County Economic Conditions

4th Quarter 2018 Report

Download County Quarterly Economic Indicators (spreadsheet)

Overall economic conditions were mixed across the counties in the third quarter of 2018. The unemployment rate decreased in Maui; but increased in Hawaii County and Kauai. Total non-agricultural wage and salary jobs increased in all counties. Total visitor arrivals by air and visitor expenditures increased in all counties, except Hawaii County. The value of private building permits increased in Hawaii County and Maui; but decreased in Honolulu and Kauai.

In the third quarter of 2018, the unemployment rate in Honolulu remained the same at 2.2 percent; the unemployment rate in Maui County decreased 0.1 of a percentage point from 2.4 percent to 2.3 percent; the unemployment rate in Hawaii County increased 0.2 of a percentage point from 2.7 percent to 2.9 percent; and the unemployment rate in Kauai County increased 0.4 of a percentage point from 2.1 percent to 2.5 percent.

In the third quarter of 2018, Honolulu gained 9,500 or 2.0 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 (1,800 jobs), Financial Activities (1,400 jobs), Health Care & Social Assistance (900 jobs), and Transportation, Warehousing, and Utilities, and Other Services (each 500 jobs). The Government sector added 1,100 jobs. The largest private sector job losses occurred in Retail Trade, Manufacturing, and Information, each lost 400 jobs.

In the third quarter of 2018, Hawaii County gained 700 or 1.0 percent of non-agricultural wage and salary jobs over the same quarter of 2017. Retail Trade added the most jobs (300 jobs), Health Care & Social Assistance, Wholesale Trade, Information, Educational Services, and Professional & Business Services each added 100 jobs. The Financial Activities and the Natural Resources, Mining, and Construction sector each lost 100 jobs in the quarter. The Government sector added 200 jobs in the quarter.

Maui County saw a net gain of 1,900 jobs or a 2.5 percent increase in the third quarter of 2018 over the same quarter of 2017. Jobs increased the most in Food Services and Drinking Places (1,100 jobs), followed by Transportation, Warehousing, and Utility (200 jobs). Arts, Entertainment & Recreation, Health Care & Social Assistance, Retail Trade, Financial Activities, Professional & Business Services, and Accommodation each added 100 jobs. The Wholesale Trade and Other Services each lost 100 jobs in the quarter. Government added 200 jobs in the quarter.

In the third quarter of 2018, Kauai County gained 600 wage and salary jobs or 1.9 percent from the same quarter of 2017. Accommodation and Professional & Business Services each added 200 jobs. Natural Resources, Mining, and Construction, Financial Activities, Health Care & Social Assistance, and Food Services and Drinking Places each added 100 jobs in the quarter. The Transportation, Warehousing, and Utility, and Arts, Entertainment & Recreation each lost 100 jobs in the quarter. Government jobs were unchanged in the quarter.

In the third quarter of 2018, visitor arrivals by air and visitor expenditures increased in all counties, except Hawaii County. Visitor arrivals by air increased 2.6 percent in Honolulu, 8.3 percent in Maui, 5.2 percent in Kauai, but decreased 12.7 percent in Hawaii County. Visitor expenditures increased 5.3 percent in Honolulu, 4.3 percent in Maui, 15.7 percent in Kauai, but decreased 7.9 percent in Hawaii County compared to the same quarter of 2017.

In the third quarter of 2018, private building permits increased in Hawaii County and Maui, but decreased in Honolulu and Kauai. In the third quarter of 2018, private building permits decreased $70.0 million or 15.1 percent in Honolulu; decreased $15.7 million or 29.7 percent in Kauai (only residential available); increased $82.8 million or 82.8 percent in Hawaii County; and increased $23.8 million or 22.5 percent in Maui, from the same quarter of the previous year.