Alaska Economic Trends (Feb 2023)

The Alaska Department of Labor & Workforce Development recently published the February 2023 economic report.

The feature article follows Alaska’s high school graduating class of 2005 and answers the questions, “What happens to the thousands of Alaska high school students after they graduate, and how have they impacted the state’s economy?”

The edition also provides and analysis of Alaska’s self-employed and workforce economic trends. Read the full edition here.

Source: Alaska Department of Labor & Workforce Development, Research & Analysis

Alaska January Economic Trends

In January Trends: All Alaska industries expected to add jobs or hold steady, worker shortages are ongoing, and federal infrastructure money will start flowing in 2023. Read more about Alaska’s economic outlook in this issue of Trends.

Source: Alaska Department of Labor and Workforce Development.

Alaska November Economic Trends

In November Trends: Seafood harvesting employment declined slightly in 2021 after a large drop in 2020. The pandemic was less of an obstacle in 2021 than the year before, but restrictions and outbreaks continued to put a damper on the industry. Also in this issue: Hope is on the horizon for the community of Adak. A private consultant is working to secure a new plant operator to reopen the processing plant in 2023, and the Port of Adak will receive $10.1 million in federal infrastructure funding this year.

Source: Alaska Department of Labor and Workforce Development.

Alaska November Economic Trends

In November Trends: With the pandemic, the seafood processing industry faced a summer salmon season like no other. Also in this issue: Fish harvesting employment’s five-year trends, and what the consumer price index shows about deflation in 2020.

Source: Alaska Department of Labor and Workforce Development.

Alaska October Economic Trends

In October Trends: Every other year, the Alaska Department of Labor and Workforce Development releases long-term job projections by industry and occupation. This issue includes Alaska’s projections for 2018 to 2028.

Source: Alaska Department of Labor and Workforce Development.