Jobless in Paradise Hawaii's economy has changed drastically since statehood.
Date Submitted: 09/12/2000 18:25:47
Category: / Business & Economy / Economics
Length: 4 pages (1092 words)
Category: / Business & Economy / Economics
Length: 4 pages (1092 words)
Jobless in Paradise
Hawaii's economy has changed drastically since statehood. In 1958, defense, sugar, and pineapple were the primary economic activities, accounting for 40% of Gross State Product (GSP). In contrast, visitor-related expenditures stood at just over 4% of Hawaii's GSP prior to statehood. Today the positions are reversed; sugar and pineapple constitute about 1% of GSP, defense accounts for just under 11%, while visitor-related spending comes close to 24% of Hawaii's GSP (Channel).
The movement toward a service- and trade-based …
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…-1.1
Japanese labor earnings
2.4
LEADING ECONOMIC INDICATOR (LEI)
100%
Work Cited
Tourism, Department of Business, Economic Development and. "Quarterly Statistical & Economic Report." (June 2002): 19 August 2002. <http://www.hawaii.gov/dbedt/qser/0602/state.html>
TheHawaiiChannel.com. "Hawaii Unemployment Dips Slightly." (April 2002): 19 August 2002. <http://www.thehawaiichannel.com/hon/money/stories/money-140928020020419-200459.html>
News, Pacific Business. "Hawaii unemployment picture may be improving." (May 2002): 19 August 2002 <http://pacific.bizjournals.com/pacific/stories/2002/05/20/
daily14.html>
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