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State unemployment rate sinks to 3.0%
Hawaii’s unemployment rate dipped to 3.0% in June, its lowest level in more than three years, and is expected to keep heading lower as the state’s economy strengthens. Read more
Segal came to Honolulu in 1998 from Tokyo where he spent three years with Pacific Stars and Stripes, with his last position there as news editor. Prior to that he was business news editor of the Alameda Newspaper Group, whose flagship paper is the Oakland Tribune; and was assistant sports editor, assistant features editor and assistant business editor at The Sacramento Union. While in Sacramento, Segal wrote a twice-weekly TV/radio column and covered the Oakland A's and San Francisco Giants, including three World Series; as well as college football, college basketball and pro tennis.
Segal graduated from San Diego State University after receiving a Sigma Delta Chi journalism scholarship. He is an avid tennis player, swimmer and sports enthusiast. Segal is married with one daughter and one stepson.
Hawaii’s unemployment rate dipped to 3.0% in June, its lowest level in more than three years, and is expected to keep heading lower as the state’s economy strengthens. Read more
Matson Inc. said shipping demand picked up in the second quarter from the first three months of the year, and expects business to improve through 2023. Read more
Target will hold a grand opening Sunday at Windward Mall in Kaneohe for its fifth store on Oahu and eighth overall in the state. Read more
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Hawaii bankruptcies continue to remain historically low, but local attorneys say the number of monthly filings belie the reality that many consumers are in financial straits. Read more
Oahu homebuyers snapped up properties at a relatively quick pace in June as the housing market cooled from a year ago amid a dip in prices. Read more
Cyanotech Corp., a Kona-based producer of health dietary supplements from microalgae, swung to a loss of $1.4 million in the fourth quarter from a profit of $277,000 in the year-earlier period as sales dropped significantly. Read more
Hawaii’s unemployment rate plunged in May to 3.1% — its lowest level in more than two years — amid continued signs of improvement in the economy. Read more
Hawaii’s housing market appears to be heating up for the spring buying season with the median price for single-family homes climbing above the $1 million threshold again. Read more
The Original Pancake House was among the debtors filing for bankruptcy in May as the number of cases in the state increased for the second straight month. Read more
The state Employees’ Retirement System pension fund is on pace to achieve its seventh positive fiscal-year return in a row. Read more
The reconstruction of the primary runway for arriving aircraft at Daniel K. Inouye International Airport has been completed and was expected to be available for incoming planes as of 6 a.m. today. Read more
Hawaii’s unemployment rate declined to a one-year low of 3.3% in April amid continued signs of improvement in the local labor market. Read more
Hawaiian Airlines, which plans to begin service in early 2024 with its new 300-seat Boeing 787-9 Dreamliner, unveiled Monday the interior of the aircraft and introduced a new class of premium service: the Leihoku Suites. Read more
Barnwell Industries Inc., which derives about three-quarters of its revenue from its oil and natural gas operations, swung to a loss in the second quarter as prices declined for all of its products. Read more
A pilot shortage has been rippling across the United States in the aftermath of the pandemic. Read more
Bankruptcy cases in April hit a monthly high for the year, as rising interest rates and high inflation finally appear to be stretching thin the finances of Hawaii consumers. Read more
Investors continued bailing on Hawaii bank stocks Thursday even as top executives of the publicly traded financial institutions banded together to assure consumers that their deposits are safe. Read more
Maui Land & Pineapple Co.’s loss widened in the first quarter as costs and expenses rose by $918,000 from the year-earlier period due to one-time events associated with the company’s recent leadership transition. Read more
Hawaii auto sales were virtually flat in the first quarter but are expected to accelerate and finish this year up 6.6% as consumers return to the market and dealers stock more vehicles on their lots. Read more
Hawaiian Electric Industries Inc., the holding company for the state’s largest utility and third-largest bank, reported Tuesday that net income fell 20.9% in the first quarter primarily due to nonrecurring items that occurred in the year-earlier period. Read more
Matson Inc. performed better in the first quarter than it projected two weeks ago but still saw its earnings plunge 90% primarily due to lower average freight rates and volume from its China operations. Read more
