The Alaska Department of Labor and Workforce Development recently released information about Alaska’s wages in Q3 of 2017. The details show that wages were down 3.6 percent from the same period in 2016. Total wages, which are not adjusted for inflation, have been on the decline since Q1 2016. The only quarter with a slight increase was Q1 2017, and that increase was only a half of a percent.
Construction saw the greatest decrease in wages at 12.8 percent. Oil and gas also had a large decrease with 8.8 percent. Sectors with an increase included seafood processing, leisure and hospitality, and health care with increases of 4.3, 0.4, and 0.7 percent, respectively.
Only 10 of the 29 boroughs and census areas in Alaska had an increase in Q3 2017. The total wage growth was $25.5 million, in contrast, the 19 boroughs and census areas that lost wages were down $196.9 million.
Most of the state’s lost wages occurred in Anchorage, the Fairbanks North Star Borough and the North Slope Borough. These three areas lost $152.9 million collectively. This accounted for 90 percent of the net wages lost.
For detailed information on industries, boroughs or census areas, visit Department of Labor.
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