to “boost” the construction industry by increasing the number of public works projects....

...The state’s population has been declining for the past three years, in part because of outward migration....

... Fitch Ratings upgraded the state’s general obligation bond rating from AA to AA+ ....

... Why is Hawaii falling behind? ....

...2nd-highest in the USA....

“...Year-to-date through September, total visitor spending was a negative 0.1 percent and value of private building permits decreased by 7.2 percent....”

...Wholesale trade was the leading contributor to slow growth in Hawaii....

... Economic freedom in Hawaii dropped three notches to 40th place among all 50 U.S. states ....

...if we work to do good for all people of Hawai'i, we end up helping Hawaiians....