Latest McDowell Group Seafood Report Shows Job Growth

Harvesting Alaska seafood ranks between oil and tourism in economic impact, according to a new report detailing on the commercial fishing industry.

The Juneau-based economics firm McDowell Group released an updated study on the economic impacts of the commercial fishing industry on Jan. 19. The Alaska Seafood Marketing Institute, a private-state collaboration designed to increase Alaska seafood’s worldwide value, contracted the report.

According to the report, seafood created 41,100 full time equivalent jobs and $2.1 billion in labor income between 2013 and 2014; 17,600 of the total were Alaska resident commercial fishermen, who took a total ex-vessel income of $735 million in 2014.

The report found a growth in seafood employment from 2010-14, with more resident fishermen, processors, and total earnings and harvest levels. In 2014, the state had 500 more seafood jobs than 2010, representing a $24 million payroll growth.

Read the full article here.

Source: The Alaska Journal of Commerce

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