#federal worker Hawaii
UHERO forecast: Federal cuts raise risk of Hawaiʻi economic downturn
The clearest near-term risk is federal layoffs, which could result in a loss of more than 2,000 local jobs, fully offsetting growth in construction and the lift from local tax cuts. Together with other federal policies, this places the Hawaiʻi economy at risk of recession over the next few years, UHERO reports.
Sen. Schatz introduces FAIR Act to give federal workers a 7.4% raise in 2025
US Sen. Brian Schatz of Hawaiʻi joined in introducing the Federal Adjustment of Income Rates or FAIR Act, a bill that would provide federal employees with a 7.4% pay increase in calendar year 2025. Schatz previously introduced similar legislation in the 115th, 116th, and 117th Congresses.
