County Economic Conditions

4th Quarter 2017 Report

Download County Quarterly Economic Indicators (spreadsheet)

Overall economic conditions were mostly positive across the counties in the third quarter of 2017.  The unemployment rate decreased and total non-agricultural wage and salary jobs increased in all counties. Total visitor arrivals by air increased in all counties, and visitor expenditures increased in all counties, except a small decrease in Kauai. The value of private building permits increased in Maui and Kauai but decreased in Honolulu and Hawaii counties.

In the third quarter of 2017, the unemployment rate in all counties decreased. The unemployment rate in Honolulu County decreased 0.5 of a percentage point from 2.8 percent to 2.3 percent; the unemployment rate in Maui County decreased 0.6 of a percentage point from 3.2 percent to 2.6 percent; the unemployment rate in Hawaii County decreased 0.9 of a percentage point from 3.9 percent to 3.0 percent; and the unemployment rate in Kauai County decreased 0.9 of a percentage point from 3.2 percent to 2.3 percent.

In the third quarter of 2017, Honolulu gained 4,700 or 1.0 percent of non-agricultural wage and salary jobs over the same quarter of 2016.  Retail Trade added the most jobs (3,100 jobs), followed by Professional & Business Services (2,500 jobs), Food Services & Drinking Places (1,300 jobs), and Accommodation (700 jobs).  The Government sector lost 800 jobs.  The largest private sector job losses occurred in Financial Activities (1,000 jobs lost), followed by Wholesale Trade (900 jobs lost), and Natural Resources, Mining, and Construction (600 jobs lost).

In the third quarter of 2017, Hawaii County added 300 non-agricultural wage and salary jobs or 0.5 percent, over the same quarter of 2016.  Food Services and Drinking Places added the most jobs (500 jobs), followed by Retail Trade (200 jobs), and    Transportation, Warehousing, and Utility (200 jobs).  The largest private sector job losses occurred in Arts, Entertainment & Recreation (300 jobs lost), followed by Natural Resources, Mining, and Construction (200 jobs lost).  The Government sector lost 200 jobs in the quarter.

Maui County saw a net gain of 2,100 jobs or a 2.8 percent increase in the third quarter of 2017 over the same quarter of 2016. Jobs increased the most in    Health Care & Social Assistance (1,600 jobs), followed by Arts, Entertainment & Recreation (700 jobs), Accommodation (400 jobs), and Natural Resources, Mining, and Construction (300 jobs).  The only private sector job losses occurred in the Manufacturing sector (100 jobs lost).  Government lost 1,700 jobs in the quarter.

In the third quarter of 2017, Kauai County gained 100 wage and salary jobs or 0.3 percent from the same quarter of 2016.  Food Services and Drinking Places and Accommodation both added 200 jobs in the quarter.  The largest private sector job losses occurred in Arts, Entertainment and Recreation (300 jobs lost).  Government jobs were unchanged in the quarter.

In the third quarter of 2017, visitor arrivals by air increased in all counties, and visitor expenditures increased in all counties, except Kauai.  Visitor arrivals by air increased 5.5 percent in Honolulu, 2.9 percent in Maui, 14.4 percent in Hawaii County, and 7.4 percent in Kauai.  Visitor expenditures increased 4.9 percent in Honolulu, 12.9 percent in Hawaii County, 2.8 percent in Maui, but decreased 0.1 percent in Kauai compared to the same quarter of 2016.

In the third quarter of 2017, private building permits decreased in Honolulu and Hawaii County, but increased in Maui and Kauai.  Honolulu decreased $166.1 million or 26.4 percent, Hawaii County decreased $44.1 million or 30.6 percent; Maui County increased $30.2 million or 40.0 percent, and Kauai County (only residential available) increased $13.0 million or 32.6 percent from the same quarter of the previous year.