Our friend Craig Medred has written a great column regarding the state of Alaska’s economy. Here is an excerpt from the article:
“The Alaska Department of Labor on Friday released the job numbers for the first half of 2016 showing a 1.2 percent decline in jobs in January accelerating into a 2.5 percent decline by June. Since then most, economists believe the downward trend only continued with a few guessing it might have picked up even more.
Optimism is in short supply. State government is running a deficit of more than $3.5 billion. The oil patch, which generally provides the best paying jobs in the state, is still downsizing.”