economy

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The state of Hawai‘i's economy with Paul Brewbaker; Reality Check with Civil Beat: Latest Developments From the State Legislature

U.S. Department of Agriculture / Flickr
U.S. Department of Agriculture / Flickr

Hawaiʻi legislators are one step closer to dissolving the state’s Agribusiness Development Corporation (ADC).  The 27-year-old entity was initially created to develop economically viable farms to fill the void created by the closure of plantations. But a recent state audit found the ADC has done little to fill that void.

Al Drago/The New York Times via AP, Pool

Updated 2/23/21, 9:15 a.m.

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

Greg Nash/Pool via AP

WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed's commitment to reducing unemployment to multi-decade lows, where it stood before the pandemic, while signaling little concern about the risk of potentially high inflation or financial-market instability.

Free-Photos from Pixabay

Updated 2/9/21, 12 p.m.

The pandemic has been difficult for many local restaurants, but one restaurateur keeps fighting in the same spirit as his father.

AP Photo/Mark J. Terrill

WASHINGTON — America's employers barely added jobs last month, underscoring the viral pandemic's ongoing grip on the economy and likely adding momentum to the Biden administration's push for a bold rescue aid package.

Casey Harlow / HPR

Updated 1/19/21, 12:00 p.m.

For the first time, the federal government has officially listed the arts as one of the sectors devastated by the COVID-19 pandemic. As the second round of stimulus funds becomes available, there are efforts in Hawaii to aid access to those funds and secure more stable livelihoods for creatives in the state.

Noe Tanigawa / Hawai'i Public Radio

Restaurants and bars dominate the group of businesses that have closed in Hawaii since the start of the coronavirus pandemic. It's a list compiled by Pacific Business News.

AP Photo/Jaymes Song

HONOLULU — The island of Kauai plans to reopen to tourists after a halt forced by the coronavirus, but the economic recovery in the vital tourism industry could be slow.

Economic Promise and Peril Awaits Hawaii in 2021

Jan 5, 2021
Ryan Finnerty/HPR

2020 was a tumultuous year for the local economy in Hawaii and the outlook for 2021 remains mixed and uncertain.

Department of Hawaiian Home Lands

Historic funding shortfalls to the Department of Hawaiian Home Lands are forcing a discussion among beneficiaries about potential ways to raise revenue. And that includes looking at the possibility of casino gambling.

AP Photo/Mary Altaffer

NEW YORK (AP) — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy.

Sonny Abesamis
Sonny Abesamis

It’s been a month since Hawaiʻi started its pre-travel testing program, slowly expanding the number of visitors in the islands. In some places, that shift has gotten a mixed reaction, even for communities that have come to depend on tourism dollars. Here's how this is playing out in the Maui beach town community of Pāʻia.

AP Photo/Steven Senne

Updated 10/2/20, 10:21 a.m.

WASHINGTON — The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment rate fell to 7.9% — a mixed result for President Donald Trump, who has staked his reelection in part on the economy.

Hawaii Public Radio

Small businesses owners on Oahu say constant disruptions from efforts to curb the spread of COVID-19 are making survival increasingly untenable.

Casey Harlow / HPR

While the entire state of Hawaii has suffered from the shutdown of tourism, one area has been hit the hardest.  

AP Photo/Ahn Young-joon

The continuing COVID-19 crisis is costing lives around the world, and is also hitting economies. From job losses to business closings, a growing number of countries are sliding into deep recessions — and that includes in the Asia Pacific.

AP Photo/Caleb Jones

With health mandates and viral anxieties in mind, Hawaii businesses are rethinking their physical environments.

Ryan Finnerty / Hawaii Public Radio

As of August 1st, travelers coming to Hawaii will be exempt from the state’s mandatory 14-day quarantine if they first get tested for COVID-19 and are negative for the virus. 

Women In Hawaii Hit Harder By Job Loss Than Men

Jun 16, 2020
Flickr - Bytemarks Unemployment Office

Women in Hawaii are more likely to have lost their jobs as a result of the COVID-19 recession than male residents, despite equal representation in the workforce.

Osiristhe / Flickr

Sales of farm products currently represent just 0.6% of Hawaii gross domestic product. Experts say there are opportunities for it to grow, but substantial challenges as well.

American Review of Reviews / Unviesity of Toronto Robarts Library

Despite decades of effort, state and local government in Hawaii have had little success in fostering diversification of the islands' tourism-centric economy. The COVID-19 pandemic recession has once again generated calls for standing up new industries and expanding existing ones that do not include tourism.

This series explores what some of those industries of the future might be and what local leaders can do to bringa about their growth.

Hawaiian Time Machine

Hawaii’s main industry, tourism and hospitality, has been one of the hardest hit by the COVID-19 pandemic. Policymakers have been calling for economic diversification for decades, but single-single industry dominance has been the norm for centuries.

John Bilderback / YouTube

Economists say the state’s economic situation will remain dire without tourism, but residents are fed up with overcrowding by visitors. Experts say now is the time to reorient Hawaii’s visitor industry to a more sustainable path.

Hawaii State Capitol

The group that projects state tax revenue is predicting sharp declines for the rest of this year and the following, on the back of massive declines in visitor arrivals and local consumer spending due to COVID-19.

Courtesy of Hawaiian Airlines

As Hawaii continues to reopen the local economy, some leaders are calling for a plan to restart the state’s $18 billion tourism economy. One lawmaker wants COVID-19 testing to be at the center of such a plan.

Courtesy of the Office of the Governor

State authorities have unveiled a roadmap to reopening Hawaii’s economy. The reopening will be broken up into five phases, with each phase allowing for progressively larger social gatherings.

W. M. Keck Observatory

Hawaii Island’s 12 observatories have been cleared to resume operations by state officials. With travel largely on hold, many observations will now be made from home.

Pkd2016 / CC BY-SA 4.0 / Wikimedia Commons

With about 1 in 3 Hawaii workers now unemployed, many have also lost their health insurance. Some options for getting replacement coverage come with a deadline.

AP Photo/Gene J. Puskar

Updated 5/14/20, 11:30 a.m.

NEW YORK — U.S. health officials on Thursday released some of their long-delayed guidance that schools, businesses and other organizations can use as states reopen from coronavirus shutdowns.

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