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Mr. Gary Hiles

Mr. Gary Hiles. Chief Economist, Department of Labor Government of Guam. Presentation Topics. Guam Employment, Unemployment & a brief summary of the Economy Past and Future. Total Guam Employment. Guam Unemployment History. Guam Unemployment History 1985-2011. Unemployment History Table.

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Mr. Gary Hiles

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  1. Mr. Gary Hiles Chief Economist, Department of Labor Government of Guam

  2. Presentation Topics • Guam Employment, Unemployment & a brief summary of the Economy Past and Future

  3. Total Guam Employment

  4. Guam Unemployment History • Guam Unemployment History 1985-2011

  5. Unemployment History Table

  6. Average Hours Worked

  7. Guam Labor Availability • Employed • Unemployed • Not in the Labor Force • Higher Labor Productivity – Hotels, Banking, Retail with Volume & Technology • Unlike the late 1980’s & early 1990s’ Visitor industry construction was followed by Hotel and related visitor employment.

  8. Job Openings – In a Dynamic Labor Market • Job Openings from New Jobs • Job Openings from Separations/Retirement • Job Openings from Promotions

  9. Employment & Unemployment

  10. Total Employment & Construction

  11. Employment by Sector & Industry

  12. Employment by Occupation

  13. Economic OutlookAppropriations

  14. Economic Outlook Building Permits & Construction Contracts

  15. Construction Projects Timeline

  16. List of Active Major Construction Projects on Guam by Start Date as of March 2012 2008 2009 2010 2011 2012 2013 2014 Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Nov Dec Bayview Hotel, Phase V ($60M) Younex Emerald Ocean View Park ($100M) Under Construction - halted indefinitely Route 11 Shore Protection ($5M) Repair, sustainment, restoration and modernization of the waterfront facilities at Sumay Cove ($19M) Construction of New Naval Hospital ($158M) Replacement of military working dog facility at Apra Harbor, Naval Base Guam ($7M) Apra Harbor Wharf Improvements at Naval Base, Guam ($86M) Route 4 Resurfacing & Widening (Ylig Bridge to Pago Bay) ($6M) Ylig Bridge Replacement ($8M) Route 17 Rehabilitation and Widening ($6M) Marine Aviation Complex North Ramp Utilities (Phase 1) ($22M) Planned April 2011 Award delayed unknown Construction of aircraft parking apron at AAFB ($73M) Construction of water and wastewater utility services to North Ramp Area of AAFB ($9M) Marine Aviation Complex North Ramp Aircraft Parking (Phase 1) ($89M) Construction of a combat communications operations facility at AAFB ($7M) Construction of a Commando Warrior open bay student barracks at AAFB ($8M) Construction of rapid engineer deployable heavy op repair sqd HQ/engineering facility at AAFB ($7M) Indefinite contract for painting construction services at gorvernment shore-based facilities in Guam ($30M) Indefinite-contract paving construction services at government shore-based facilities in Guam ($75M) Route 11 Improvements and Traffic Enforcement Screening Station ($15M) Guam Regional Medical Center ($250M) Apra Harbor Waterfront Headquarters ($25M) Apra Harbor Medical Clinic ($96M) JFY 2010 Japan Appropriation Marine Base Utilities and Site Improvements (Phase 1) ($321M) JFY 2009 Japan Appropriation Agana Bridge Replacement ($16M) Finegayan Fire Station ($25M) JFY 2010 Japan Appropriation Marine Base Utilities and Site Improvements (Phase 2) ($309M) Construction Timeframe with Japan Mizumi Projects

  17. Deficit Reduction • The Joint Select Committee on Deficit Reduction, referred to as the Super committee, created by the Budget Control Act of 2011, came to the conclusion that it was not possible for them to make any bipartisan agreement on cutting the federal deficit, thus triggering the law’s requirement for automatic federal budget cuts in FY 2013. The deficit reduction measures will be split between the national security and domestic arenas. President Obama stated that he will veto any attempt by Congress to cancel the automatic sequester.

  18. Tourism • To promote a strategy to increase tourists coming to the United States, President Obama directed the State Department in January 2012 to accelerate its ability to process visas by 40 percent in China and Brazil this year. It is estimated that there are 50 million outbound travelers from Mainland China every year. In a special briefing by the U.S. Department of State, it was indicated that the United States issued more than one million U.S. visas for Chinese applicants during Fiscal Year 2011 which represents a 34 percent increase over last year. The goal is to expand capacity to adjudicate more than 2.2 million visas by 2013; over the next year 50 more processing staff positions will be added in China. Visas are issued to nearly 90 percent of all Chinese applicants. The number of Guam arrivals from Mainland China in CY 2011 was 7,068 without a visa waiver in effect.

  19. Summary • The Guam economy is anticipated to be characterized by continuing stability for FY 2013 without major expansion or contraction. There is the potential for modest expansion as well as exposure to risks which could impair economic performance. One risk is increasing oil prices. • The intermediate term outlook is primarily contingent on the resolution of buildup issues. • Long term outlook could include tourism expansion for China visitors.

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