Tag: Alaska Economic Report
After a summer of pandemic disruptions and poor salmon runs, Alaska fishermen await more federal relief money
Government relief money has helped fishermen, and the state is finalizing a plan for how to spend another $50 million in federal dollars for the industry.
Data from the Alaska Department of Labor show an estimated 6,900 jobs in the state’s oil and gas industry in September. That’s down from 10,000 in January.
Until the virus is under control, experts say the state’s economy will continue to suffer.
The owners say in this first year, they've sold enough shampoo and conditioner to keep nearly 700 plastic bottles out of the landfill, but their business looks a lot different than they thought it would, thanks to the pandemic.
A $300 dollar per week boost in unemployment payments still hasn't arrived, and economists say that without more cash from the federal government, the entire economy is at risk.
Alaska’s largest ski resort has a plan to operate during the pandemic. What will the slopes be like this year?
With a new operations plan in place, Alyeska Resort in Girdwood is set to get the lifts running again this winter.
The season is changing, and some businesses didn’t survive the summer. The ones that did are now preparing for the long winter ahead.
Kane opened in March, a week before the COVID-19 pandemic shut down retailers for months.
Nationally, Black and Asian Americans are facing a much greater increase in the unemployment rate, compared to white Americans.
As the school year begins, Alaska school administrators worry low enrollment could impact state funding
Financially, there is a lot at stake. State funding of public schools is tied directly to enrollment.
Gyms are adapting, but some still face financial strain as Alaskans opt out of indoor exercise.
Alaska had just emerged from recession when the pandemic hit. When will the state’s economy be back to pre-COVID levels?
“This is going to be a slow grind to get back to pre-pandemic levels."
LISTEN: There are billions of dollars at stake in the 2020 Census, but Alaska response rates are low
The census is about understanding the country’s population, but it’s also about money. There are billions of federal dollars at stake. Yet, less than half of Alaskans have responded so far, with the lowest self-response rate of any other state in the country.
Skagway’s economy depends on cruise tourism. With little money coming in, the city is paying millions of dollars to residents
In Skagway, the city is distributing a large portion of its federal CARES Act funding directly to residents. City officials hope this unique action will save the town.
Home prices have remained surprisingly high during the pandemic, which may be a result of fewer people moving out.
Like many other things in the past few months, Alaska Department of Labor Economist Jenna Luhrs says unemployment numbers were unprecedented.
But, unlike other periods of significant job loss in Alaska’s history, this one may be short lived.
"Farmers are selling everything they can get slaughtered right now," said Schade."
Alaska’s economy and it's businesses are facing great uncertainty amid the COVID-19 pandemic. And the non-profit industry is no exception.
In 2020, the state is expected to continue adding jobs, but more slowly.
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