Tag: Alaska Economic Report
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.
The change is small -- a 1.1% decline in prices.
The American Rescue Plan, which includes another round of federal relief money for Americans impacted by the pandemic.
The housing market’s upswing doesn’t account for thousands of Alaskans who are struggling to make ends meet.
Alaska lost 27,000 jobs in 2020. And, while the whole state suffered, regions that depend on tourism were hit especially hard.
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.
Alaska is expected to add jobs in 2021, but at a slow pace.
"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.
Jon Bittner, with the Alaska Small Business Development Center, says without a second round of relief money, businesses will continue to suffer.
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.
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