Maui County Monthly Economic Indicators - October 31, 2018

Page 1

Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Unemployment Rate % Unempployment Rate Not Seasonnaly Adjusted

Monthly Trend by Island 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0

Molokai

Sep-17 6.2

Oct-17 5.1

Nov-17 5.2

Dec-17 4.0

Jan-18 3.6

Feb-18 3.8

Mar-18 3.8

Apr-18 4.8

May-18 5.1

Jun-18 7.5

Jul-18 6.0

Aug-18 5.8

Sep-18 6.8

2,400

2,350

2,350

2,350

2,650

2,750

2,550

2,600

2,600

2,650

2,800

2,800

2,750

2.6

2.3

2.4

2.0

2.3

2.1

2.3

2.2

2.3

3.4

3.0

2.7

3.0

88,600

87,950

87,250

90,100

89,800

90,750

91,350

91,600

92,300

92,750

91,100

90,850

1.8

2.0

1.7

2.0

1.7

1.8

1.8

2.1

2.9

2.3

2.3

2.9

34,950

34,750

34,600

36,100

35,450

35,950

36,100

36,300

36,950

37,450

36,950

36,400

1.9

2.0

1.7

2.0

1.9

1.9

1.9

1.9

2.6

2.0

1.9

2.3

81,300

80,750

80,500

82,000

81,400

82,150

82,400

82,450

83,450

84,400

83,400

81,750

1.8

1.9

1.7

2.0

1.8

1.9

1.9

1.9

2.6

2.0

2.1

2.4

Labor force Hawaii Island

Labor force 90,600 Kauai

2.1

Labor force 35,750 Maui Island

2.2

Labor force 81,500 Oahu

2.2

Labor force 467,650 473,050 476,250 474,050 472,450 473,150 475,150 474,600 472,100 473,550 470,950 467,950 467,600 Lanai Labor force

4.0

2.4

1.6

1.2

3.1

2.1

2.7

2.1

1.6

2.5

1.0

2.1

3.4

1,550

1,500

1,500

1,650

1,650

1,600

1,550

1,550

1,600

1,700

1,650

1,650

1,600

% Unemployment Rate Not Seasonnaly Adjusted

Unemployment Rate Annual Trend by Island

10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Sep‐15 9.4

Sep‐16 7.2

Sep‐17 6.2

Sep‐18 6.8

Hawaii Island

4.2

3.5

2.6

3.0

Kauai

4.1

3.2

2.1

2.9

Maui Island

3.5

3.0

2.2

2.3

Oahu

3.4

2.9

2.2

2.4

Lanai

2.9

4.0

4.0

3.4

Molokai

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 1


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Hawaii Gasoline Prices Monthly Trend by Island

$5.50

Price per Gallon, Regular*

$5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00

Molokai

Oct‐ Nov‐ Dec‐ Jan‐ Feb‐ Mar‐ Apr‐ May‐ Jun‐ Jul‐ Aug‐ Sep‐ Oct‐ 17 17 17 18 18 18 18 18 18 18 18 18 18 4.690 4.760 4.910 4.910 4.990 5.060 4.900 4.900 4.980 4.970 4.970 4.970 5.040

Lanai

4.629 4.680 4.750 4.710 4.800 4.710 4.760 4.860 4.970 4.840 4.850 4.890 5.010

Maui Island

3.559 3.662 3.743 3.798 3.907 3.924 3.957 3.991 4.042 4.092 4.073 4.082 4.152

Kauai

3.370 3.420 3.550 3.550 3.630 3.620 3.690 3.850 3.890 3.890 4.010 4.010 4.050

Hawaii Island 3.130 3.205 3.276 3.338 3.461 3.532 3.590 3.686 3.748 3.826 3.849 3.861 3.940 Oahu

2.949 3.062 3.124 3.173 3.288 3.355 3.415 3.547 3.601 3.620 3.626 3.638 3.751 *Mid‐grade non ethanol gasoline for Lanai

Hawaii Gasoline Prices Annual Trend by Island Price per Gallon, Regular*

$5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00

Kauai

Oct‐15 3.123

Oct‐16 N/A 3.123

Oct‐17 3.370

Oct‐18 4.050

Maui Island

3.307

3.282

3.559

4.152

Hawaii Island

2.827

2.775

3.130

3.940

Oahu

2.731

2.742

2.949

3.751

*Mid‐grade non ethanol gasoline for Lanai Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 2


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

General Excise and Use Tax Revenues Maui County Monthly Trend 20,000

($1,000)

15,000

10,000

5,000

0

Jan 2014 17,547

Feb 9,696

Mar 15,390

Apr 16,034

May 16,698

Jun 15,577

Jul 15,555

Aug 16,793

Sep 15,535

Oct 16,759

Nov 17,563

Dec 14,134

2015 17,975

17,628

16,206

16,453

18,752

15,417

19,484

17,355

16,273

14,372

17,520

14,753

2016 18,998

18,428

17,078

18,551

17,902

17,583

6,827

15,239

16,847

18,865

15,459

17,238

2017 18,195

19,491

19,233

19,519

19,361

18,377

19,760

19,536

17,243

17,400

16,848

16,830

The GET Revenues by County are no longer being published as of 2018.

