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FOR IMMEDIATE RELEASE                                     May 31, 2007

Release No. 57-07

 

HONOLULU RANKED NO. 8 FOR JOB GROWTH

 

            Honolulu ranks No. 8 among large American cities in information and transportation employment growth, according to a new survey by Inc. magazine.

            The magazine examined published statistical information regarding the robustness of  employment growth nationwide.  In the categories of information and transportation, Honolulu is now ranked No. 8, up from 26 last year. That move earned it Inc.’s title of “Biggest Mover.”              Honolulu was regarded last year as a midsize city (150,000 to 450,000 jobs) but has now been classified a large-size city (job base of a least 450,000 jobs), because of that growth.  

Ranking for the study was calculated by using the Federal Bureau of Labor Statistics reports on employment data and the North American Industry Classification System, analyzing prior year and current year’s employment growth rates; midterm growth: average annual 2001-2006 growth rate; long-term trend since 1995, and current year growth. 

“This is great recognition for Honolulu,” said Mayor Mufi Hannemann.  “The ranking confirms that we’re on the right track with our efforts to improve Honolulu’s economy, and I’ve always said, as Honolulu goes, so goes the state of Hawaii.

“This recognition also shows how important information and transportation have become to the everyday working people of Honolulu in the 21st century.”   

Complete results of the Inc. magazine rankings are available in the April 2007 edition.           

 

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Contact:

            Mark Scalzone, Mayor’s Office of Economic Development, 523-4933

 

 

Thursday, May 31, 2007

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