Monday, July 16, 2012

Do you know UHERO?

It stands for University of Hawaii Economic Research Organization.  You can get its bi-weekly research and analysis update.  The latest update was full of contradictory information:  one article said  "Another Weak Employment Report - Still Waiting on the Fed," another said, "Unemployment Numbers Unchanged (in Hawaii)."  So how in the world can the Hawaii Tourism Authority tell us that US visitor arrivals were up 8% in May from last May, and Japan arrivals were up 8% in April from last April and arrivals from the rest of the world grew by 16%?

How can we have that much growth (?) and still have flat employment?    The people in our communities are rightly concerned about the economy and its impact on tourism, so these contradictory statements are not helpful for UHERO's credibility.

I wrote to UHERO and asked them for an explanation.  Until it comes (and don't hold your breath) read with a skeptical mind.

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