"Don't Expect A Rapid Snapback"

Aloha Kakou:

At Maui's annual economic outlook meeting yesterday, the tone was positive but cautiously so.

Maui's unemployment rate remains at about 8% and local businesses have yet to see the increase in business that has affected the tourism sector.

New construction, while improving on other islands, remains flat on Maui, at least in part to local affordable housing and water ordinances.

Leroy Laney, finance and economics professor at Hawaii Pacific University, said, "Barring unforeseen misfortunes, economic recovery is under way or imminent, but do not expect a rapid snapback."

http://mauinews.com/page/content.detail/id/539990/Economies-improving--but-recovery-is-fragile.html?nav=10