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King Economics Group is a nonpartisan consulting firm that specializes in Alaska's economy. We offer economic support and expert advice to business leaders and government officials so that they can make informed decisions. Because Alaska's economy is so heavily dependent on government and natural resources, those are our primary areas of expertise. Our experts are ready to make your event memorable, provide you with the insights you need to move forward, and to help your organization prepare for the uncertain future.
When oil started flowing off Alaska’s North Slope, State leaders knew they had a problem. Because the natural course of an oil field’s life is to decline, it wasn’t hard to imagine that revenues would follow suit. If Alaska spent the money as it entered the treasury, it would cause a boom a bust in[…]
As the New Year begins, we will have to wait another month for the official data on how the last one ended. But, we can take some time to look at the information we already have to gain some insight into how the year wrapped up. The Labor Market Continues to Suffer It’s hard to[…]
Governor Dunleavy released his proposal for the Fiscal Year 2022 budget last week. It will serve as the starting place for the legislature as they begin work in January. According to the Office of Management and Budget (OMB) documents, the proposal includes $294.6 million in reductions. Unfortunately, people often speak first and sort out the[…]
November 2020 was a month of resolving uncertainty and moving back toward normal. Alaska’s economy still faces significant headwinds, but recovery is in sight. Here are some of the highlights. Alaska’s labor market improved, but is still hurting The Alaska Department of Labor reports that Alaska’s official unemployment rate is back to pre-pandemic levels. The[…]
The government’s actions have a major impact on our economy. The decisions on how much to spend, tax, and distribute to the people all ripple through the rest of the system. Now that the election results are in, we can start to speculate on what the legislature will look like during the 2021 session. Senate[…]
The Covid-19 pandemic is increasing around the world again as the cold weather season begins — just as every predictive model in the world suggested it would. Calls for aggressive actions to combat the virus are wreaking havoc on the markets. Fears of another round of shut-downs bring back bad memories of negative oil prices[…]
Talking about the Permanent Fund can be confusing. There are a lot of moving pieces. But, the illustration above shows how all of those pieces connect. The rest of this article will try to break the key points down a little more clearly. There is a rich history around the fund, its intent, and its[…]
With the first quarter of fiscal year 2021 in the books, there is still a lot of uncertainty in the air. But, a sense of optimism remains. The economy is slowly recovering, oil price stayed flat, production is looking better, and investment earnings are strong. Here are a few highlight from September 2020. The economy[…]
The economy is slowly starting to recover, oil prices hit a plateau, and North Slope production is back to full rate.
Alaska by the Numbers – August 2020
Fiscal year 2020 came to an end on June 30th, 2020. Most of the official data for the year are now available. Here is a brief wrap up of how the year went. After 9 months of gains, Alaska ended the year down 40,000 jobs Alaska’s economy was up 1,700 jobs during the first three[…]