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2020 Great Innovation: Alaskan Club Built Lane Shields to Fight COVID-19
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2020 Year in Review, part 1: Pandemic upends Alaska economy
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Print article Shortly before his death in 2005, Jay Hammond concisely expressed his vision for the Alaska Permanent Fund. “I wanted to transform oil wells pumping oil for a finite period into money wells pumping money for infinity,” the former Alaska governor wrote. For the first time since the Permanent Fund was created in 1976, the state of Alaska is seriously considering a step away from that vision. Gov. Mike Dunleavy has proposed spending billions from the fund to pay for a $5,000 stimulus in 2021. Such a stimulus is badly needed, economists say: Unemployment is high, thousands of Alaskans aren’t caught up on their rent and many residents don’t have enough to eat.
Latest Alaska unemployment numbers show continued economic stagnation Published December 18, 2020
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Print article New unemployment claims data shows Alaskans are continuing to lose work as the COVID-19 pandemic wears on. The data for last week shows there were 4,809 initial unemployment claims, up 284 from the previous week. There were 19,980 continuing claims. “It’s confirmation that Alaska’s labor market is still in a pretty dark place,” University of Alaska Anchorage economics professor Mouhcine Guettabi said. On Friday, the Alaska Department of Labor and Workforce Development announced November employment was at 293,500 jobs, down 7.4% from a year prior. Leisure and hospitality jobs were down 22% a loss of 7,000 jobs from last November, the state said.
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