Hawaii State Profile

Hawaii's housing costs are among highest in US; state revenue collections fall below expectations, due to decline in excise, use, hotel, and income taxes; lodging industry incurs debt to make costly renovations as occupancy rates hit 16-year low.

• State job growth fell 3.7% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 7.2% in August 2009; the national average was 9.7%
• Personal income fell 0.4% to $54.2 billion in Q2 2009 from a year ago.
• Tax revenue fell 16.2% in Q2 2009 from the previous year.
• Exports fell 39.8% to $247 million in the first seven months of 2009 from a year ago.