Jobless in Paradise Hawaii's economy has changed drastically since statehood. In 1958, defense, sugar, and pineapple were the primary economic activities, accounting for 40% of Gross State Product (GSP). In contrast, visitor-related expenditures stood at just over 4% of Hawaii's GSP prior to statehood. Today the positions are reversed; sugar and pineapple constitute about 1% of GSP, defense accounts for just under 11%, while visitor-related spending comes close to 24% of Hawaii's GSP (Channel). The movement toward a service- and trade-based …
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showed last 75 words of 1092 total
…-1.1 Japanese labor earnings 2.4 LEADING ECONOMIC INDICATOR (LEI) 100% Work Cited Tourism, Department of Business, Economic Development and. "Quarterly Statistical & Economic Report." (June 2002): 19 August 2002. <http://www.hawaii.gov/dbedt/qser/0602/state.html> TheHawaiiChannel.com. "Hawaii Unemployment Dips Slightly." (April 2002): 19 August 2002. <http://www.thehawaiichannel.com/hon/money/stories/money-140928020020419-200459.html> News, Pacific Business. "Hawaii unemployment picture may be improving." (May 2002): 19 August 2002 <http://pacific.bizjournals.com/pacific/stories/2002/05/20/ daily14.html>