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  6.  | Total Wages Up 4.0 Percent in the First Half of 2019 from Prior Year

Total Wages Up 4.0 Percent in the First Half of 2019 from Prior Year

Nov 14, 2019 | Government, News

JUNEAU—Newly released data for the first half of 2019 show total wages up $355 million from the first half of 2018, with increases in all of Alaska’s major industries and sectors. The 4.0 percent wage growth exceeded inflation, which was 2.6 percent over the period.

Private sector wages grew 4.8 percent overall. Construction wages increased 11.9 percent while oil and gas increased 7.0 percent. Health care wages grew 5.5 percent.

Government wages were also up across the board. Federal wages increased by 1.3 percent, state government wages by 2.0 percent and local government (including public schools and tribal government) by 2.4 percent.

Total wages increased in 23 of the 29 boroughs and census areas. Wages grew by 3.3 percent in Anchorage, 3.2 percent in Fairbanks and 0.5 percent in Juneau. Recovery in the oil and gas industry boosted North Slope Borough wages by a whopping 11.6 percent.

Wages in Haines increased the most at 14.5 percent, driven by increased construction work. Mat-Su’s wage growth was second at 9.6 percent, followed by Nome at 9.3 percent and Yakutat at 9.5 percent.

For more info, click here to view tables from the Department of Labor and Workforce Development.

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This edition of Alaska Business presents the Corporate 100, Alaska’s largest companies as ranked by Alaskan employees. Outside of state and federal government, these organizations are powerhouses in the Alaska jobs market. In addition to honoring these companies, the Corporate 100 special section also looks at the most common occupations in Alaska; how workplaces can accommodate their employees experiencing a range of challenges and disabilities; and how the implementation of AI is changing workplaces. Also in this issue: new leaders in the healthcare industry, a resurgence in physical film, and the merger that created Contango Silver & Gold. Enjoy!
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