Hawaii Visitor Industry and Public Health Update slide image

Hawaii Visitor Industry and Public Health Update

Labor Market The State's labor market has improved in recent months STATE OF 1959 ■ The State's economy continues to diversify, with 84% of economic activity now in non-tourism sectors (compared to 67% in 1988) government are stable components of the economy ◉ Federal (including military), state and local ◉ Private health care as well as professional and business services have grown in recent years Hawaii Employment Base - 1st Quarter 2020(¹) Manufacturing. 2% Information 1% Agriculture .1% Other Services 4% Financial Activities 4% Private Education 2% Natural Resources, Trade, Transportation & Utilities 17% Mining, Construction Hawai'i's largest financial institutions are strong, supporting a robust and durable local business environment ■ Strong real estate market with stable prices and very low foreclosures supports the overall economy ■ The construction industry remains strong, with large public and private sector capital projects ongoing ■ Military presence provides important economic activity and security, and military payroll jobs have remained consistent over the past 20 years According to a Hawaii Business survey, 84% of businesses were open on July 8th; however, this number declined to 75% with the most recent stay at home order 5% Local Government. 3% State Government. 10% Health Care &. Social Assistance 7 (1) Source: State of Hawaii, Department of Labor and Industrial Relations, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics. Leisure & Hospitality 18% HAWAI Professional & Business Services 10% Federal (Civilian) Federal (Military) 10% 5% 8%
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