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Economic Currents

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UHERO Hawai'i Outlook: Hawai'i Recovery Takes Hold

Posted March 26, 2010 | Categories: Hawaii's Economy, Economic Forecasts

Hawai'i's economic recovery has begun. Employment is stabilizing, and many sectors will begin to add modest numbers of jobs as the year progresses. While growth is resuming, the pace of recovery will be slow, constrained by tepid U.S. consumer spending and the drag from the State and local fiscal conditions. As a result, unemployment will recede only gradually from current high levels.

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