Economy

All Alaska economy and business news, including the Alaska Economic Report.

Seward's railroad terminal

Alaska’s job recovery is expected to continue this year

Alaska will continue to recover jobs in 2023 from its significant losses during the COVID-19 pandemic, according to a job forecast from the state Department of Labor.
Kodiak

Report portrays mixed picture of Alaska’s huge seafood industry

The report says the industry's economic value rose in 2021 and 2022, but employment is declining and recent price collapses are worrisome.
A fisherman in rain gear and a helmet stands on a pile of silver fish.

Alaska pollock trawlers are feeling pressure over salmon bycatch, so this reporter went to see for himself

Fisheries reporter Hal Bernton visited a Bering Sea factory trawler to see how its crew caught and processed pollock.
a mother and child

‘Hungry, frustrated and unheard’: With food stamp backlog, Alaska mom struggles to feed son

A state leader cites multiple reasons for the growth of the backlog, which has no clear end in sight.

Bethel strides toward renewable wind energy

Energy officials hope two newly constructed towers in Bethel will pave the way to reducing the city’s multi-million gallon dependence on diesel fuel. The Alaska Village Electric Cooperative, or AVEC, raised the towers to collect atmospheric data for future wind turbines.
Bill Wielechowski

Alaska Supreme Court considers whether Hilcorp’s financial information should stay secret

The city of Valdez, site of the trans-Alaska pipeline’s marine terminal, wants the public to have information about Hilcorp’s financial wherewithal.
A ship in the water

Cut cable causes internet and cellphone outages in Arctic Alaska

Quintillion President Mike McHale said a full restoration of internet and some cellphone service could take up to two months.
Petersburg

Petersburg needs 300 houses in the next decade, survey shows

About 10 percent of Petersburg residents responded to a 39-question survey, many expressing unhappiness with local housing availability.
a group of people sit around a table in a meeting room

Alaska legislators begin drilling into governor’s underground-carbon plan

State lawmakers need to hire new independent advisers because their usual firm was plucked by Gov. Dunleavy’s administration.
A profile shot of a building.

Think you have supply chain woes? Try building in rural Alaska, where prices are high and the season is short.

Every step of the supply chain, from manufacturing to shipping to distribution, has lost any sense of a normal rhythm.

Anchorage advances purchase plan for Conoco gas leases

As state officials ready for a special session, Anchorage is moving one step closer to expanding ownership over nearby gas fields in upper Cook Inlet. Download Audio
the Northwest Arctic Borough building in Kotzebue

Internet outage closes government offices, businesses and university campus in Kotzebue

The City of Kotzebue saw a “complete outage” to all departments, with Northwest Arctic Borough officials' telephone and internet down.
Gov. Mike Dunleavy

State agreement with Goldbelt Inc. moves Cascade Point terminal project forward

A new ferry terminal at the end of Juneau’s road is one step closer to becoming a reality.

Tax credits reduced for oil and gas companies

The House Resources Committee unveiled its version of an overhaul of the state’s oil and gas tax credits. Download Audio
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.

Study: Climate Change Is A Chief Threat to Polar Bears

A new federal study shows Alaska's two polar bear populations could be greatly decreased in a decade. The research also shows global warming is by far the biggest threat to polar bear populations across the arctic compared to other stressors like hunting and pollutants. Download Audio