Honolulu & Phoenix Employment Outpaces L.A. & S.F.
Employment growth in both Honolulu and Phoenix is outpacing that of Los Angeles and San Francisco, according to the Federal Reserve Bank of San Francisco.
Based on year-to-year gains, analyzed month by month, Honolulu is up 3 percent, and Phoenix is up 4 percent. These figures are in marked contrast to two of the West's greatest urban areas, Los Angeles and San Francisco, each of which is up less than 1 percent.
Positive changes in employment tallies were first noted in summer, 2002 for Honolulu and Phoenix. However, Los Angeles, Long Beach and San Francisco evidenced no turnaround until spring of 2004.
Job growth in Hawaii has spread across all sectors.
Construction employment rose 11.2 percent in Arizona, 9.7 percent in Hawaii and 6.0 percent in California.
Residential construction permits in Hawaii are running 21 percent ahead of last year.
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