Alaskanomics

Alaska Assets 2022 Video and Presentations

Northrim Bank was a proud sponsor of Commonwealth North’s presentation of the 16th Annual Report to Alaska Shareholders - Alaska Assets 2022. The program details the financial performance of Alaska and its natural resources, financial and enterprise assets in fiscal year 2021 and features speakers:

• Mead Treadwell, former Alaska Lieutenant Governor
• Josh Goodman, Senior Officer, State Fiscal Health Project, Pew Charitable Trusts
• Corri Feige, Commissioner, Alaska Department of Natural Resources
• Lucinda Mahoney, Commissioner, Alaska Department of Revenue

View the slides from the presentation here. View Josh Goodman’s slides here.

May jobs up 2.9 percent from May 2021

JUNEAU, Alaska — May employment was 2.9 percent above May 2021, an increase of 8,900 jobs but still 15,300 below the same month in 2019, the year before the pandemic started.

The leisure and hospitality sector had 3,800 more jobs than last May but 4,100 fewer than May 2019. The transportation, warehousing and utilities sector was up 1,400 jobs over the year and down 2,200 from 2019. Oil and gas had 7,200 total jobs — 600 above year-ago levels and 2,500 below 2019.

Local government was up by 800 jobs over the year but down 2,100 from April 2019, mainly in public education. State government employment fell 600 below last year’s level and 1,200 short of 2019. Most public schools and university campuses operated in person this school year after a remote 2020-2021, resulting in higher employment, but total state government employment fell over the year with the phase-out of temporary pandemic-related positions. Federal employment was up 300 over the year and 500 jobs above 2019.

The state’s seasonally adjusted unemployment rate dropped to 4.7 percent in May, down from 4.8 percent in April. The comparable U.S. rate remained at 3.6 percent.

View data tables and charts (PDF)

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