Honolulu Area Economic Summary Updated September 07, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.

Unemployment rates for the nation and selected Average weekly wages for all industries by county areas Honolulu area, first quarter 2021 (U.S. = $1,289; Area = $1,147) Unemployment rates

10.5 United States 5.7

14.2 Hawaii 6.9

12.1 Honolulu 6.2

0.0 5.0 10.0 15.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.

Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector

Change from Jul. 12-month percent changes in employment Honolulu employment Jul. 2021 2020 to Jul. 2021 15.0 (number in thousands) Number Percent 10.0 Total nonfarm 423.7 35.1 9.0 5.0 Mining, logging, and construction 28.0 2.0 7.7 0.0 Manufacturing 9.0 0.0 0.0 -5.0 Trade, transportation, and utilities 74.4 5.6 8.1 -10.0 Information 5.4 0.2 3.8 Financial activities 22.2 0.9 4.2 -15.0 Professional and business services 56.4 6.3 12.6 -20.0 Education and health services 60.9 0.2 0.3 -25.0 Leisure and hospitality 62.0 22.4 56.6 Jul-18 Jul-19 Jul-20 Jul-21 Other services 17.2 -0.3 -1.7 Honolulu United States Government 88.2 -2.2 -2.4 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide

12-month percent change in CPI-U, July 2021 12-month percent changes in PPI 35.0 25.0 28.8 20.0 30.0 15.0 23.8 10.0 25.0 5.0 0.0 20.0 -5.0 15.0 -10.0 -15.0 10.0 -20.0 5.4 -25.0 4.6 3.4 5.0 1.2 Jul-18 Jul-19 Jul-20 Jul-21 General freight trucking 0.0 All items Food Energy Hospitals Honolulu U.S. city average Hotels (exc casino hotels) and motels Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.

Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories United Occupation Honolulu States Average annual expenditures, United States and All occupations $29.17 $27.07 Honolulu, 2018-19 100% $8,159 $11,144 Registered nurses 51.33 38.47 80% $4,233 $7,628 $5,081 $7,230 Electricians 38.38 29.59 60% $11,969 $8,047 40% $8,403 $10,507 Chefs and head cooks 35.75 28.24 20% $23,089 $20,386 0% Accountants and auditors 31.74 39.26 Honolulu United States All other items Healthcare Hotel, motel, and resort desk clerks 23.56 12.93 Personal insurance & pensions Food Transportation Dancers 16.78 25.08 Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.

Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, West census United March 2021 region States 4.5 Total compensation $40.60 $36.64 4.0 Wages and salaries 28.59 25.80 3.5 Total benefits 12.01 10.83 3.0 Paid leave 3.09 2.72 2.5 Vacation 1.56 1.39 2.0 Supplemental pay 1.29 1.27 1.5 Insurance 3.14 2.83 1.0 0.5 Retirement and savings 1.34 1.25 0.0 Legally required benefits 3.16 2.77 Jun-18 Jun-19 Jun-20 Jun-21 West census region United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.

Western Information Office • [email protected] • https://www.bls.gov/regions/west • 415-625-2270