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Maui Wildfires Economic Update

How are the Maui fires affecting the economy?
The fires destroyed the vast majority of businesses and jobs in Lahaina.
Across Maui, local businesses are struggling from the lower visitor numbers.
The initial shock has sent the jobless rate surging, and Maui unemployment is forecast to soar above 11% in the fourth quarter._{22 sept. 2023}
What caused the Maui fires 2023?
Hawaiian Electric has acknowledged its downed lines caused the initial fire but has argued in court filings it couldn't be responsible for the later flare-up because its lines had been turned off for hours by the time the fire reignited and spread through the town.
What happened in Maui 2023?
In early August 2023, a series of wildfires broke out in the U.S. state of Hawaii, predominantly on the island of Maui.
The wind-driven fires prompted evacuations, caused widespread damage, killing at least 100 people and leaving four persons missing in the town of Lahaina on Maui's northwest coast.
Since the devastating fires, the number of visitors to Maui has dropped by about three-quarters, impacting businesses and employees all over Maui. "With about $270 daily spending per visitor to Maui, the loss of revenue adds up to more than $13 million per day," Uhero states.

Data released by the US Bureau of Economic Analysis indicated that Hawai'i's economic growth during the first half of 2023 was at 2.4%, higher than the national growth at 2%. But due to the Maui wildfires, the state expects that economic growth for the second half of 2023 will be at 1.4%.

Maui Wildfires Economic Update

How are the Maui fires affecting the economy?

What caused the Maui fires 2023?

What happened in Maui 2023?