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Nov. 17, 2023 No. 23-19 JUNEAU, Alaska — October’s statewide job count was up by 6,500, or 2.1 percent, from October 2022. Health care added 1,400 jobs, with the strongest growth in hospitals. Leisure and hospitality was up by 1,000 jobs over the year, with most growth in restaurants and... Continue reading
Posted Nov 17, 2023 at Alaskanomics
Northrim Investment Services recently hosted events in Anchorage and Fairbanks with information on the market in an election year. Guest speaker Apollo Lupescu, a globally recognized speaker, is vice president at Dimensional Fund Advisors. Lupescu holds a doctorate in economics and finance from UC Santa Barbara. The presentation highlights the... Continue reading
Posted Nov 10, 2023 at Alaskanomics
Oct. 20, 2023 No. 23-14 JUNEAU, Alaska — September’s statewide job count was up by 6,600, or 2.0 percent, from September 2022. With the record cruise ship season, leisure and hospitality employment was up 1,400 from last September. Health care also added 1,400 jobs, with the strongest growth in hospitals.... Continue reading
Posted Oct 21, 2023 at Alaskanomics
Sept. 15, 2023 No. 23-13 JUNEAU, Alaska — August’s statewide job count was up by 4,800, or 1.4 percent, from August 2022. Leisure and hospitality added 2,000 jobs over the year amid a record season for cruise ship visitors. Health care added 900 jobs followed by construction (600), oil and... Continue reading
Posted Sep 19, 2023 at Alaskanomics
August 18, 2023 No. 23-11 JUNEAU, Alaska — July’s statewide job count was up by 3,600, or 1.0 percent, from July 2022. Leisure and hospitality added 2,100 jobs over the year, benefitting from a record-setting number of cruise ship visitors. Health care added 600 jobs, followed by oil and gas... Continue reading
Posted Aug 18, 2023 at Alaskanomics
The Anchorage Economic Development Corporation (AEDC) hosted its annual 3-Year Outlook luncheon on Wednesday. The event featured updates from the AEDC board and staff, Mayor Bronson and Keynote speaker Mick Cornett. As it was in 2022, the tone was optimistic. There are definite bright spots in the Anchorage economy even... Continue reading
Posted Aug 3, 2023 at Alaskanomics
July 21, 2023 No. 23-10 JUNEAU, Alaska — June’s statewide job count was up by 6,400, or 1.9 percent, from June 2022. Leisure and hospitality added 2,200 jobs over the year and exceeded pre-pandemic employment as the visitor season moved into full swing. The cruise industry anticipates a record 1.6... Continue reading
Posted Jul 21, 2023 at Alaskanomics
June 16, 2023 No. 23-9 JUNEAU, Alaska — May’s job count was up by 5,800, or 1.8 percent, from May 2022. Most Alaska industries grew or remained flat over the year, with two exceptions: manufacturing (-500 jobs over the year) and information (-100). Manufacturing employment, which is mostly seafood processing... Continue reading
Posted Jun 16, 2023 at Alaskanomics
Ambassador David Balton serves as the executive director of the Arctic Executive Steering Committee for the Biden Administration. He recently addressed Commonwealth North regarding the development of an implementation plan for the National Strategy for the Arctic region. While the plan is still under development, Balton addresses the pillars of... Continue reading
Posted Jun 1, 2023 at Alaskanomics
May 19, 2023 No. 23-8 JUNEAU, Alaska — April’s job count was up by 6,100, or 2.0 percent, from April 2022. All Alaska industries grew or remained flat over the year. The two sectors that gained the most jobs were the two hit hardest by pandemic losses. Leisure and hospitality... Continue reading
Posted May 19, 2023 at Alaskanomics
April 21, 2023 No. 23-7 JUNEAU, Alaska — March’s job count was up 2.3 percent from last March, an increase of 7,000. All Alaska industries grew over the year except Information, which was flat. Gains were largest in leisure and hospitality (+2,000) and transportation, warehousing and utilities (+1,400), both of... Continue reading
Posted Apr 24, 2023 at Alaskanomics
March 24, 2023 No. 23-5 JUNEAU, Alaska — February’s job count was up 2.5 percent from February 2022, an increase of 7,700 jobs. Nearly all industries recorded growth. Gains were largest in transportation, warehousing and utilities (+2,300), leisure and hospitality (+2,100), and professional and business services (+700). Transportation, responsible for... Continue reading
Posted Mar 29, 2023 at Alaskanomics
