Blogs
US economy reaches pre-recession peak
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 Bureau of Economic Analysis first estimate of Q3 2011 real GDP (in 2005 dollars) was $13,352.8 billion, just slightly higher than the $13,326.0 billion in Q4 2007. After falling by […]
Read MoreUHERO Wins AUBER 2011 Website Award
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 and expanding website features to make uhero.hawaii.edu an excellent resource for its users and visitors. Recent additions to the website include a new chart gallery, the UHERO Blog with the latest analysis of the Hawai’i […]
Read MoreUHERO Executive Director Elected to AUBER Board
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 a professional association of business and economic research centers in public and private universities. Founded in 1947, it strives to unite its members in the shared purpose of advancing economic […]
Read MoreRevisions to income data show faster recovery
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 Quarter 2011. This update revises personal income data released after 2008 and reports new data for the second quarter of 2011. On the national level personal income was revised up […]
Read MoreQ&A: Fed Act to Lower Mortgage Rates
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 THURSDAY. WHAT DID THEY DO! 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 […]
Read MoreFed acts to lower mortgage rates
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 actions. This meeting is a particularly interesting meeting because of the clear signs of economic weakness over the past six months and the relatively new phenomena of the direct political […]
Read MoreQ&A: Employment and Unemployment in Hawaii
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 number of Hawaii’s people in the labor force and without jobs increased by 900. One reason is the continuing weakness in the tourism this summer with declines in June and […]
Read MoreHonolulu GDP posts 1.7% growth in 2010
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 by Metro Area, Advance 2010 released this week. While Honolulu’s moderate growth places it within the third quintile of all U.S. metropolitan areas, growth of 1.7% is a significant improvement over […]
Read MoreOil Prices and Hawaii Travel
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 about 40% of airline expenses, they can have a large effect on the profitability and behavior of airlines, and ultimately the Hawaii tourism industry. The price of oil has a […]
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