Sunday, November 08, 2009
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Construction jobs on Maui decline 12 percent
POSTED: 12:07 p.m. HST, Nov 05, 2008
Construction jobs on Maui declined 12 percent since March as the nation's financial crisis continues to to drive a weaker housing market, according to the latest report by the University of Hawaii Economic Research Organization.
This has resulted in a significant drop in employment for the island's building industry, according to the report.
"Because construction has been a primary driver in Maui's job market for the past five years, this has troubling implications for the overall Maui economy," the report said.
Real building permits also have taken a substantial nosedive, signaling that construction jobs are likely to further decrease.
Construction jobs on Maui declined 12 percent since March as the nation's financial crisis continues to to drive a weaker housing market, according to the latest report by the University of Hawaii Economic Research Organization.
This has resulted in a significant drop in employment for the island's building industry, according to the report.
"Because construction has been a primary driver in Maui's job market for the past five years, this has troubling implications for the overall Maui economy," the report said.
Real building permits also have taken a substantial nosedive, signaling that construction jobs are likely to further decrease.
Today’s Edition
- Damien celebrations draw to a close
- Calls for tax hike piling on reluctant lawmaker
- Retailers on guard as crooks ram vehicles into properties
- County pandemic plans to apply to overall state response strategy
- State welfare payouts drop as numbers of needy grow
- Earlier primary voting considered
- Whatever Happened To: Case of baby who died in Customs heads to trial after failure to settle
- Newswatch
- Police and Fire
- Shining Stars
- Vital Statistics
- What's open and closed on Veterans Day
- Trouble in Paradise
- Windfall is seen as bank bonuses are paid in stock
- Overweight Americans push back in the health care debate
- Handmade: Make your presence felt with 'Felties'
- Drawing attention
- Da Kine
- Scrivener's Sudoku: Army Community Hawaii
- Murakami's Calabash
- Warriors find winning formula
- Feeding frenzy for UH backs
- Porous run defense deflates Utah State
- Short snaps: UH vs. Utah State
- Further Review: Old-school running game keyed UH's feel-good win
- Amis out indefinitely with foot injury
- UH's Lee lifts Hawaii's spirit
- Farrington finds a way
- 'Iolani rolls Damien to prepare for states
- Hawaii Beat
- Scoreboard
- Television & Radio
- New kite business takes off
- Business briefs
- It's not too late to cut tax liability
- Hawaii Real Estate Sales
- Tracking Hawaii's student stock pickers
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