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Katie Bender
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Last week, the Resource Development Council (RDC) hosted its 38th Annual Resources Conference in Anchorage. The event is the chance for leaders from the tourism, fishery, oil and gas, mining, and forestry industries to come together and share highlights and frustrations from the past year and look forward to the... Continue reading
Posted 2 days ago at Alaskanomics
The Alaska Department of Labor & Workforce Development released the latest employment numbers last Friday. The seasonally adjusted unemployment rate remains unchanged in September and is 7.2 percent. Alaska’s not-seasonally adjusted rate grew three-tenths of a percent from August, which is typical as the season work around the state winds... Continue reading
Posted Oct 24, 2017 at Alaskanomics
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Alaska’s seasonally adjusted unemployment rate continues to creep up and was at 7.2 percent in August. This is two-tenths of a percent higher than the rate in July and much higher than the national rate of 4.4 percent. Employment continues to drop and preliminary numbers show a loss of 4,800... Continue reading
Posted Sep 19, 2017 at Alaskanomics
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Alaska’s Department of Labor and Workforce Development has developed a new feature in their monthly Trends magazine. Each issue will contain an expanded set of economic measures that will offer insight into the health of the state’s economy. The economic measures will show how current data compares to the 10-year... Continue reading
Posted Aug 24, 2017 at Alaskanomics
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The seasonally adjusted unemployment rate for July increased two-tenths of a percent to reach 7.0 percent. This is much higher than the national average, which was 4.3 percent last month. Again, the story for employment in Alaska is job loss. An estimated 7,500 jobs were lost from July 2016 to... Continue reading
Posted Aug 18, 2017 at Alaskanomics
Commonwealth North (CWN) has a long standing commitment to a sound state fiscal policy and working to close the large gap between revenue and spending in the state’s budget. With this in mind, CWN has created a Fiscal Policy Study Group, which became the Fiscal Action Coalition. CWN’s Board of... Continue reading
Posted Aug 16, 2017 at Alaskanomics
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Alaska’s Department of Labor & Workforce Development’s July issue of Trends discussed the Cost of Living in Alaska. The article is an annual favorite for Trends readers and shows how the cost of living varies throughout Alaska and compares to the rest of the nation. The news for 2016 was... Continue reading
Posted Aug 10, 2017 at Alaskanomics
Agriculture is addressed on page 12 & 13 under the Objective: Encourage import substitution with the promotion of Alaska made products and Objective: Increase the output and value of Alaska Agriculture.
Alaska’s seasonally adjusted unemployment rate for June rose one-tenth of a percent and sits at 6.8 percent, well above the national average, which is 4.4 percent. While there was an increase in unemployment, perhaps the more telling number is that June employment was down by 5,500 jobs, or 1.6 percent.... Continue reading
Posted Aug 4, 2017 at Alaskanomics
Alaska’s Department of Commerce, Community and Economic Development has been working on an economic strategy and the first draft was recently published. This document is a collaboration of people from across many sectors and areas of the state. It outlines the economic plan for Alaska in the next five years.... Continue reading
Posted Aug 1, 2017 at Alaskanomics
AEDC’s annual 3-Year Outlook Luncheon was held Wednesday and featured a recap of the 2016 employment numbers and a look forward to the next three years. 2016 was a difficult year that saw 3,000 jobs lost in Anchorage. Of note are the industries who stayed flat during 2016. Specifically the... Continue reading
Posted Jul 27, 2017 at Alaskanomics
It took 157 days and two special sessions called by the governor, but the Alaska House and Senate have passed an operating budget for fiscal year 2018. The budget is a compromise of the two bodies that will allow the state to avoid a government shutdown on July 1. While... Continue reading
Posted Jun 23, 2017 at Alaskanomics
Today marks the official anniversary of the completion of the Trans-Alaska Pipeline System (TAPS). 40 years ago today the first oil flowed to Valdez through TAPS. This was the culmination of a three year, $8 billion project that employed approximately 70,000 people during construction. In the past 40 years, more... Continue reading
