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Alaskanomics
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March 25, 2022 No. 22-5 JUNEAU, Alaska — February’s job count was 2.4 percent higher than February 2021, an increase of 7,100 jobs but still 13,500 below the same month in 2020, just before the pandemic began. The leisure and hospitality sector had 2,600 more jobs than last February but... Continue reading
Posted Mar 29, 2022 at Alaskanomics
Jan. 21, 2022 No. 22-2 JUNEAU, Alaska — December’s job count was 2.7 percent higher than December 2020, an increase of 8,000 jobs but still 12,400 below the same month in 2019. The leisure and hospitality sector had 3,300 more jobs than last December and 4,500 fewer than December 2019.... Continue reading
Posted Jan 24, 2022 at Alaskanomics
Jan. 6, 2022 No. 22-1 JUNEAU, Alaska — Alaska’s population increased by 932 people — 0.1 percent — from April 2020 to July 2021, based on population estimates released today by the Alaska Department of Labor and Workforce Development. This was the first increase since 2016. Despite slight overall growth,... Continue reading
Posted Jan 10, 2022 at Alaskanomics
By Tim Bradner There is an overlooking strength in Alaska’s economy. It is the surprising durability of the state’s rural communities, even small and remote villages. Data from the 2020 census is now being pored through by demographers and economists and it showed that the vast majority of rural villages... Continue reading
Posted Dec 31, 2021 at Alaskanomics
Dec. 17, 2021 No. 21-36 JUNEAU, Alaska — November’s job count was 2.4 percent above November 2020, an increase of 7,200 jobs but still 13,100 below the same month in 2019. Leisure and hospitality employment was up 3,200 from last November but down 3,700 from November 2019. The trade, transportation... Continue reading
Posted Dec 17, 2021 at Alaskanomics
Nov. 19, 2021 No. 21-33 JUNEAU, Alaska — October’s job count was 2.8 percent above October 2020, an increase of 8,500 jobs but still 15,800 below October 2019. Leisure and hospitality added 2,900 jobs compared to last October but remained 5,500 below the same month in 2019. The trade, transportation... Continue reading
Posted Dec 2, 2021 at Alaskanomics
Oct. 22, 2021 No. 21-31 JUNEAU, Alaska — September's job count was 3.8 percent above September 2020, an increase of 11,600 but still 25,500 jobs below September 2019 levels. Industries hit hardest by COVID-19 grew the most, although few have regained pre-pandemic job levels. Leisure and hospitality added 4,700 jobs... Continue reading
Posted Oct 22, 2021 at Alaskanomics
September 17, 2021 No. 21-25 JUNEAU, Alaska — August’s job count was up 4.4 percent from August 2020, an increase of 13,600 but still 29,700 below August 2019 levels. Industries hit hardest last year recorded the strongest gains, although few have recovered their pre-pandemic job levels. Leisure and hospitality added... Continue reading
Posted Sep 23, 2021 at Alaskanomics
August 20, 2021 No. 21-24 JUNEAU, Alaska — July’s job count was up 5.8 percent from July 2020, an increase of 17,700 but still 30,100 below July 2019 levels. Industries hit hardest last year grew the most, although few have reached their pre-pandemic employment levels. Leisure and hospitality was up... Continue reading
Posted Aug 31, 2021 at Alaskanomics
July 16, 2021 No. 21-22 JUNEAU, Alaska — June’s job count was up 5.6 percent from June 2020, an increase of 17,000 but still 30,600 below June 2019 levels. Nearly all industries’ employment was higher than June of last year, with the industries hardest-hit in 2020 recording the largest gains.... Continue reading
Posted Aug 9, 2021 at Alaskanomics
Alaska’s Permanent Fund has a structural problem. Left untended, it could put the Fund in jeopardy. The Fund’s trustees have warned about this for two decades. The state’s political leaders haven’t paid attention. Preoccupied with the Permanent Fund Dividend, there has been almost no attention paid to the deeper problem.... Continue reading
Posted Jun 25, 2021 at Alaskanomics
June 18, 2021 No. 21-19 JUNEAU, Alaska — May’s job count was up 5.7 percent from May 2020, an increase of 16,500 but still 29,600 below May 2019 levels. Nearly all industries’ job counts were up over May 2020, with the industries hardest hit last year showing the largest gains.... Continue reading
Posted Jun 24, 2021 at Alaskanomics
