By Scott Goldsmith
Final data on employment thru the 2nd quarter of 2017 from the Alaska Department of Labor shows that all regions of the state lost jobs in the 2nd quarter compared to a year earlier. The statewide rate of decline so far has been 1.7 percent this year compared to 1.4 percent last year.
The performance of Anchorage, the largest labor market, followed by that of the state. Fairbanks and Kenai had larger percentage declines last year, probably due to the large loss of petroleum related jobs. Matsu and Juneau are experiencing more rapid rates of decline this year than last year. Significantly, employment growth in the Matsu turned negative for the first time in the most recent quarter. The rest of the state has seen a more rapid rate of job loss both years than any of the larger labor markets in the state.
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