By Scott Goldsmith
Final data on Alaska employment by industry thru the 2nd quarter of 2017 (Alaska Department of Labor) shows the job loss slowing in the 2nd quarter.
The slowdown in overall job loss is primarily due to reductions in job losses in the Oil and Gas and Other sectors. Other is composed primarily of support sectors like retail trade and transportation and other services. (It excludes oil and gas, business services, construction, state government, and health.)
Notably, losses in the construction sector have not yet diminished. Health care continues to be the only sector reporting consistent growth in employment in the last year.
Note that job losses only began about a year after the drop in the price of oil in the summer of 2014. Initially those losses were confined to the oil and gas and state government sectors.
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