Tag: Alaska Economic Report
Big cruise ships recently got the green light to sail to the state again. At the same time, independent travelers are showing up in force in Southcentral.
As federal aid poured in, personal income in Alaska actually rose in 2020.
Kate Wattum began operating her fiber mill business in Fairbanks in 2016. But it wasn't until 2020 that she felt like she'd hit her stride, turning raw animal fibers into yarn. Then came the pandemic.
It's a seller's market: homes are going fast and at high prices. But experts say they're not seeing the warning signs of a housing bubble.
In Anchorage’s COVID-19 economy, social media skills are essential for small business — but not everyone has them
Familia opened in May 2020. Their food has gained a strong following despite the pandemic.
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.