Please visit our Resources page to watch the 2021 Economic Update with Northrim Bank Executives - Joe Schierhorn, Mark Edwards and Mike Huston. Both the video and a copy of the PowerPoint presentation are located on the Resources tab. Continue reading
Posted May 26, 2021 at Alaskanomics
May 21, 2021 No. 21-18 JUNEAU, Alaska — April’s job count was up 6.9 percent from April of 2020, an increase of 19,100 but still 25,200 below April 2019 levels. April’s numbers are significant because they mark the first time the year-ago comparisons are to a month that had COVID-related... Continue reading
Posted May 24, 2021 at Alaskanomics
April 16, 2021 No. 21-12 JUNEAU, Alaska — Alaska’s March employment was down 6.9 percent from March 2020 — a loss of 21,900 jobs — as the pandemic continued to keep job counts well below year-ago levels. March data marks the last time we can compare a current month to... Continue reading
Posted Apr 19, 2021 at Alaskanomics
The Anchorage Economic Development Corporation has released the 2020 Q4 Cost of Living Index Report. Nationally, Anchorage is the 21st most expensive city of the 269 cities that participated in the 2020 COLI survey. In 2020, the composite index for Anchorage rose to 124.4, just 0.4 points higher than in... Continue reading
Posted Apr 14, 2021 at Alaskanomics
March 26, 2021 No. 21-11 JUNEAU, Alaska — Alaska’s February employment was down 7.0 percent from February 2020 — a loss of 22,300 jobs — as the pandemic continued to keep job counts well below year-ago levels. Leisure and hospitality continued to record the largest losses, with 7,300 fewer jobs... Continue reading
Posted Mar 26, 2021 at Alaskanomics
March 12, 2021 No. 21-09 JUNEAU, Alaska — Alaska’s January employment was down 7.4 percent from January 2020 — a loss of 23,000 jobs — as the pandemic continued to keep job counts well below year-ago levels. Leisure and hospitality continued to record the largest losses, with 7,800 fewer jobs... Continue reading
Posted Mar 12, 2021 at Alaskanomics
Jan. 22, 2021 No. 21-06 JUNEAU, Alaska — Alaska’s December employment was down 7.7 percent from December 2019 to 290,400, a loss of 24,100 jobs, as the pandemic continued to keep job counts well below year-ago levels. Leisure and hospitality continued to record the largest losses, with 8,600 fewer jobs... Continue reading
Posted Jan 22, 2021 at Alaskanomics
Jan. 7, 2021 No. 21-2 JUNEAU, Alaska — Alaska’s population decreased by 3,831 people — 0.5 percent — from July 2019 to July 2020, based on population estimates released today by the Alaska Department of Labor and Workforce Development. This was the fourth straight year of decline for the state’s... Continue reading
Posted Jan 8, 2021 at Alaskanomics
Dec. 18, 2020 No. 20-43 JUNEAU, Alaska — Alaska’s November employment of 293,500 was down 7.4 percent from last November, a loss of 23,500 jobs, as the pandemic continued to keep job counts well below year-ago levels. Leisure and hospitality jobs continued to record the largest losses, with 7,000 fewer... Continue reading
Posted Dec 29, 2020 at Alaskanomics
By Tim Bradner Gov. Mike Dunleavy has proposed basically a status-quo budget for next year, at least on the expenditure side. What’s unusual is how the governor proposes to fund principal elements of the budget without imposing new taxes. The governor proposes expenditures of $4.3 million in unrestricted general fund,... Continue reading
Posted Dec 21, 2020 at Alaskanomics
No. 20-41 JUNEAU, Alaska — Alaska’s October job count was down 8.8 percent from last October, a loss of 28,900 jobs, as the pandemic continued to keep job numbers well below year-ago levels. Every industry’s employment was down except the federal government, which was up 200 because of its temporary... Continue reading
Posted Nov 20, 2020 at Alaskanomics
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The Alaska Resource Development Council hosted its 41st annual Alaska Resources Conference on Wednesday, November 18. This year’s event was a single day, hosted online. As in years past, the presentations were from industry experts and provided an insight in to the past year as well as a look forward... Continue reading
Posted Nov 20, 2020 at Alaskanomics
State of Alaska Department of Labor and Workforce Development No. 20-36 JUNEAU, Alaska — Alaska’s September job count was down 11.0 percent from last September, a loss of 37,600 jobs. The pandemic kept job counts far below year-ago levels in all industries except federal government, which was up 900 jobs... Continue reading
Posted Oct 27, 2020 at Alaskanomics