Using data and reports from its 2023 Economic Forecast, the Anchorage Economic Development Corporation created this video series examining the variables and trends influencing Anchorage’s economic sectors. Continue reading
Posted Mar 1, 2023 at Alaskanomics
Jan. 20, 2023 No. 23-2 JUNEAU, Alaska — December’s job count was up 2.1 percent from December 2021, an increase of 6,400 jobs. Nearly all industries recorded growth, but most remained below pre-pandemic levels. Overall, Alaska had 4,900 fewer jobs than in December 2019. Over-the-year gains were largest in leisure... Continue reading
Posted Jan 23, 2023 at Alaskanomics
Dec. 16, 2022 No. 22-24 JUNEAU, Alaska — November’s job count was up 1.7 percent from last November, an increase of 5,200 jobs. Nearly all industries recorded growth, but most remained below pre-pandemic levels. Overall, Alaska had 7,600 fewer jobs than in November 2019. Alaska’s economy is the most seasonal... Continue reading
Posted Dec 27, 2022 at Alaskanomics
The 2022 edition of the Juneau & Southeast Alaska Economic Indicators report was developed by the Juneau Economic Development Council (JEDC), with the support of the City and Borough of Juneau and corporate partners, including Northrim Bank. The report includes a detailed snapshot of Juneau and Southeast Alaska along with... Continue reading
Posted Dec 9, 2022 at Alaskanomics
Nov. 18, 2022 No. 22-22 JUNEAU, Alaska — October’s job count was 2.0 percent above October 2021, a gain of 6,100 jobs. Most industries were up over the year but remained below 2019 levels. Overall, Alaska was down 10,800 jobs from the October before the pandemic began. Although Alaska had... Continue reading
Posted Nov 21, 2022 at Alaskanomics
By Tim Bradner Commercial property owners have a new tool to finance rehabilitation of older properties and to build money-saving energy conservation features into new construction. It’s called Commercial Property Assessed Clean Energy, or C-PACE, and it allows certain types of property improvements to be financed with payments made as... Continue reading
Posted Nov 8, 2022 at Alaskanomics
Oct. 21, 2022 No. 22-19 JUNEAU, Alaska - September employment was up 3.0 percent compared to September of 2021, an increase of 9,500 jobs. Alaska's economy continues to recover from pandemic losses but remains 13,300 below where we were in September 2019. Nearly all sectors grew over the year, although... Continue reading
Posted Oct 21, 2022 at Alaskanomics
Sept. 16, 2022 No. 22-13 JUNEAU, Alaska — Alaska’s August job count was up 3.1 percent from August 2021, an increase of 10,200. Over-the-year growth has been consistently in the 2-to-3 percent range so far in 2022, although total employment remains well below pre-pandemic levels. Nearly all sectors were up... Continue reading
Posted Sep 21, 2022 at Alaskanomics
Destination development expert Roger Brooks was the keynote speaker at the recent AEDC 2022 3-Year Outlook Luncheon. At the luncheon, Brooks delivered a brief overview of how Anchorage could be made more attractive to visitors and potential workers. He went into more detail at a follow up event, the recording... Continue reading
Posted Aug 29, 2022 at Alaskanomics
Aug. 19, 2022 No. 22-12 JUNEAU, Alaska — July job numbers were 3.0 percent above July 2021, an increase of 9,900 jobs with a more typical tourism season and the return of large cruise ships. Overall, the state’s job count remained 14,100 below July 2019. Over-the-year growth was strongest in... Continue reading
Posted Aug 19, 2022 at Alaskanomics
The Anchorage Economic Development Corporation (AEDC) hosted its annual 3-Year Outlook luncheon on Wednesday. The event was in-person and featured updates from Mayor Bronson, UA President Pat Pitney, AEDC President and CEO Bill Popp, and Keynote speaker Roger Brooks. The tone of this year’s event was more optimistic than pervious... Continue reading
Posted Aug 5, 2022 at Alaskanomics
Northrim Bank was a proud sponsor of Commonwealth North’s presentation of the 16th Annual Report to Alaska Shareholders - Alaska Assets 2022. The program details the financial performance of Alaska and its natural resources, financial and enterprise assets in fiscal year 2021 and features speakers: Mead Treadwell, former Alaska Lieutenant... Continue reading
Posted Jun 22, 2022 at Alaskanomics
JUNEAU, Alaska — March’s job count was 2.3 percent higher than March 2021, an increase of 6,800 jobs but still 11,900 below the same month in 2019, the year before the pandemic started. The leisure and hospitality sector had 2,700 more jobs than last March but 2,800 fewer than March... Continue reading
Posted Jun 21, 2022 at Alaskanomics