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Alaskanomics
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Aug 16, 2024 No. 24-18 JUNEAU, Alaska — July’s statewide job count was up by 6,900, or 2.0 percent, from July 2023. Factors influencing growth included federally funded infrastructure projects and North Slope oil and gas projects, which helped boost construction (2,900 jobs), professional and business services (900), and transportation,... Continue reading
Posted Aug 19, 2024 at Alaskanomics
The Anchorage Economic Development Corporation (AEDC) hosted its annual Economic Development luncheon on Wednesday. The event featured updates from the AEDC board and staff, Mayor LaFrance and Keynote speaker Andrew Busch. AEDC President and CEO Jenna Wright continued her optimistic tone that she struck during the January forecast lunch. Wright... Continue reading
Posted Aug 8, 2024 at Alaskanomics
July 19, 2024 No. 24-16 JUNEAU, Alaska — June’s statewide job count was up by 5,200, or 1.5 percent, from June 2023. Construction added 2,300 jobs, with federally funded infrastructure projects contributing to the strong growth. Health care employment increased by 1,600, with nearly all of the gains in hospitals... Continue reading
Posted Jul 19, 2024 at Alaskanomics
June 21, 2024 No. 24-15 JUNEAU, Alaska — May’s statewide job count was up by 9,300, or 2.9 percent, from May 2023. Construction added 2,500 jobs, with federally funded infrastructure projects contributing to the strong growth. Health care employment increased by 1,700, with gains in hospitals and outpatient care facilities.... Continue reading
Posted Jun 21, 2024 at Alaskanomics
May 17, 2024 No. 24-12 JUNEAU, Alaska — April’s statewide job count was up by 9,000, or 2.8 percent, from April 2023. Construction added 2,600 jobs, with much of that growth coming from North Slope oil and gas-related activity. Health care added 1,500 jobs, led by strong growth in hospitals... Continue reading
Posted May 17, 2024 at Alaskanomics
Northrim Bank hosted its annual Community Summits in Nome, Soldotna, Homer, Anchorage and Fairbanks this past week. At these events, this economic update presentation was given by Mark Edwards, Chief Credit Officer and Bank Economist. Continue reading
Posted May 3, 2024 at Alaskanomics
April 19, 2024 No. 24-9 JUNEAU, Alaska — March’s statewide job count was up by 8,900, or 2.8 percent, from March 2023. Construction added 2,400 jobs, with North Slope activity strongly contributing to the growth. Health care added 1,300 jobs, mainly in hospitals and outpatient care. Transportation, warehousing and utilities... Continue reading
Posted Apr 19, 2024 at Alaskanomics
March 22, 2024 No. 24-4 JUNEAU, Alaska — February’s statewide job count was up by 8,200, or 2.6 percent, from February 2023. Construction added 1,900 jobs, with North Slope oil activity strongly contributing to the growth. Health care added 1,600 jobs, with the largest gain in outpatient care. The transportation,... Continue reading
Posted Mar 22, 2024 at Alaskanomics
The Anchorage Economic Development Corporation (AEDC) hosted its annual Economic Forecast luncheon on Wednesday. The event featured updates from the AEDC board and staff, Mayor Bronson and Keynote speaker Patience Fairbrother. AEDC President and CEO Jenna Wright struck an optimistic tone for the lunch with highlights of how the local... Continue reading
Posted Jan 26, 2024 at Alaskanomics
December Jobs Up 2.0 Percent From December 2022 Jan. 19, 2024 No. 24-2 JUNEAU, Alaska — December’s statewide job count was up by 6,000, or 2.0 percent, from December 2022. Most Alaska industries grew over the year. Health care added 1,300 jobs, with the strongest growth in hospitals. Mining and... Continue reading
Posted Jan 19, 2024 at Alaskanomics
Jan. 9, 2024 No. 24-1 JUNEAU, Alaska — The size of Alaska’s population remained essentially unchanged for a second consecutive year, based on population estimates released today by the Alaska Department of Labor and Workforce Development. From July 2022 to July 2023, the state grew by an estimated 304 people... Continue reading
Posted Jan 10, 2024 at Alaskanomics
November Jobs Up 1.6 Percent From November 2022 Dec. 22, 2023 No. 23-20 JUNEAU, Alaska — November’s statewide job count was up by 5,000, or 1.6 percent, from November 2022. Health care added 1,300 jobs, with the strongest growth in hospitals. Leisure and hospitality was up 800 over the year,... Continue reading
Posted Dec 27, 2023 at Alaskanomics
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