County Economic Conditions

1st Quarter 2018 Report

Download County Quarterly Economic Indicators (spreadsheet)

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

In the fourth quarter of 2017, the unemployment rate in all counties decreased. The unemployment rate in Honolulu decreased 0.8 of a percentage point from 2.6 percent to 1.8 percent; the unemployment rate in Maui County decreased 1.0 percentage point from 3.0 percent to 2.0 percent; the unemployment rate in Hawaii County decreased 1.2 percentage point from 3.4 percent to 2.2 percent; and the unemployment rate in Kauai County decreased 1.3 percentage point from 3.1 percent to 1.8 percent.

In the fourth quarter of 2017, Honolulu gained 5,500 or 1.1 percent of non-agricultural wage and salary jobs over the same quarter of 2016.  Professional & Business Services added the most jobs (2,500 jobs), followed by Retail Trade (1,500 jobs), Transportation, Warehousing, and Utility (1,200 jobs), Natural Resources, Mining, and Construction (1,000 jobs), and Accommodation (1,000 jobs).  The Government sector lost 400 jobs.  The largest private sector job losses occurred in Wholesale Trade (900 jobs lost), followed by Financial Activities (800 jobs lost).

In the fourth quarter of 2017, the non-agricultural wage and salary jobs in Hawaii County was unchanged over the same quarter of 2016.  Job gains in Food Services and Drinking Places (200 jobs), Information (100 jobs), Financial Services (100 jobs), Health Care & Social Assistance (100 jobs), and Other Services (100 jobs) were offset by job losses in Retail Trade (200 jobs lost) and Natural Resources, Mining, and Construction (200 jobs lost).  Jobs in the Government sector were unchanged in the quarter.

Maui County saw a net gain of 1,500 jobs or a 2.0 percent increase in the fourth quarter of 2017 over the same quarter of 2016. Jobs increased the most in Health Care & Social Assistance (1,800 jobs), followed by Accommodation (500 jobs), and Arts, Entertainment & Recreation (300 jobs).  The only private sector job losses occurred in the Manufacturing sector (100 jobs lost).  Government lost 1,600 jobs in the quarter.

In the fourth quarter of 2017, Kauai County gained 600 wage and salary jobs or 2.0 percent from the same quarter of 2016.  Food Services and Drinking Places and Health Care & Social Assistance both added 200 jobs in the quarter.  The only private sector job losses occurred in Retail Trade (100 jobs lost).  Government lost 100 jobs in the quarter.

In the fourth quarter of 2017, visitor arrivals by air increased in all counties, and visitor expenditures increased in all counties, except Honolulu.  Visitor arrivals by air increased 3.9 percent in Honolulu, 6.6 percent in Maui, 14.4 percent in Hawaii County, and 8.2 percent in Kauai.  Visitor expenditures increased 8.1 percent in Kauai, 10.1 percent in Hawaii County, 8.5 percent in Maui, but decreased 1.6 percent in Honolulu compared to the same quarter of 2016.

In the fourth quarter of 2017, private building permits decreased in Honolulu and Maui, but increased in Hawaii County and Kauai.  Honolulu decreased $203.6 million or 36.2 percent, Maui decreased $21.4 million or 17.3 percent; Hawaii County increased $43.8 million or 34.9 percent, and Kauai County (only residential available) increased $0.6 million or 1.6 percent from the same quarter of the previous year.