News and Announcements
In 2019, the Alaska economy emerged from a 3-year recession after losing more than 11,000 jobs between 2015 and 2018. The recovery has, however, been modest as employment averaged 0.4% or 1,400 more jobs between January and November 2019 relative to the same period last year. Oil & Gas and Construction have led this growth as they averaged 510 and 720 more jobs, respectively. It is also important to note that the recovery has been uneven. While we only have borough level data until the month of June, figure 1 shows that a considerable number of boroughs/census areas were still losing jobs as of June 2019.
In this brief, we summarize the state’s unrestricted general fund revenues, agency operations spending, and capital budget spending between fiscal years 1975 and 2021. The severe decline in oil prices in 2015 resulted in a significant revenue decline which has then resulted in spending reductions at both the agency operation level and the capital budget. For fiscal year 2021, capital spending per person will be the third lowest since 1975 and Agency Operations will be the sixth lowest in real dollars.
A new paper by CBHRS researchers Dr. Bridget Hanson and Becky Porter describes experiences of Alaskans using naloxone to prevent opioid overdose in their peers. Participants described naloxone as easy to use and effective in reversing overdose. They emphasized the need to have naloxone widely available in order to prevent overdose death. […]
ISER’s Dr. Jen Schmidt traveled to Tanana this past October to discuss the results of an ongoing fuel meter data collection project alongside Alaska Center for Energy and Power’s (ACEP) Alana Vilagi and Baxter Bond. […]
Two emeriti ISER directors, Scott Goldsmith and Gunnar Knapp, debated how best to manage the Permanent Fund at a Commonwealth North lunch at the Petroleum Club on November 8, 2019. The specific resolution for the debate was: “Resolved: The Alaska Constitution should be amended to specify that the Permanent Fund should be managed as an endowment, with a limited and sustainable annual distribution.” Under the format of the debate, a coin was flipped at the beginning of the debate to determine which side each debater would defend. Knapp drew the “pro” side and Goldsmith the “con.” To learn more, check out [...]
Not surprisingly, Alaskans remain keenly interested in both the short-term and long-term prospects for the Alaska economy. ISER continues to give requested presentations on the Alaska economy and the state budget to civic groups. On October 18, Mouhcine Guettabi and Ralph Townsend participated in a panel entitled “Alaska’s Economy: Facts, Fiction and Figures” at the Alaska Federation of Natives (AFN) Convention in Fairbanks. In the panel, Mouhcine presented a talk entitled "Alaska's economic and fiscal situation." On December 3, Ralph Townsend gave a similar presentation to the Anchorage Harvard-Yale-Princeton Club lunch entitled “Recovery and Budget Cuts: Preliminary Evidence for Alaska and [...]