Posted Jun 20, 2017 at Alaskanomics
Alaska’s Department of Labor and Workforce Development released the Unemployment rate for May this morning. The seasonally adjusted rate remained virtually unchanged and sits at 6.7 percent in May. The National rate is 4.3 percent in the past month. The preliminary employment numbers show a 1.8 percent drop in jobs... Continue reading
Posted Jun 16, 2017 at Alaskanomics
A recent article in Alaska Economic Trends outlines the state of the housing market in Alaska. While the recession has slowed growth in the housing market, it remains healthy. Fewer homes are being built, but sale prices are stable, rising 2.6 percent from 2015 to 2016. Like many things in... Continue reading
Posted May 26, 2017 at Alaskanomics
(This update, provided by the Kenai Peninsula Borough mayor’s office, is part of an ongoing effort to help keep the public informed about the Alaska LNG project.) The Alaska Gasline Development Corp.'s LNG project application and accompanying resource reports are available online at the Kenai Peninsula Borough website:http://www.kpb.us/mayor/lng-project/lng-project-updates/1028-lng-project-application-files-available-online. The state... Continue reading
Posted Apr 26, 2017 at Alaskanomics
The Anchorage Economic Development Corporation (AEDC) hosted its annual Economic Forecast Luncheon on Wednesday. The event is a chance to review the economic situation of the past year and look to the current year and what to expect for the future. Mayor Ethan Berkowitz highlighted a few items that he... Continue reading
Posted Feb 2, 2017 at Alaskanomics
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The Alaska Department of Labor and Workforce Development released the December unemployment rate on Friday. Alaska ended the year with 6.7 percent unemployment, two percentage points higher than the national rate. Preliminary data shows a decline of 7,600 jobs compared to December 2015. Most of the private losses came from... Continue reading
Posted Jan 23, 2017 at Alaskanomics
From the Alaska Department of Labor and Workforce Development JUNEAU, Alaska—Detailed data released today for the first half of 2016 show that job loss in Alaska has spread to most sectors of the economy. Average monthly employment in the first six months of 2016 was down 5,530 jobs, or 1.6... Continue reading
Posted Dec 2, 2016 at Alaskanomics
Earlier this month, the Resource Development Council (RDC) hosted its 37th Annual Resources Conference. It’s the time of year when the resources industries come together to celebrate the accomplishments of the past year and look ahead to the coming year. Conference organizers took a new approach to the sessions with... Continue reading
Posted Nov 28, 2016 at Alaskanomics
As seen in Alaska Business Monthly. By Joe Beedle & Joe Schierhorn Brexit is an abbreviation for “British exit,” referring to the June 23, 2016, referendum whereby British citizens voted to exit the European Union. We would argue that Alaska’s exit or avoidance to deal with fiscal discipline amounts to... Continue reading
Posted Oct 7, 2016 at Alaskanomics
From Larry Persily: All 12 of Alaska LNG’s draft resource reports to the Federal Energy Regulatory Commission are now available on the Kenai Peninsula Borough website, totaling more than 120 files. Click here and select the report. (Some of the files are very large and download time will vary with... Continue reading
Posted Sep 15, 2016 at Alaskanomics
The Anchorage Economic Development Corporation (AEDC) hosted its annual 3-Year-Outlook Luncheon on Wednesday. In recent months, many have expressed concern about the future of the economy in Anchorage. There has been worry that it is a repeat of the crash of the 1980’s and many are wondering if it is... Continue reading
Posted Jul 28, 2016 at Alaskanomics
Governor Walker’s administration released a report of the consequences facing Alaskans as a result of the legislature’s failure to pass a sustainable fiscal plan. From his July 13, 2016 press release, the Governor said: “I thank the 29th Legislature for convening its fifth special legislative session to consider a truly... Continue reading
Posted Jul 13, 2016 at Alaskanomics
The new fiscal year starts on Friday and Governor Walker used his veto powers today to begin to fill the $4 billion hole in the State’s budget. The Governor announced a total of $1.3 billion in vetoes and savings. The single largest amount was the $665 million in the reduction... Continue reading
Posted Jun 29, 2016 at Alaskanomics