The Alaska Department of Labor forecasts that oil & gas jobs will grow by 200 between 2008 and 2018, a 5.7% increase. While the Alaska Department of Revenue projects steady declines in oil production, the Department of Labor forecasts that jobs will grow modestly as oil companies work to produce oil that is more difficult to reach, and oil exploration ramps up. The projection does not assume construction of a natural gas pipeline during the next ten years. The low growth of oil & gas jobs puts that sector ahead of only the wholesale trade, manufacturing, arts and information sectors, and lower than state government (9.8%), local government (7.8%) and federal government (7.5%) jobs. The 10-year industry forecast was released in the September 2010 issue of Alaska Economic Trends.
What's New
About Alaskanomics
Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.
« Bradner: current petroleum policy is "too cautious" | Main | Alaska's Household Income Down 2.2% »
Monday, September 27, 2010
Ten-year forecast: only 200 new oil & gas jobs
Posted by Blythe Campbell at 12:26 PM in Alaska's Economy, Fiscal Policy, Jobs, Oil & Gas | Permalink
The comments to this entry are closed.
Search
Recent Posts
- December jobs up 1.9 percent from December 2023
- AEDC Economic Forecast Luncheon
- Critics assail AIDEA but state development authority seems true to its mission
- November jobs up 2.4 percent from November 2023
- Alaska's minimum wage will increase in 2025
- October jobs up 2.1 percent from October 2023
- September jobs up 2.0 percent from September 2023
- August jobs up 1.8 percent from August 2023
- July jobs up 2.0 percent from July 2023
- AEDC Economic Development Luncheon
Categories
- Alaska Native Corporations (3)
- Alaska Permanent Fund (25)
- Alaska's Economy (555)
- Construction (35)
- Federal Spending (16)
- Financial Industry (3)
- Fiscal Policy (104)
- Fishing Industry (31)
- Gunnar Knapp (3)
- Health Care (22)
- Housing (45)
- ISER (20)
- Jobs (176)
- Joe Beedle (9)
- Joe Schierhorn (2)
- Larry Persily (11)
- Marc Langland (12)
- Mark Edwards (81)
- Mike Bradner (1)
- Mining (19)
- Natural Resources (139)
- Oil & Gas (199)
- Population (22)
- Real Estate (8)
- Renewable Energy (2)
- Scott Goldsmith (30)
- Taxes (71)
- Tim Bradner (31)
- Timber (12)
- Tourism (37)
- Transportation (10)
- Utilities (10)
Alaskanomics.com is moderated by Northrim Bank. Postings do not necessarily represent the views of Northrim Bank.
Comments