Alaska January Economic Trends –Employment Forecast for 2017

trendsjan2017January is Alaska Department of Labor and Workforce Development’s annual economic forecast, and for 2017 they expect Alaska to lose about 7,500 jobs, or 2.3 percent as low oil prices and state budget problems continue. Unlike last year, when loss was mainly in the industries closely related to oil, most sectors are forecasted to lose some employment this year while losses in the oil industry are expected to slow. Health care is the exception, and tourism will also remain strong, especially in Southeast, but these industries won’t be able to mitigate overall or regional losses.

Click here to read the full forecast.

Source: Alaska Department of Labor and Workforce Development

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