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By Dan Rudy 

Labor report forecasts significant job loss in 2017

 

January 12, 2017

Submitted Illustration/ Department of Labor

In the chart above, the percentage change for employment totals in Southeast Alaska is forecast to continue a several-year downturn. The figures indicate the percentage change over the previous year, with most of the coming year's losses anticipated in government positions.

A report released by the Alaska Department of Labor and Workforce Development late last week is forecasting a 1.7-percent drop in employment this year from expected 2016 numbers.

The forecast predicts a loss of around 600 jobs in the region over the coming year, with half that to be expected from state government. Southeast lost over 500 state jobs between 2014 and 2016, after a sharp drop in oil revenues pushed the state budget into a sustained, multi-billion-dollar deficit. The drop may be the second-largest the region has experienced in a decade, after a 2.2-percent post-recessionary fal...



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