Evidence That Honolulu’s Economy Is Strong
April 10th, 2010 categories: Rants & Riffs, The Market
In past blogs, I have said that Honolulu’s economy is more diversified and there for less susceptible to strong down turns experienced by the neighbor islands (Maui, Lanai, Molokai and the Big Island). Last week’s Honolulu Advertiser had an article showing that things are better here. This is why the core Honolulu home and condo market has seen less depreciation than market segments in outlying areas.
“State Department of Labor and Industrial Relations data shows O’ahu had a 5.6 percent unemployment rate during the month as 25,100 people went without work.
That was less than any other part of the state, with the next lowest rate on Lāna’i at 7.5 percent. Honolulu’s rate has been lower than the rest of Hawai’i during the ongoing economic downturn.”
CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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