County Economic Conditions

3rd Quarter 2018 Report

Download County Quarterly Economic Indicators (spreadsheet)

Overall economic conditions were all positive across the counties in the second quarter of 2018. The unemployment rate decreased in all counties. 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. The value of private building permits also increased in all counties.

In the second quarter of 2018, the unemployment rate in all counties decreased. The unemployment rate in Honolulu decreased 0.3 of a percentage point from 2.4 percent to 2.1 percent; the unemployment rate in Maui County decreased 0.6 of a percentage point from 2.8 percent to 2.2 percent; the unemployment rate in Hawaii County decreased 0.4 of a percentage point from 3.1 percent to 2.7 percent; and the unemployment rate in Kauai County decreased 0.4 of a percentage point from 2.7 percent to 2.3 percent.

In the second quarter of 2018, Honolulu gained 7,900 or 1.7 percent of non-agricultural wage and salary jobs over the same quarter of 2017. Food Services and Drinking Places added the most jobs (3,400 jobs), followed by Professional & Business Services (2,000 jobs), Health Care & Social Assistance (900 jobs), Transportation, Warehousing, and Utility (700 jobs), and Other Services (500 jobs). The Government sector added 400 jobs. The largest private sector job losses occurred in Retail Trade (500 jobs lost), followed by Wholesale Trade (400 jobs lost), and Financial Services (400 jobs lost).

In the second quarter of 2018, Hawaii County gained 1,000 or 1.5 percent of non-agricultural wage and salary jobs over the same quarter of 2017. Health Care & Social Assistance added the most jobs (300 jobs). Retail Trade, Food Services and Drinking Places, and Accommodation each added 200 jobs. The Manufacturing and Educational Services sector each lost 100 jobs in the quarter. The Government sector added 200 jobs in the quarter.

Maui County saw a net gain of 1,500 jobs or a 2.0 percent increase in the second quarter of 2018 over the same quarter of 2017. Jobs increased the most in Health Care & Social Assistance (1,800 jobs), followed by Food Services and Drinking Places (800 jobs), and Arts, Entertainment & Recreation (300 jobs). Educational Services and Accommodation each lost 100 jobs. Government lost 1,400 jobs in the quarter.

In the second quarter of 2018, Kauai County gained 300 wage and salary jobs or 1.0 percent from the same quarter of 2017. Accommodation added the most jobs (300 jobs), followed by Natural Resources, Mining, and Construction (200 jobs) in the quarter. The Retail Trade, Transportation, Warehousing, and Utility, and Arts, Entertainment & Recreation each lost 100 jobs in the quarter. Government jobs were unchanged in the quarter.

In the second quarter of 2018, visitor arrivals by air increased in all counties, and visitor expenditures also increased in all counties. Visitor arrivals by air increased 5.3 percent in Honolulu, 8.2 percent in Maui, 1.4 percent in Hawaii County, and 8.9 percent in Kauai. Visitor expenditures increased 13.1 percent in Honolulu, 12.0 percent in Maui, 3.9 percent in Hawaii County, and 12.8 percent in Kauai compared to the same quarter of 2017.

In the second quarter of 2018, private building permits increased in all counties. Honolulu increased $197.9 million or 35.5 percent, Maui increased $60.8 million or 46.7 percent; Kauai (only residential available) increased $19.2 million or 67.8 percent, and Hawaii County increased $9.6 million or 9.1 percent from the same quarter of the previous year.