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 3


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

($1,000)

General Excise and Use Tax Liabilities State of Hawaii 300,000 275,000 250,000 225,000 200,000 175,000 150,000 125,000 100,000 75,000 50,000 25,000 0 State

Jan‐18 266,043

Feb‐18 248,987

Mar‐18 290,373

Apr‐18 263,741

The GET Liabilities report for the State and by County started in January 2018, replacing the GET Revenues report. Tax liability and tax collection measure different concepts and should not match.

($1,000)

General Excise and Use Tax Liabilities By County 300,000 275,000 250,000 225,000 200,000 175,000 150,000 125,000 100,000 75,000 50,000 25,000 0

290,373 266,043

263,741 248,987

Oahu

Jan‐18 164,532

Feb‐18 154,629

Mar‐18 178,803

Apr‐18 165,139

Maui

43,037

39,489

47,584

41,446

Hawaii Cty

35,634

32,565

38,470

33,097

Kauai

16,833

15,803

18,426

16,350

State

266,043

248,987

290,373

263,741

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 4


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

General Excise and Use Tax Revenues State of Hawaii Annual Trend 350,000 300,000 ($1,000)

250,000 200,000 150,000 100,000 50,000 0 Sep‐15 303,857

State

Sep‐16 274,997

Sep‐17 304,971

Sep‐18 281,877

General Excise and Use Tax Revenues Calendar Years 3,349,822

3,500,000 2,979,776

3,141,489

3,205,733

3,000,000

($1,000)

2,500,000 2,000,000 1,500,000 1,000,000 500,000 0

2014

2015

2016

2017

Oahu

2,560,783

2,694,951

2,745,559

2,848,682

Maui

187,281

202,189

199,013

221,793

Hawaii Cty

160,315

178,409

179,840

194,511

Kauai

71,397

65,941

81,321

84,836

State

2,979,776

3,141,489

3,205,733

3,349,822

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 5


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

General Fund Revenues State of Hawaii 800,000 700,000

($1,000)

600,000 500,000 400,000 300,000 200,000 100,000

Jan Feb Mar Apr May Jun 2015 589,037 457,494 398,032 520,644 525,587 482,911 2016 572,350 491,300 440,505 489,704 607,664 567,922 2017 690,158 427,452 458,026 504,209 598,719 590,690 2018 748,965 484,561 469,251 622,104 670,161 569,908

Jul Aug Sep Oct Nov Dec 474,289 519,945 598,831 460,026 472,031 499,790 473,481 525,803 546,430 533,617 461,204 505,425 531,282 557,612 603,140 492,032 475,681 555,544 544,386 552,391 600,995

General Fund Revenues State of Hawaii Calendar Years

($1,000)

7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 State

2014 5,535,709

2015 5,998,615

2016 6,215,407

2017 6,485,475

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 6


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Single Family Home, Median Selling Price Maui County Monthly Trend $800,000

Median Price

$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Res.

Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 650,000 667,350 689,000 695,500 707,000 685,000 680,000 725,000 695,000 727,500 769,000 700,000 754,248

Condo 423,750 519,500 400,000 440,000 505,563 472,500 450,000 508,513 475,000 515,000 513,163 509,998 501,000

Single Family Home, Median Selling Price Maui County Annual Trend $800,000 $700,000

Median Price

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 Residential

Sep‐15 573,300

Sep‐16 665,000

Sep‐17 650,000

Sep‐18 754,248

Condo

399,500

379,000

423,750

501,000

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 7


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Private Building Permits, Maui County Monthly Trend 120,000

($1,000)

100,000 80,000 60,000 40,000 20,000 ‐ Adds/Alterations

Sep-17 5,533

Oct-17 27,492

Nov-17 6,208

Dec-17 20,418

Jan-18 3,219

Feb-18 15,437

Mar-18 7,308

Apr-18 4,413

May-18 6,162

Jun-18 6,795

Jul-18 13,658

Aug-18 16,104

Sep-18 9,851

Commercial

1,696

6,297

4,734

3,915

1,337

21,625

10,764

91,620

22,549

11,886

6,719

6,932

3,464

Residential

19,930

14,882

6,981

11,124

9,259

43,702

14,067

7,728

16,849

22,996

17,218

36,266

19,343

Private Building Permits, Maui County Annual Trend 35,000

($1,000)

