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March 2018 Maui Economic Indicators

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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.

Publish date 03/12/2018

Unemployment Rate Monthly Trend by Island % Unempployment Rate Not Seasonnaly Adjusted

12.0 11.0 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0

Molokai

Jan-17 4.0

Feb-17 4.5

Mar-17 5.4

Apr-17 5.8

May-17 6.7

Jun-17 11.2

Jul-17 9.2

Aug-17 7.6

Sep-17 6.7

Oct-17 5.1

Nov-17 5.2

Dec-17 4.0

Jan-18 3.6

2,550

2,350

2,400

2,400

2,400

2,350

2,450

2,450

2,400

2,350

2,350

2,350

2,650

3.4

3.3

3.1

3.2

3.3

4.0

3.3

2.8

2.8

2.3

2.4

2.0

2.3

91,150

91,900

91,950

91,850

92,350

91,350

90,300

89,750

88,600

87,950

87,250

90,100

Labor force Hawaii Island

Labor force 91,200 Kauai

3.1

Labor force 35,900 Maui Island

3.3

Labor force 83,150 Oahu

2.8

3.0

2.8

3.0

3.0

3.2

2.4

2.3

2.3

1.8

2.0

1.7

2.0

35,700

35,850

35,900

35,950

36,550

36,250

35,850

35,200

34,950

34,750

34,600

36,100

3.0

2.8

3.0

2.9

3.2

2.4

2.3

2.4

1.9

2.0

1.7

2.0

82,700

83,350

83,400

83,150

84,400

84,350

83,450

81,600

81,300

80,750

80,500

82,000

2.6

2.4

2.4

2.6

3.1

2.3

2.3

2.3

1.8

1.9

1.7

2.0

Labor force 481,800 480,500 481,900 481,100 477,250 477,600 478,650 473,450 473,900 473,050 476,250 474,050 472,450 Lanai Labor force

3.3

5.1

3.7

3.3

3.4

6.2

6.0

3.1

4.3

2.4

1.6

1.2

3.1

1,550

1,550

1,550

1,550

1,550

1,600

1,650

1,650

1,550

1,500

1,500

1,650

1,650

Unemployment Rate Annual Trend by Island 9.0

% Unemployment Rate Not Seasonnaly Adjusted

8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 Jan‐15 8.4

Jan‐16 5.8

Jan‐17 3.8

Jan‐18 3.6

Hawaii Island

4.9

3.7

3.3

2.3

Kauai

4.5

3.5

3.0

2.0

Maui Island

4.1

3.2

3.1

2.0

Oahu

3.9

2.9

2.7

2.0

Lanai

3.6

2.7

3.1

3.1

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.

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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.

Publish date 03/12/2018

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

Feb‐ Mar‐ Apr‐ May‐ Jun‐ Aug‐ Sep‐ Oct‐ Nov‐ Dec‐ Jan‐ Feb‐ Jul‐17 17 17 17 17 17 17 17 17 17 17 18 18 4.750 4.750 4.750 4.750 4.750 4.750 4.680 4.720 4.690 4.760 4.910 4.910 4.990

Lanai

4.610 4.300 4.480 4.469 4.500 4.359 4.590 4.630 4.629 4.680 4.750 4.710 4.800

Maui Island

3.508 3.509 3.508 3.467 3.498 3.488 3.522 3.531 3.559 3.662 3.743 3.798 3.907

Kauai

3.390 3.330 3.330 3.390 3.330 3.330 3.330 3.370 3.370 3.420 3.550 3.550 3.630

Hawaii Island 3.064 3.041 3.037 3.038 3.024 3.027 3.093 3.130 3.130 3.205 3.276 3.338 3.461 Oahu

2.971 2.932 2.913 2.911 2.903 2.896 2.907 2.939 2.949 3.062 3.124 3.173 3.288 *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

Feb‐15 3.332

Feb‐16 2.887

Feb‐17 3.390

Feb‐18 3.630

Maui Island

3.191

3.124

3.508

3.907

Hawaii Island

3.026

2.562

3.064

3.461

Oahu

2.943

2.408

2.971

3.288

*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.

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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.

Publish date 03/12/2018

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

($1,000)

15,000

10,000

5,000

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

General Excise and Use Tax Revenues Maui County Annual Trend 20,000 18,000 16,000 ($1,000)

14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Maui

Dec‐14 14,134

Dec‐15 14,753

Dec‐16 17,238

Dec‐17 16,830

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.

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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.

Publish date 03/12/2018

General Excise and Use Tax Revenues State of Hawaii Annual Trend 320,000 300,000

($1,000)

280,000 260,000 240,000 220,000 200,000 Jan‐15 279,824

State

Jan‐16 295,576

Jan‐17 295,061

Jan‐18 339,242

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

3,500,000 2,979,776

3,205,733

3,141,489

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.

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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.

Publish date 03/12/2018

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 Jul Aug Sep Oct Nov Dec 2015 589,037 457,494 398,032 520,644 525,587 482,911 474,289 519,945 598,831 460,026 472,031 499,790 2016 572,350 491,300 440,505 489,704 607,664 567,922 473,481 525,803 546,430 533,617 461,204 505,425 2017 690,158 427,452 458,026 504,209 598,719 590,690 531,282 557,612 603,140 492,032 475,681 555,544 2018 748,965

General Fund Revenues State of Hawaii Calendar Years 7,000,000

($1,000)

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.

