Blogs
Hawaii’s unemployment rate revised up for 2009-2011
According to the latest regional labor force data reported by the Bureau of Labor Statistics (BLS), the seasonally adjusted unemployment rate in Hawaii fell by 0.1% point to 6.5% in January 2012. However, the 0.1% drop was entirely the result of a 0.2% decline in the labor force. In fact, the employment level fell by 0.1%, and […]
Read MoreQ & A: Construction Edging Toward Recovery
1. UHERO RELEASED ITS ANNUAL CONSTRUCTION REPORT THIS MORNING. THIS IS A SECTOR THAT HAS BEEN HARD HIT BY THE GREAT RECESSION ISN’T IT. That’s correct, from a peak of just under 40,000 construction jobs in February of 2008, the industry has shed 12,000 jobs, and continued to loose jobs during 2011. And, total inflation […]
Read MoreEmployment Report: US economy adds 227,000 jobs in February
The US Bureau of Labor Statistics released the February 2012 Employment Situation this morning with another month of better than expected jobs numbers. The consensus was for an increase of 204,000 jobs and for no change in the unemployment rate in February. From the BLS: Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged […]
Read MoreQ & A: Da Budget, Compromise and Policy Failures
1. ANOTHER BUSY WEEK WITH LOT TO DISCUSS. ON MONDAY THE PRESIDENT RELEASED HIS BUDGET PROPOSAL, BY WEDNESDAY HAD PLENTY OF EVIDENCE OF CONTINUED EURO-AREA POLICY FAILURES, AND BY THURSDAY THE HOUSE REPUBLICANS APPEARED TO HAVE COMPROMISED ON THE PAYROLL TAX EXTENSION. SO MUCH NEWS SO LITTLE TIME! LETS START WITH THE BUDGET. The President’s […]
Read MoreDr. Makena Coffman named new Director of Energy and Greenhouse Gas Solutions (EGGS)
UHERO is pleased to introduce our new Director of Energy and Greenhouse Gas Solutions (EGGS), Dr. Makena Coffman. Dr. Coffman is a UHERO Research Fellow and Assistant Professor of Urban and Regional Planning. She brings expertise in greenhouse gas reduction strategies, sustainability planning, and computable general equilibrium modeling.
Read MoreStronger than Expected Employment Report
1. THE US BUREAU OF LABOR STATISTICS RELEASED ITS MONTHLY EMPLOYMENT REPORT THIS MORNING AND REPORTED ANOTHER DECREASE IN THE US UNEMPLOYMENT RATE? Yes, this was a better jobs report than most economists expected. The consensus was for 135,000 jobs to be created in January and the total nonfarm job count posted an increase of […]
Read MoreGDP Release Adds to Speculation of Further Fed Easing
Q1. THERE HAS BEEN A LARGE AMOUNT OF ECONOMIC NEWS THIS WEEK, CAN YOU SUMMARIZE WHERE THINGS STAND? A1. This was a busy week. On Tuesday we found out that Hawaii’s unemployment rate rose to 6.6% in December; on Wednesday the Federal Reserve released their forecast for the US economy and new forecasts of what […]
Read MoreSumner La Croix to deliver seminar on mainland Chinese travel
This Friday, January 27, UHERO Research Fellow Sumner LaCroix will present “How Big? The Impact of Approved Destination Status on Mainland Chinese Travel”. The seminar will be take place at University of Hawaii, Saunders 515, from 3:00 – 4:15PM. Abstract: China’s Approved Destination Status (ADS) policy governs foreign leisure travel by its residents who are allowed […]
Read MoreKeeping the money at home!
Part of the justification for the pursuit of food and energy self-sufficiency in Hawaii is that it allegedly serves to “keep the money at home.” It just sounds so good as an economic objective, as it has for over 200 years. But consider that the idea of keeping the money at home is crude, modern […]
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