30,000 25,000 20,000 15,000 10,000 5,000 ‐ Additions & Alterations

Sep‐15 5,675

Sep‐16 2,391

Sep‐17 5,533

Sep‐18 9,851

Commercial & Industrial

9,168

2,925

1,696

3,464

Residential

9,463

13,688

19,930

19,343

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 8


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Visitor Arrivals by Air Maui County Annual Trend 350,000 300,000

Persons

250,000

215,102

179,692

197,719

203,700

International

Sep‐15 28,301

Sep‐16 33,041

Sep‐17 32,087

Sep‐18 36,720

Domestic

151,390

164,678

171,613

178,382

Total

179,692

197,719

203,700

215,102

200,000 150,000 100,000 50,000 0

Visitor Arrivals by Air Annual Trend by County 600,000 500,000

Persons

400,000 300,000 200,000 100,000 0 Oahu

Sep‐15 413,826

Sep‐16 432,533

Sep‐17 448,059

Sep‐18 462,079

Maui

179,692

197,719

203,700

215,102

Hawaii County

101,424

111,355

119,345

102,635

Kauai

85,284

89,090

97,997

102,041

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 9


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Visitor Arrivals by Air By County Calendar Years 6,000,000

Persons

5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0

2014

2015

2016

2017

Oahu

5,192,621

5,339,912

5,447,229

5,672,123

Maui

2,456,935

2,579,311

2,678,089

2,783,512

Hawaii County

1,454,684

1,514,973

1,549,943

1,762,914

Kauai

1,119,973

1,173,752

1,187,269

1,276,803

Because many visitors visited more than one area, detail sums to more than the State totals shown in the next table.

Visitor Arrivals by Air State of Hawaii Calendar Years

Persons

10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 State

2014

2015

2016

2017

8,196,342

8,563,018

8,821,802

9,256,761

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 10


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Labor Force Participation Rate State of Hawaii Monthly Trend % Labor Force Participation Rate Not Seasonllay Adjusted

64.0 63.5 63.0 62.5 62.0 61.5 61.0 60.5 60.0 State

Sep-17 62.0

Oct-17 62.6

Nov-17 62.3

Dec-17 62.0

Jan-18 62.3

Feb-18 62.4

Mar-18 62.8

Apr-18 62.9

May-18 62.7

Jun-18 63.1

Jul-18 63.0

Aug-18 62.4

Sep-18 62.2

Labor Force Participation Rate State of Hawaii Annual Trend 64.0

% Labor Force Participation Rate Not Seasonllay Adjusted

63.5 63.0 62.5 62.0 61.5 61.0 60.5 60.0 State

Sep‐15 61.7

Sep‐16 62.4

Sep‐17 62.0

Sep‐18 62.2

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 11


Monthly Economic Indicators are provided as a public service by the Maui County's Mayor's Office of Economic Development and in partnership with the Hawaii Business Research Library.

Release date 10/31/2018

Hawaii Wages, Nonfarm Private Sector Payrolls Monthly Trend $31.00 $30.00

Average Hourly Earnings Not Seasonally Adjusted

$29.00 $28.00 $27.00 $26.00 $25.00 $24.00 $23.00 $22.00 $21.00 State

Sep17 26.45

Oct17 26.72

Nov17 26.60

Dec17 26.96

Jan18 27.41

Feb18 27.21

Mar18 27.33

Apr18 27.84

May18 27.50

Jun18 27.81

Jul18 27.80

Aug18 27.89

Sep18 28.15

Urban Honolulu MSA

27.76

28.12

28.07

28.54

29.00

28.65

28.91

29.76

29.31

29.62

29.79

29.91

30.27

Kahului-Wailuku-Lahaina MSA 23.70

23.53

23.09

23.43

23.93

24.52

24.49

24.43

24.51

24.96

24.24

24.14

24.68

Hawaii Wages, Nonfarm Private Sector Payrolls

Average Hourly Earnings Not Seasonally Adjusted

Annual Trend $31.00 $30.00 $29.00 $28.00 $27.00 $26.00 $25.00 $24.00 $23.00 $22.00 $21.00

State

Sep-15 24.47

Sep-16 25.67

Sep-17 26.45

Sep-18 28.15

Urban Honolulu MSA

25.17

26.59

27.76

30.27

Kahului-Wailuku-Lahaina MSA

22.02

23.91

23.70

24.68

Source: Hawaii Department of Labor & Industrial Relations; Hawaii Department of Taxation; Hawaii Department of Business, Economic Development and Tourism; county building departments; Bureau of Labor Statistics; Honolulu Board of Realtors, Hawaii Information Service; Title Guaranty of Hawaii and Realtors® Association of Maui, Inc.; American Auto Association; gas stations on Kauai, Molokai & Lanai. Final tables compiled by Statistics & Data Support Branch, READ, DBEDT. Charts compiled by Hawaii Business Research Library.

Page 12


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.