Despite having one of the nation's lowest unemployment rates, Hawaii has seen its economy grow for 11 straight years. Growth is expected into 2008 but at a less vigorous pace than this year. The possible culprits? Weak real estate and slow tourism.

But according to Leroy Laney, consultant for First Hawaiian Bank and professor at Hawaii Pacific University, "the state's unemployment rate is expected to grow. And it may be job-growth that will slow down due to another culprit: the construction industry."

Unfortunately, this slow growth is expected to last for several years.

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