County Economic Conditions

4th Quarter 2022 Report

Download County Quarterly Economic Indicators (spreadsheet)

Overall economic conditions were mainly positive across the counties in the third quarter of 2022. The unemployment rate decreased in all counties, while total non-agricultural wage and salary jobs increased in all counties, and total visitor arrivals by air increased in all counties. The value of private building permits decreased in Honolulu, Maui and Kauai counties, but increased in Hawaii County.

In the third quarter of 2022, the unemployment rate in Honolulu decreased 1.7 percentage points from 5.1 percent to 3.4 percent; the unemployment rate in Maui County decreased 2.8 percentage points from 6.7 percent to 3.9 percent; the unemployment rate in Hawaii County decreased 1.7 percentage points from 5.4 percent to 3.7 percent; and the unemployment rate in Kauai County decreased 2.7 percentage points from 6.9 percent to 4.2 percent.

In the third quarter of 2022, Honolulu added 11,800 or 2.8 percent non-agricultural wage and salary jobs compared to the same quarter of 2021. Jobs increased the most in Food Services and Drinking Places, which added 5,600 jobs or 13.6 percent. This was followed by Accommodation which added 3,500 jobs or 27.1 percent, Professional & Business Services which added 1,200 jobs or 2.3 percent, Transportation, Warehousing, and Utilities which added 900 jobs or 4.0 percent, and Other Services which added 800 jobs or 4.3 percent in the quarter. The Government sector added 700 jobs or 0.8 percent in the quarter.

In the third quarter of 2022, Hawaii County added 1,600 or 2.4 percent of non-agricultural wage and salary jobs over the same quarter of 2021. Jobs increased the most in Accommodation which added 600 jobs or 10.9 percent. This was followed by Professional & Business Services which added 300 jobs or 4.9 percent, Food Services and Drinking Places and Retail Trade each added 200 jobs in the quarter. The Government sector added 100 jobs or 0.7 percent in the quarter.

Maui County added 2,200 jobs or a 3.1 percent increase in the third quarter of 2022 over the same quarter of 2021. Jobs increased the most in Accommodation which added 1,200 jobs or 11.0 percent. This was followed by Food Services and Drinking Places which added 700 jobs or 8.2 percent, and Professional & Business Services which added 500 jobs or 7.7 percent in the quarter. The Government sector jobs was unchanged in the quarter.

Kauai County added 900 jobs or a 3.1 percent increase in the third quarter of 2022 over the same quarter of 2021. Jobs increased the most in Arts, Entertainment & Recreation which added 300 jobs or 30.0 percent. Accommodation and Retail Trade also added 300 jobs, and Food Services and Drinking Places added 200 jobs in the quarter. The Government sector lost 100 jobs or 2.0 percent in the quarter.

In the third quarter of 2022, visitor arrivals by air increased in all counties. Visitor arrivals by air increased 24.9 percent in Honolulu, 14.4 percent in Maui, 24.4 percent in Hawaii County, and 24.7 percent in Kauai compared to the same quarter of 2021.

In the third quarter of 2022, the value of private building permits decreased in Honolulu, Maui and Kauai, but increased in Hawaii County. In the third quarter of 2022, private building permits decreased $83.9 million or 36.9 percent in Maui, decreased $4.7 million or 13.1 percent in Kauai (only residential available) and decreased $178.7 million or 31.7 percent in Honolulu. However, private building permits increased $112.8 million or 101.7 percent in Hawaii County from the same quarter of the previous year.