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Katie Bender
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October employment was down roughly 1,100 jobs compared to 2017. This is a decrease of approximately 0.3 percent. Retail continued to have large losses and was down 800 jobs over last year. Health care continued its growth, adding 600 jobs this year. Construction was also up due to increased activity... Continue reading
Posted Nov 28, 2018 at Alaskanomics
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Last week, the Resource Development Council (RDC) hosted its 39th 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 23, 2018 at Alaskanomics
Alaska’s Department of Labor and Workforce Development released the September employment numbers and employment was down 0.6 percent from September 2017 and the unemployment rate dropped 2-tenths of a percent from August 2018. The industries with the biggest losses were Retail, Professional and Business Services and Oil and Gas with... Continue reading
Posted Oct 31, 2018 at Alaskanomics
In the September issue of Trends the Alaska Department of Labor and Workforce Development looked at the upcoming US census. Every 10 years, the US federal government conducts a census which determines the number of representatives each state is allotted in the US House of Representatives. While Alaska is unlikely... Continue reading
Posted Oct 10, 2018 at Alaskanomics
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Alaska’s Department of Labor and Workforce Development released employment numbers for August. The employment rate is down 0.6 percent from August 2017 and the unemployment rate sits at 6.7 percent, down two-tenths of a point from July. Retail had the biggest loss of jobs losing 1,000 jobs. Professional and business... Continue reading
Posted Oct 4, 2018 at Alaskanomics
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Throughout the recent recession many wondered when the housing market would feel the pinch. The price for a single-family home in Alaska has remained stable during the recession that started in 2015. This is mostly likely due to a few different factors. Low interest rates, migration patterns, measured selling and... Continue reading
Posted Oct 1, 2018 at Alaskanomics
Anchorage saw the third year in a row of low inflation in 2017. It was the first time that inflation didn’t rise about 0.5 percent for three years in a row. There have only been four other times when the rate has been lower than it is now, since statehood.... Continue reading
Posted Sep 24, 2018 at Alaskanomics
The Alaska Department of Labor and Workforce Development’s monthly unemployment numbers show that unemployment declined slightly in June and July. The seasonally adjusted unemployment rate in June was 7.1 percent, down a tenth of a percent from May and was 6.9 in July. The slow decline is still well over... Continue reading
Posted Aug 21, 2018 at Alaskanomics
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AEDC’s annual 3-Year Outlook Luncheon was held Wednesday and featured a recap of the 2017 employment numbers and a look forward to the next three years. This year’s luncheon was the first one in a few years that included some optimism about the future of Anchorage’s economy. AEDC is predicting... Continue reading
Posted Jul 27, 2018 at Alaskanomics
The Department of Labor and Workforce development released the May employment numbers in mid-June. Employment was down by 2,000 jobs in May, which is 0.6 percent from May 2017. Retail and state government had the largest decreases in job with -800 and -500, respectively. Three other sectors lost 400 jobs... Continue reading
Posted Jun 27, 2018 at Alaskanomics
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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 Jun 12, 2018 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