{"id":126881,"date":"2020-09-11T14:09:13","date_gmt":"2020-09-12T00:09:13","guid":{"rendered":"https:\/\/www.hawaii.edu\/news\/?p=126881"},"modified":"2020-09-11T14:09:13","modified_gmt":"2020-09-12T00:09:13","slug":"tool-tracks-hawaii-economy","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2020\/09\/11\/tool-tracks-hawaii-economy\/","title":{"rendered":"New UHERO<\/abbr> tool tracks pulse of Hawai\u02bbi\u2019s economy"},"content":{"rendered":"Reading time: <\/span> < 1<\/span> minute<\/span><\/span>

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The University of Â鶹´«Ã½<\/span> Economic Research Organization<\/a> (UHERO<\/abbr>) in UH<\/abbr> M\u0101noa\u2019s College of Social Sciences<\/a> has launched a new tool that captures the state\u2019s evolving economic landscape during COVID-19.<\/p>\n

The UHERO<\/abbr> Economic Pulse index<\/a> considers 18 factors, such as the number of deplaning passengers in Â鶹´«Ã½<\/span>, percentage of businesses open relative to January 2020, continuing claims of unemployment insurance benefits and average level of job postings relative to January 4–31, 2020.<\/p>\n

The UHERO<\/abbr> Economic Pulse index suggests that after experiencing a dramatic drop when the COVID-19 pandemic hit in March 2020, Â鶹´«Ã½<\/span> began a slow recovery process, which faltered again in mid-July just after the expiration of the Paycheck Protection Program and an increased number of COVID-19 cases.<\/p>\n

UHERO<\/abbr> said the timely information provided by a variety of sources used to calculate the index is essential for businesses and public leaders to make the best possible policy decisions for the state.<\/p>\n

Read more on UHERO<\/abbr>\u2019s website<\/a>.<\/p>\n