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Alaska and the Southcentral region have shown positive gains in employment and the labor force, as well as sharp decreases in unemployment. Seasonal work may have a large impact, as well as the lessoning of the effects of the recession on Alaska. Anchorage and the Matanuska-Susitna Borough have had employment increases on 2.9%. Anchorage showed a decrease in the unemployed of 3%, while Kenai showed 7.7% and Mat-Su 10%. Employment in the state of Alaska increased 1.2% compared to one year ago. The July 2010 report can be found here. |
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Alaska one of six six states to add construction jobs between July 2009 & 2010 according to the Associated General Contractors of America. Ken Simonson, the association's chief economist said that the largest year-over-year increase was in Kansas, where construction employment rose 6.9 percent (4,000 jobs), followed by New Hampshire (5.0 percent, 1,100 jobs); Oklahoma (1,900 jobs, 2.8 percent); West Virginia (2.4 percent, 800 jobs); Alaska (1.9 percent, 300 jobs); and Arkansas (1.5 percent, 800 jobs). The analysis was based on recently released U.S. Department of Labor numbers. The study also noted that nationwide Twenty-six states added construction jobs in July 2010 compared to 19 in June 2010. Read more on Alaska Business Monthly. |
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In a Forbes.com article published on August 3, 2010, Joel Kotkin, featured speaker at the recent AEDC Investor Luncheon, asks whether current reactions to the gulf disaster and the agenda of environmental groups can lead to Alaska becoming a "Caribou Commons." The "Caribou Commons" term is based on a proposal by Frank and Mary Popper's to turn the Great Plains into a "buffalo commons" with the area being evacuated of its citizens and left to the buffalo, Native Americans and grasslands. Article available here.
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According to Bloomberg Business week Anchorage can expect a 20% increase in housing prices between 2010-2014 with the current median price at $177,699. This follows a fairly stable housing market for Anchorage with a peak-to-trough price drop of only 2.1%. The ranking was based on information proivded by Fiserv and based on the FiservCase-Shiller Indexes.Full Article & List |
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The Anchorage Economic Development Corp. is forecasting higher employment numbers for the city. Last year, Anchorage saw employment numbers fall for the first time since 1988, although the drop was small compared to the rest of the country. At an annual investor luncheon Wednesday, the AEDC revealed a mid-year update on the Anchorage economy. It expects a turn for the better, with more jobs in Anchorage over the next three years. See KTUU's report here and download the economic report here. |
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