While parts of the state fared better than others, Neal Fried with the Alaska Department of Labor says no region escaped the financial hardship of the pandemic.
Recovery forecasts are constrained by big unknowns, such as levels of federal aid and the course of the pandemic.
Collectively, Alaskans received $130 million in unemployment benefits in April. That’s grease in the gears of the local economy.
While Alaska’s economy is not out of recession yet, there are some positive signs leading economists to believe it may be nearing the end.
State figures released on Wednesday show the state’s population is 737,080. That’s down 2,629 from 2016 and is the first decrease since 1988.
This week two state lawmakers voiced very different opinions on government spending. Their comments illustrate the depth of the divide over Alaska’s fiscal and economic crisis.
Gunnar Knapp, director of the University of Alaska Institute of Social and Economic Research, told the Senate Finance Committee that uncertainty over the budget is a concern for the economy.
A statewide recession will inevitably happen this year, say two economics experts from Anchorage. But there are reasons not to panic.
During the recession, middle-class and poor Americans gave more of their incomes to charity organizations than did the wealthy, according to a new study
During the recession, middle-class and poor Americans gave more of their incomes to charity organizations than did the wealthy, according to a new study.
Glacial recession impacts on fish and invertebrates previewed at Southeast Alaska Watershed Symposium