UHERO State Forecast Update: Hawaii’s Growth Down, But Not Out

Hawaii’s expansion has slowed along several dimensions. On top of the painful human toll, volcanic activity and flooding have dealt a setback to tourism. The construction sector has continued to drop back from its 2016 peak, and job growth has slowed to a near-stop. Still, the fundamentals look favorable. Global tourism continues to power forward, and there remains a healthy pipeline of construction work. And even with the recent labor market weakness, Hawaii continues to enjoy its lowest unemployment in many years.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO’s Forecast Project.

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