Labor report forecasts significant job loss in 2017

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 fall i...

 
 

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