Tag: Alaska Economic Report

The bow of a white cruise ship

LISTEN: As summer approaches, Alaska leaders are making continued efforts to salvage cruise tourism

Hope for big ships at some point this summer is not lost yet, but the outlook is bleak. Leaders in Alaska and Washington D.C. are attempting to find solutions.

Financial needs linger among Alaskans, a year after the start of the pandemic shocked the state’s economy

Needs have settled down after the early spike, but many Alaskans are still dealing with the financial impacts of the pandemic, which are expected to linger in the months ahead.

LISTEN: Economic Impact Payments are beginning to hit bank accounts. Here’s what you need to know.

The American Rescue Plan, which includes another round of federal relief money for Americans impacted by the pandemic.
A for sale sign in front of a white house.

Alaska’s pandemic housing boom driven by interest rates, tight inventory and shifting attitudes

The housing market’s upswing doesn’t account for thousands of Alaskans who are struggling to make ends meet.

LISTEN: What another summer without cruise ships could mean for Alaska’s economy

Alaska lost 27,000 jobs in 2020. And, while the whole state suffered, regions that depend on tourism were hit especially hard.

To face 2020 head-on, one Anchorage tour company branched out

In the last year, employees at Salmon Berry Tours delivered groceries, plants and Christmas Trees. They also took on a new role in Hatcher Pass.
Signs in a window announce covid closures

LISTEN: Alaska jobs expected to slowly return in 2021

Alaska is expected to add jobs in 2021, but at a slow pace.

For Anchorage businesses, going online pays off during COVID-19

"The number of web orders we’re receiving right now is at least ten times the volume we have received typically in the past," Janet Gregory, who owns Over the Rainbow Toys, said about their new online platform.

LISTEN: Alaska’s small businesses face financial winter as pandemic drags on

Jon Bittner, with the Alaska Small Business Development Center, says without a second round of relief money, businesses will continue to suffer.
Several 30-foot fishing boatsin the water

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.
The Trans-Alaska Pipeline is seen running alongside the Dalton Highway, next to a small mountain.

Alaska is down thousands of oil and gas jobs, as the pandemic continues to squash demand

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.

Experts say Alaskans’ willingness to mask up is key to rebuilding the economy

Until the virus is under control, experts say the state’s economy will continue to suffer.
Two women wearing aprons and masks stand in front of shelves in a store

How the COVID-19 pandemic has shaped the first year of business for one Anchorage store

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 square tan and grey building

As the pandemic drags on, unemployed Alaskans are still waiting for more help

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.
A man sits at a picnic table at a restaurant.

Anchorage businesses owners look toward another season of pandemic-related challenges

The season is changing, and some businesses didn’t survive the summer. The ones that did are now preparing for the long winter ahead.

COVID-19 almost sank the Haines bookstore. A local author’s national fans saved sales

Kane opened in March, a week before the COVID-19 pandemic shut down retailers for months.
A line graph shows historical jobless rates by race in Alaska

LISTEN: What can history tell us about which Alaskans face the greatest barriers to employment?

Nationally, Black and Asian Americans are facing a much greater increase in the unemployment rate, compared to white Americans.
A woman smiles while bent over looking at her laptop screen in her classrom.

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.