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Alaskanomics
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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
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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
JUNEAU, Alaska — May employment was 2.9 percent above May 2021, an increase of 8,900 jobs but still 15,300 below the same month in 2019, the year before the pandemic started. The leisure and hospitality sector had 3,800 more jobs than last May but 4,100 fewer than May 2019. The... Continue reading
Posted Jun 21, 2022 at Alaskanomics
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