Resource Industries Expect Stronger, Stranger Economy in 2023
Nearly recovered from the COVID-19 slump, Alaska’s resource industries are optimistic for 2023—if enough workers can be found to fill job openings.
Tag: Economy
Inflation Pushes Minimum Wage Up by $0.51 for 2023
High inflation in 2022 means higher pay in 2023. Thanks to an automatic adjustment, the state minimum wage is rising from $10.34 per hour to $10.85.
Housing Report: Anchorage Area a Seller’s Market
The US Department of Housing and Urban Development crunched numbers for 2020 and found average prices increased 8 to 9 percent, with demand exceeding supply.
Small Businesses Optimistic for 2022, Survey Shows
The fifth annual survey by the Alaska Small Business Development Center at UAA finds a more positive attitude among business owners, compared to the challenges of the last two years.
Forecast: Full Economic Recovery Depends on Infrastructure Spending
A forecast for the Alaska economy in 2022 anticipates approximately the same 2.2 percent job growth as 2021, unless federal infrastructure spending rolls out quickly.
New Year, Same Old Minimum Wage
When 2022 arrived, Alaskans working for minimum wage received an annual inflation adjustment of zero, holding their pay at $10.34 per hour.
September Unemployment Down to 6.3%
The state Department of Labor & Workforce Development puts the seasonally adjusted rate at 6.3 percent in September, a slight decrease from August and approximately the same level of unemployment Alaska saw from 2015 through 2017.
AEDC Is Optimistic about Growth in the Anchorage Economy in 2021
While nothing can be certain, projections are that by the second half of the year most of the city’s major industries will see some growth.
The Cloudy COVID-19 Economy
Economists were cautiously optimistic in their predictions for what 2020 would hold for the state’s economy. What none of them saw coming—what nobody saw coming—was the COVID-19 pandemic and the crippling economic damage it would cause.
Op-Ed: Small Manufacturing Firms Continue to Drive Alaska Economy
Local manufacturing businesses and jobs have experienced a resurgence in recent years that needs to continue for our state’s livelihood and connection to the global economy.