UHERO congratulates Forecast Project Director, Byron Gangnes for his appointment as the Chair of the Economics Department at the University of Hawaii, Manoa. Dr. Gangnes will serve
If job seekers are disappointed this Christmas, the New Year may be even less bright unless Congress acts soon. The extended federal unemployment insurance benefits are set to expire
1. WE HAVE BEEN HEARING ABOUT THE SUPER COMMITTEE AND THEIR WORK ON A DEFICIT REDUCTION PLAN DUE NEXT WEDNESDAY. WHAT IS THE SUPER COMMITTEE?
1. UHERO RELEASED THE FOURTH QUARTER UPDATE TO ITS HAWAII FORECAST THIS MORNING. THE TITLE IS “HAWAII IN PAUSE MODE.” WHAT DO YOU MEAN BY
Almost four years after the start of the great recession total output of goods and services in the US has surpassed its pre-recession peak. The
UHERO is proud to announce that its website, www.uhero.hawaii.edu, has received the Association for University Business and Economic Research’s 2011 Website Award! UHERO is constantly improving
UHERO Executive Director and Associate Professor of Economics Carl Bonham has been elected to the Board of Directors of AUBER—the Association for University Business and Economic Research. AUBER is
Personal income estimates for the state of Hawaii were revised up by the Bureau of Economic Analysis (BEA) in their recent release State Personal Income: Second
1. THE FEDERAL RESERVE MET FOR A TWO DAY MEETING ON TUESDAY AND WEDNESDAY. AFTER THEIR MEETING, THE STOCK MARKET FELL SHARPLY WEDNESDAY AFTERNOON AND
The Federal Open Market Committee (FOMC) met on Tuesday and Wednesday to discuss the state of the US economy and to decide on monetary policy
1. HAWAII’S UNEMPLOYMENT RATE INCREASED FROM 6.1 PERCENT IN JULY TO 6.2 PERCENT IN AUGUST. WHY DID THIS HAPPEN? The basic reason is that the
Real Gross Domestic Product (GDP) in the Honolulu metropolitan area grew by a moderate 1.7% in 2010 according to the U.S. Bureau of Economic Analysis GDP
Oil prices have fluctuated widely in recent years. In our recent County Forecast Report, we discussed how oil affects the overall economy. Because fuel costs represent
President Obama proposed a larger-than-expected $447 billion American Jobs Act. More than half the package is for an expansion of this year’s payroll tax cuts and similar
The US economy is once again flirting with recession. While most data still suggest continued growth, recent events have clearly turned in a more negative