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Outlook for the Hawai'i Economy

Posted December 31, 1999 | Categories: Forecasts, Hawaii's Economy

Hawaii's economic picture began to improve in 1999. Driven by a strengthening external environment, the visitor industry started to recover from a very weak 1998, helping to sustain moderate income growth for the state as a whole. While labor markets remain weak, payroll job losses came to an end, and the unemployment rate edged downward. Even construction, which has suffered a severe slump in recent years, showed signs of life. This performance bodes well for the year 2000, with virtually all sectors of the Hawaii economy finally beginning to move in the right direction!

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