July 30, 2014 - The AEDC 3-Year Economic Outlook examines economic trends based on historical data, interviews with representatives of businesses and organizations in various sectors, and current events. It discusses trends in terms of eight key indicators: population, employment, personal income, air passenger and freight volumes, building permits, Port of Anchorage tonnage, visitor industry activity, and oil prices.
To view the report in its entirety, please click here or on the report below.
AEDC released the Anchorage Consumer Optimism Index (ANCi) for Q2 of 2014 at the luncheon. Anchorage consumer optimism reached an all-time high in Q2 of 2014. The ANCi report is compiled by Northern Economics and sponsored by KeyBank.
To view the full ANCi Report, click here or on the report below.
Alaska Innovator: Making Waves AEDC is pleased to release the first issue of the Alaska Innovator for 2014! Thank you to Alaska Journal of Commerce for partnering with AEDC on this great publication! Click here or the image below to flip through the magazine. If you are interested in getting a copy of the magazine, contact AEDC: 907-258-3700.
Did you attend the 3-Year Outlook Luncheon? What did you think? Who would you like to see as a future presenter? We want to hear from you! Click here to take a quick survey on the event.
Video of the presentations will be available soon. Check back soon!
Prezi of the presentation is available now. Click through below to view the slides.
July is a busy month for AEDC. Click the images below to learn more!
We are hiring two full-time positions, and seeking interns for the fall semester! CLICK HERE to learn more.
The AEDC 3-Year Outlook Luncheon will feature keynote speaker, Terry Jones, founder of Travelocity.com. Thank you to the speaker sponsor, Premera Blue Cross Blue Shield of Alaska. CLICK HERE to learn more and purchase tickets.
The Business Pitch-On-A-Train Competition will be an all-day event on Thursday, July 31. CLICK HERE to learn more and purchase tickets!
Anchorage unemployment in May was 4.9 percent, according to the latest employment report released by the Anchorage Economic Development Corp. and sponsored by First National Bank Alaska. This reading is unchanged from April’s revised rate and remains well below the national rate of 6.3 percent and the statewide rate of 6.4 percent.
“Last month’s unemployment rate is the lowest May rate we’ve seen since 2007,” said Bill Popp, AEDC president and CEO. “We anticipate a rate of 5 percent or below for much of the second half of the year. When coupled with impressive growth in retail jobs and steady growth in the goods-producing and services-producing industries, Anchorage is looking at a very healthy economy in the months to come.”
The average monthly employment from January to May increased by 600 jobs compared to the same months in 2013. Anchorage’s private sector has seen an increase of 1,180 jobs while government employment has declined by 580 government jobs, with losses split between federal employment and local education.
In May, the mining and logging industry, which includes oil and gas employment, continued to show the highest growth in the goods-producing category with an increase of 140 new jobs compared to the 2013 year-to-date monthly average. Retail trade jobs in Anchorage were also up, with an increase of 520 more positions in this time frame. This is the first time since 2003 that yearly growth in this sector has exceeded 100 jobs. Retail growth is expected to continue as even more new stores open their doors in Anchorage this summer.
The complete Anchorage employment report sponsored by First National Bank Alaska is available by CLICKING HERE.