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Beginning of Paper
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Economic Development of Hawaii
Hawaii, with an area of 28,313 sq. km (10,932 sq. mi.), is the
43rd largest state in the U.S.; 6.9% of the land is owned by the
federal government. It consists mainly of the Hawaiian Islands, eight
main islands and 124 islets, reefs, and shoals. The major islands in
order of size a ....
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Middle of Paper
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.... steadily since 1959 and
each currently makes up less than 4% of total jobs in the economy. At
the same time, the shares of jobs in wholesale and retail trade and in
services have risen, standing at about 23% and 28%, respectively.
Since 1991, Hawaii's economy has suffered from rising rates of
unemployment. This stands in marked contrast to the period 1980 to
1993, when the state enjoyed very low unemployment rates relative to
the nation as a whole. But by 1994 the recession had raised Hawaii's
unemployment rate to the national average (6.1%) for th ....
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