Job fair attendees encouraged by economic report

By Pete Caggiano, pcaggiano@kitv.com
Published On: May 14 2014 08:23:36 PM HST
Updated On: May 14 2014 08:43:54 PM HST

State economists report a mostly-positive economic outlook and job seekers share their employment concerns at the Workforce 2014 job fair.

Over 3,300 people attended this year’s Workforce 2014 Job Fair Wednesday at the Blaisdell Center.  Some were unemployed, while some were looking for a second or even third job. 

Click here to watch Pete Caggiano's story.

“I’m looking for a job because I just finished my other job.  I’m looking around for anything that fits my personality and what I want,” said Irrianny Abara. 

Attendees were encouraged by the second quarter economic report released today by the state.  The report indicated that construction was up, with the value of construction building permits increasing by 21 percent for the quarter.  Unemployment is down to 4.5 percent, which is the sixth lowest in the nation and expected to decrease to 4.2 percent by the end of the year. 

It’s not all positive news, however, as tourism is down.  Visitor arrivals fell by 3.2 percent and visitor spending was down 3.1 percent for the quarter.  

State economists believe the tourism number will improve but overall the data indicates a shift toward construction. 

Economic growth is expected to be within the 2. 4 percent for 2014.  Future growth predictions are at 2.2 percent.

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