According a report released by the U.S. Bureau of Economic Analysis, personal income in the state of Hawaii had increased 0.9 percent during the first quarter of 2012. This amount includes salaries and wages, investment income, and federal government payments. This equated to $60.68 billion at a seasonally adjusted annual rate. However, experts note that the 0.9 percent increase was still lower then the 1.2 percent growth seen during the fourth quarter of 2011. Nationally, personal income growth increased by 0.8 percent during the first quarter of 2012.
The state of Hawaii’s Department of Business, Economic Development and Tourism is forecasing a personal income growth of 4.8 percent for the entire year.
Source: Honolulu Star Advertiser, 6-28-2012, 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