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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.

Publish date 03/12/2018

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.

Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 660,000 672,575 743,000 671,000 700,000 740,000 708,500 700,000 650,000 667,350 689,000 695,500 707,000

Condo 525,000 465,000 390,000 490,000 479,000 435,000 442,500 400,000 433,750 519,500 400,000 440,000 505,563

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

Jan‐15 577,000

Jan‐16 631,650

Jan‐17 660,000

Jan‐18 707,000

Condo

378,000

395,000

525,000

505,563

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.

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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.

Publish date 03/12/2018

Private Building Permits, Maui County Monthly Trend 70,000 60,000

($1,000)

50,000 40,000 30,000 20,000 10,000 ‐ Adds/Alterations

Jan-17 9,820

Feb-17 10,463

Mar-17 13,586

Apr-17 3,700

Commercial

12,747

8,783

23,579

2,061

Residential

19,771

20,169

20,582

12,266

May-17 16,552

Jun-17 12,193

Jul-17 9,148

Aug-17 12,740

Sep-17 5,533

Oct-17 27,492

Nov-17 6,208

Dec-17 20,418

Jan-18 3,219

12,342

4,108

19,392

20,084

1,696

6,297

4,734

3,915

1,337

32,433

34,529

5,428

11,842

19,930

14,882

6,981

11,124

9,259

Private Building Permits, Maui County Annual Trend 100,000 90,000

($1,000)

80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 ‐ Additions & Alterations

Jan‐15 3,516

Jan‐16 4,252

Jan‐17 9,820

Jan‐18 3,219

Commercial & Industrial

25,202

12,697

12,747

1,337

Residential

63,247

16,657

19,771

9,259

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.

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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.

Publish date 03/12/2018

Visitor Arrivals by Air Maui County Annual Trend 300,000 250,000

235,550

216,728

218,882

222,157

International

Jan‐15 54,425

Jan‐16 54,734

Jan‐17 54,324

Jan‐18 51,830

Domestic

162,303

164,148

167,833

183,720

Total

216,728

218,882

222,157

235,550

Persons

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

Visitor Arrivals by Air Annual Trend by County 500,000

400,000

Persons

300,000

200,000

100,000

0 Oahu

Jan‐15 405,600

Jan‐16 433,868

Jan‐17 446,571

Jan‐18 460,518

Maui

216,728

218,882

222,157

235,550

Hawaii County

130,646

136,047

151,112

158,357

Kauai

97,695

96,331

99,355

109,283

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.

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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.

Publish date 03/12/2018

Visitor Arrivals by Air By County Calendar Years 6,000,000 5,000,000

Persons

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 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.

Publish date 03/12/2018

Labor Force Participation Rate State of Hawaii Monthly Trend

% Labor Force Participation Rate Not Seasonllay Adjusted

64 63.5 63 62.5 62 61.5 61 60.5 60 State

Jan-17

Feb-17

Mar-17

Apr-17

May-17

Jun-17

Jul-17

Aug-17

Sep-17

Oct-17

Nov-17

Dec-17

Jan-18

63.6

63.4

63.6

63.5

63.1

63.4

63.3

62.6

62.4

62.6

62.3

62

62.3

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

Jan‐15

Jan‐16

Jan‐17

Jan‐18

61.8

62.2

62.9

62.3

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.

Publish date 03/12/2018

Hawaii Wages, Nonfarm Private Sector Payrolls Monthly Trend $30.00 $29.00

Average Hourly Earnings Not Seasonally Adjusted

$28.00 $27.00 $26.00 $25.00 $24.00 $23.00 $22.00 $21.00 $20.00

Jan17

Feb17

Mar17

Apr17

May17

Jun17

Jul17

Aug17

Sep17

Oct17

Nov17

Dec17

Jan18

State

25.82

25.7

25.71

25.94

25.98

25.89

26.23

26.42

26.58

26.83

26.71

27.01

27.3

Urban Honolulu MSA

27.05

26.97

26.77

27.08

27.27

27.23

27.56

27.76

27.9

28.19

28.13

28.55

28.89

Kahului-Wailuku-Lahaina MSA 23.97

23.64

24.36

24.28

23.5

23.73

24.02

23.56

23.79

23.63

22.99

23.55

23.92

Hawaii Wages, Nonfarm Private Sector Payrolls Annual Trend $30.00 $29.00

Average Hourly Earnings Not Seasonally Adjusted

$28.00 $27.00 $26.00 $25.00 $24.00 $23.00 $22.00 $21.00 $20.00 State Urban Honolulu MSA Kahului-Wailuku-Lahaina MSA

Jan-15 24.51

Jan-16 25.14

Jan-17 25.78

Jan-18 27.3

25.71

25.95

27.05

28.89

22.52

23.04

23.97

23.92

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.

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March 2018 Maui Economic Indicators by Lynn Araki-Regan - Issuu