Neighbor island economic recovery catching up
Oahu to recover all jobs lost during recession by end of 2013
Oahu continues to lead the state in economic recovery, but the neighbor islands are quickly catching up.
That's according to economists at the University of Hawaii. The UH Economic Research Organization on Friday released its county-by-county forecast that says visitor arrivals in 2013 will see largest gains on the neighbor islands.
Economists caution that labor market recovery has a way to go. Oahu will have recovered all of the jobs lost during the recession by the end of this year. But, it will take Maui until next year to return to pre-recession levels. Kauai and the Big Island will recover by 2015.
UHERO estimates that this year income earned by Oahu residents will grow by 2.4 percent, while neighbor islands will see growth of 4 percent to 4.5 percent.
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