County Economic Conditions

2nd Quarter 2018 Report

Download County Quarterly Economic Indicators (spreadsheet)

Overall economic conditions were mostly positive across the counties in the first 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 increased in Hawaii County and Kauai but decreased in Honolulu and Maui.

In the first quarter of 2018, the unemployment rate in all counties decreased. The unemployment rate in Honolulu decreased 0.6 of a percentage point from 2.5 percent to 1.9 percent; the unemployment rate in Maui County decreased 0.9 of a percentage point from 2.9 percent to 2.0 percent; the unemployment rate in Hawaii County decreased 0.8 of a percentage point from 3.1 percent to 2.3 percent; and the unemployment rate in Kauai County decreased 0.9 of a percentage point from 2.8 percent to 1.9 percent.

In the first quarter of 2018, Honolulu gained 6,300 or 1.3 percent of non-agricultural wage and salary jobs over the same quarter of 2017.  Food Services and Drinking Places added the most jobs (3,100 jobs), followed by Professional & Business Services (1,900 jobs), Transportation, Warehousing, and Utility (800 jobs), Health Care & Social Assistance (700 jobs), Accommodation (500 jobs), and Other Services (500 jobs).  The Government sector jobs were unchanged.  The largest private sector job losses occurred in Retail Trade (900 jobs lost), followed by Information (200 jobs lost).

In the first quarter of 2018, Hawaii County gained 1,100 or 1.6 percent of non-agricultural wage and salary jobs over the same quarter of 2017.  Retail Trade added the most jobs (300 jobs).  Professional & Business Services, Health Care & Social Assistance, 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 1,300 jobs or a 1.7 percent increase in the first 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 (700 jobs), and Accommodation (200 jobs).  The Retail Trade, Educational Services, and Other Services each lost 100 jobs.  Government lost 1,400 jobs in the quarter.

In the first quarter of 2018, Kauai County gained 700 wage and salary jobs or 2.3 percent from the same quarter of 2017.  Accommodation added the most jobs (300 jobs), followed by Food Services and Drinking Places (200 jobs) in the quarter.  The Financial Services and Arts, Entertainment & Recreation each lost 100 jobs in the quarter.  Government jobs were unchanged in the quarter.

In the first quarter of 2018, visitor arrivals by air increased in all counties, and visitor expenditures increased in all counties.  Visitor arrivals by air increased 7.3 percent in Honolulu, 7.5 percent in Maui, 12.8 percent in Hawaii County, and 14.3 percent in Kauai.  Visitor expenditures increased 5.9 percent in Kauai, 13.5 percent in Hawaii County, 12.9 percent in Maui, and 8.1 percent in Honolulu compared to the same quarter of 2017.

In the first quarter of 2018, private building permits decreased in Honolulu and Maui, but increased in Hawaii County and Kauai.  Honolulu decreased $233.9 million or 37.2 percent, Maui decreased $12.8 million or 9.2 percent; Hawaii County increased $18.6 million or 15.1 percent, and Kauai County (only residential available) increased $8.4 million or 28.7 percent from the same quarter of the previous year.