While the State of Hawaii did post very low unemployment rates in December (5.2 percent), economists warn that the state is still about a year or more away from regaining all of the jobs that were lost during the past recession. The University of Hawaii Economic Research Organization (UHERO) predicts that the job market will fully recover by 2014, while the state Department of Business, Economic Development and Tourism are looking until 2015 for a full recovery to occur. State economist Eugene Tian stated, “We’re still about 25,000 jobs below the peak of the job market in 2007. The recovery has been slower than during previous business cycles.”
Source: Honolulu Star Advertiser, 1-21-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
