But by 1994 the recession had raised Hawaii's unemployment rate to the national average (6.1%) for the first time in 15 years. In 1995, the state's unemployment rate improved slightly in the first eleven months of the year to 5.4 percent, a 0.6 percentage point decline from the first eleven months of 1994. Despite the lower unemployment rate, the total number of wage and salary jobs declined by 0.6 percent during the first eleven months of 1995. This was due in part to a fall in part-time jobs which are often held by persons who also have primary jobs elsewhere in the economy. The number of construction jobs declined by more than 7 percent in the same period. Other industries--namely, manufacturing, agriculture, transportation, communications/utilities, and finance, insurance, and real estate experienced declines in the number of jobs as well. Jobs in retail trade and services, however, increased 2.2 percent and 0.5 percent, reflecting an increase in visitor spending since 1994. Following a dismal first quarter due to the Kobe earthquake, there was steady growth in the tourism sector in 1995 with increases in the number of visitor arrivals and hotel room rates. The number of westbound visitors remained low. .
The construction industry continued its decline in the first eleven months of 1995. This loss was mainly due to decreasing demand exacerbated by higher interest rates during the first half of 1995, following a 12.4 percent drop in 1994. Another reason is that construction costs rose by 15 percent from 1992 to 1995, which is much higher than the consumer inflation rate of 8 percent during the same period. Agriculture jobs, including self-employed, showed a 6.6 percent decline in the first eleven months of 1995 from the same period in 1994. In the earlier part of the year, the agricultural work force fell to its lowest level in 21 years. Agriculture accounts for slightly less than 2percent of jobs in the state.
Alex Castro a high school senior was sitting in his fifth period economic class, board to death at the teachers monotone voice uttering repeatedly pointless terminology. When he then realized that the final was only a week, a way and he had slaked off all semester. "How am I going to pass," he thoug...
UTD Going to UTD was a wonderful experience that I will never forget. I learned so much about the school, its facilities, and its classes. Not only did I learn about the school but also about the students who attend it as well. The trip was well worth missing one day of school and the story is a...
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Worries about student loans make us feel anxious of the financial burden of having to pay it off after graduating. Many students enter college without thinking about the financial realities of student debt and have never discussed a budget with their parents. To live a successful, financially stable...
Macroeconomics Problem Set #1 A1) The opportunity cost of moving from point a to b is that you"ll lose 5 guns but gain 1 butter. Going from point b to c is that you"ll lose another 5 guns and gain 1 more butter. From C to D you"ll lose another 5 guns which makes that 15 total and add 1 more butter making that 3. D to E you"ll lose another 5 guns and gain another butter making the 10 guns and 3 butter. Going to e to f you"ll lose another 5 guns making it 0 guns and gain another butter making that 5 butter. 2) The opportunity cost is decreasing. ...
"Anything that's got my name on it, I open, because you never know what it will be," comments one focus group participant in a recent study of direct mail trends commissioned by the Graphic Arts Marketing Information Service (GAMIS) of PIA. In the late 1800s, Richard W. Sears, a railroad clerk in North Redmond, Minnesota, acquired an abandoned case of pocket watches. Using his list of other railroad clerks throughout the Midwest, he marketed his watches with great success. Sears recognized immediately that an entrepreneur with a list of accurate names and addresses, and a stock ...
