Alaska economy 'nowhere near a return to normalcy'

Alaska’s economy isn’t getting worse, but it could also be a long way from substantial improvement.

University of Alaska Anchorage Institute for Social and Economic Research economist Mouchine Guettabi said many of the indicators showing improvements in recent months are more tied to the normal seasonality of the state’s economy and less about a recovery from the forces of the pandemic.

“Our losses ballooned over the summer and then shrunk back down in fall and the winter. That doesn’t mean things are getting better; it just means that we’re losing … fewer jobs in the economy,” Guettabi told a...

 

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