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Katie Bender
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With data gathered by Alaska’s Department of Labor and Workforce Development, it is clear that the percentage of Alaskan workers over the age of 55 is growing. Alaska doesn’t have as many senior citizens as other states, but the population of 65-plus is growing faster than any other part of... Continue reading
Posted 7 days ago at Alaskanomics
April unemployment numbers were released by the Alaska Department of Labor and Workforce Development and are unchanged from the prior month. Preliminary numbers show that employment was down 1,200 jobs, which is about 0.4 percent. The three industries with the largest declines in April were retail (-600), oil and gas... Continue reading
Posted Jun 4, 2018 at Alaskanomics
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There has been a lot of discussion around the retail industry in Alaska the past few months, as reported in the Department of Labor’s Alaska Economic Trends April edition. Retailers who have had recent closures include Toys R’ Us, Sam’s Club, and Sears. The stores employed approximately 500 people throughout... Continue reading
Posted May 23, 2018 at Alaskanomics
The State of Alaska’s Department of Labor and Workforce Development released employment numbers for March. Total employment was down an estimated 0.8 percent from March 2018 to March 2017. This is a loss of approximately 2,600 jobs. The highest percentage of lost jobs came from the oil and gas industry.... Continue reading
Posted May 3, 2018 at Alaskanomics
The Alaska Department of Labor and Workforce Development recently released information about Alaska’s wages in Q3 of 2017. The details show that wages were down 3.6 percent from the same period in 2016. Total wages, which are not adjusted for inflation, have been on the decline since Q1 2016. The... Continue reading
Posted Mar 8, 2018 at Alaskanomics
The Alaska Department of Labor and Workforce development predicts that there will be more lost jobs in 2018, but the decline will not be as large as the past two years. Employment is predicted to decline 0.5% as compared to 1.1 percent and 1.9 percent in 2017 and 2016, respectively.... Continue reading
Posted Feb 21, 2018 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. AEDC President & CEO Bill Popp gave the Anchorage... Continue reading
Posted Feb 2, 2018 at Alaskanomics
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Alaskans love their beer, especially local, Alaskan beer. In 2017, there were 35 breweries throughout the state, up from 14 in 2007. While overall consumption is down, consumption of local, craft beer increased 35 percent since 2013. Alaska ranks number 3 among states for gallons consumed per capita (for adults... Continue reading
Posted Dec 22, 2017 at Alaskanomics
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Alaska’s commercial fishing industry is very important to the health of Alaska’s economy. The industry has seen a decrease in jobs for the past two years. Even with the decreases the past two years, employment is still above the historic average. The preliminary numbers for 2017 look good, and suggest... Continue reading
Posted Dec 12, 2017 at Alaskanomics
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In a recent issue of Trends, the Alaska Department of Labor and Workforce Development highlighted the growth in the Mat-Su economy. The borough has seen a large increase in population, while the state saw a modest growth. Since 2010, population in the Mat-Su has grown by 15 percent, which is... Continue reading
Posted Dec 7, 2017 at Alaskanomics
The Department of Labor and Workforce Development released its October employment numbers earlier this month. Alaska’s seasonally adjusted unemployment rate remains unchanged from August and September and sits at 7.2 percent. The not-seasonally adjusted rate was 6.7 percent, one-tenth of a percent higher than September. Most boroughs and census areas... Continue reading
Posted Nov 27, 2017 at Alaskanomics
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 Nov 20, 2017 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