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Hawaiian Islands Business Brokers News


Hawaiian Islands Business News

Check back here often for continually updated Hawaiian business news and Press Releases. Our goal is to provide you with recent, relevant, and pertinent news as it occurs throughout Hawaii. We are on the pulse of the business community and strive to keep you abreast of important business activity.

Featured News Articles:
Hawaii Prosperity Reflected by Low Unemployment Rate - 01/24/2007
Hawaii Business The Land of Fruit and Honey - 01/18/2007
Fast Growth Confirmed of Hawaii Businesses - 10/22/2006
Hawaiian Businesses Grow Faster - 06/29/2006
IRS Information on Figure Alternative Taxes - 01/24/2006
Hawaii Business is Booming with 7 Million Visitors in 2005 - 12/08/2005
Hawaii Super Ferry On Again - 09/30/2005
Workers Comp Claims Decline in Hawaii - 09/22/2005
Best Airlines, Worst Baggage Handling, and Whose on Time - 09/22/2005
2005 Visitor Count Setting New Records - 08/08/2005
Hawaii #1 Top Spot in World for Newlyweds - 06/10/2005
New Airline to Provide Service to Hawaii - 03/31/2005
Hawaii Super Ferry Gains Federal Funding Approval - 01/26/2005
Easier Access to Small Business Information - 01/18/2005
Hawaii Residents get FREE credit reports - 12/01/2004
IRS Raises Mileage Allowance - 11/23/2004
Hawaiian Islands Ponder Interisland Ferry - 11/20/2004
Business is UP! - 11/20/2004
Tourism Spikes! - 11/18/2004
Tourism Traffic Rises Above Last Years Levels - 11/16/2004
Hawaii Banks Increase Prime Rate - 11/11/2004
Agriculture Production Set Record in 2003 - 11/08/2004
Hawaii Mortgage Rates Rise - 11/05/2004
Hawaii Banks Increase Startup Loans for Business - 11/05/2004
Business Seminars on Maui - 10/25/2004
Hawaii Health Insurance - 10/25/2004
New Business Services Offered by State of Hawaii - 10/12/2004
Maui Voted #1 Island - 10/11/2004

 

Latest News:

Hawaii Prosperity Reflected by Low Unemployment Rate - 01/24/2007

Unemployment fell below 2 percent in all four operating counties of Hawaii during December, state figures issued Wednesday show.

A day after the U.S. Department of Labor reported Hawaii overall unemployment had fallen to 2 percent, the Hawaii Department of Labor and Industrial Relations put out its even more astonishing island-by-island breakdown.

The figures for December, not seasonally adjusted and therefore including seasonal retail hiring, with November in parentheses:

  • Oahu: 1.6 percent (2.2 percent).
  • Big Island: 1.9 percent (2.6 percent).
  • Kauai: 1.5 percent (2.1 percent).
  • Maui: 1.5 percent (2.1 percent).
  • Molokai: 3.2 percent (6 percent).
  • Lanai: 1.9 percent (1.4 percent).
  • Maui County as a whole had 1.5 percent unemployment, down from 2.2 percent in November, when Maui, Molokai and Lanai are added together.
  • The state estimates that there are about 650,000 people working in Hawaii, including farm workers, and about 10,500 out of work. These figures are not seasonally adjusted.

    Three sectors have more than 100,000 jobs: tourism, trade and government. The trade metric includes transportation and utilities.

    "Job creation in 2006 exceeded the amount of people entering the work force," said DLIR Director Nelson Befitel. He called it "a testament to the vibrancy of our local economy."

    DLIR said the release of temporary election workers produced a smaller job count in December by one of two measures, but the private sector gained about 1,300 jobs at the same time. This included about 500 more jobs in special trade construction and about 300 more jobs working in doctors' offices and social service programs.