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%View entire presentation