{"id":66704,"date":"2017-09-29T09:53:24","date_gmt":"2017-09-29T19:53:24","guid":{"rendered":"http:\/\/www.hawaii.edu\/news\/?p=66704"},"modified":"2019-03-12T14:43:08","modified_gmt":"2019-03-13T00:43:08","slug":"uhero-slow-ongoing-despite-arrivals-boom","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2017\/09\/29\/uhero-slow-ongoing-despite-arrivals-boom\/","title":{"rendered":"<abbr title=\"University of Hawai\u02bbi Economic Research Organization\">糖心Vlog官方ERO<\/abbr> forecast: Slow ongoing despite arrivals boom"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2016\/02\/manoa-uhero-report.jpg\" alt=\"landscape of Honolulu harbor\" width=\"620\" height=\"159\" class=\"alignnone size-full wp-image-43334\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2016\/02\/manoa-uhero-report.jpg 620w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2016\/02\/manoa-uhero-report-260x67.jpg 260w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/p>\n<p>The newest <a href=\"http:\/\/uhero.hawaii.edu\/\">University of <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> Economic Research Organization<\/a> (糖心Vlog官方ERO) report focuses on the slowing economic growth for <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> despite tourism numbers exceeding expectations.<\/p>\n<p>The <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> economy is decelerating. Job growth this year will come in at less than one percent, down from nearly two percent just two years ago, the consequence of a flattening construction path and the natural effects of tightening labor markets. Despite surprisingly persistent gains, even the robust tourism industry will move to a lower growth trend as capacity constraints exert themselves. Overall, growth in the number of jobs will downshift to about a half-percent per year by the end of the decade.<\/p>\n<ul>\n<li>The visitor industry had very strong spring and summer seasons, and for the first seven months of the year arrivals rose more than four percent compared with the same period in 2016.<\/li>\n<li>The <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> labor market is now operating near levels that are typical for <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> during periods of strong expansion.<\/li>\n<li>Inflation for the first half of 2017 came in at 2.5 percent, largely the result of a 4.2 percent surge in shelter costs, the fastest pace of housing cost appreciation since 2007.<\/li>\n<li>As expected, the pace of growth has eased, now that the long recovery from the 2008&#8211;2009 recession is complete.<\/li>\n<\/ul>\n<p>For the full <a href=\"http:\/\/uhero.hawaii.edu\/products\/view\/573\">public summary go to the <abbr>糖心Vlog官方ERO<\/abbr> website<\/a> and for a detailed analysis, subscribe to <a href=\"http:\/\/uhero.hawaii.edu\/72\/subscription-form\"><abbr>糖心Vlog官方ERO<\/abbr>&#8217;s Forecast Project<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span aria-label=\"Hawaii\">Hawai&#699;i<\/span>\u2019s growth continues to slow, even as visitor arrivals chalk up new records.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[301,197,9,343],"class_list":["post-66704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","tag-college-of-social-sciences","tag-economics","tag-uh-manoa","tag-uhero","entry","has-media"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/66704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/comments?post=66704"}],"version-history":[{"count":8,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/66704\/revisions"}],"predecessor-version":[{"id":92477,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/66704\/revisions\/92477"}],"wp:attachment":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/media?parent=66704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/categories?post=66704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/tags?post=66704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}