Juneau, Alaska

(907) 699-6788 ed.king@kingecon.com

Economy

Thoughts on the Permanent Fund Investing in Alaska

Most people who read this blog are already aware of the recent decision by the Alaska Permanent Fund Corporation (APFC) to dedicate 5% of the fund’s balance toward investing in Alaska. The resolution, passed last week, initiated the process with $200 million of seed money out of the existing “special […]

How Important is the PFD to Alaska’s Economy?

In about a week, a total of $1 billion will be deposited into bank accounts across Alaska. Over 600,000 Alaskans will receive $1,600 each to spend however they choose. You will see just about every business in Alaska competing to capture a share of that bump in income. Clearly, the […]

Yes, PFD Cuts are Taxes

As the Permanent Fund Dividend (PFD) checks hit our bank accounts in a few weeks (October 4th), the deposit will be $1,600 for each of us. This isn’t news. We’ve known that since April. What you may not know is that those deposits are going to be¬†around $1,400 less than […]

Here is What We Think the July Job Numbers are Saying

The Alaska Department of Labor and Workforce Development released preliminary July job numbers on Friday. The general takeaway is that things aren’t better yet, but they are no longer getting worse. We have talked before about how the general health of the economy appears to be nearing the end of […]

Reconciling Oil Production Data

Every February, the State’s attention seems to turn toward the North Slope. People become interested in whether or not oil production has increased, and what the experts expect to happen next. Inevitably, this leads to questions about “fair share” and “competitiveness.” People voice different interpretations of the data they are […]

A Closer Look at Alaska’s Labor Force

It is the population of an economy that provides the supply of labor and the demand for goods. If the population is declining, you can make a safe bet that the economy isn’t doing well.¬† Many Alaskan’s have probably heard by now that Alaska’s population declined in 2017. If you […]

Understanding Economic Multipliers

If you’ve ever taken a macroeconomics course, there should be a distant memory of economic multipliers filed under “useless things I learned in college” somewhere in a dusty cabinet of your mind. It was probably presented to you as how one billion dollars of government spending magically turns into five […]

The Alaska Recession – By the Numbers

We peg the beginning of the Alaska recession at October of 2015. That is the point we identify as when the general economy began a downward trajectory. Prior to October 2015, we can identify some leading indicators that the economy was in trouble. But the data doesn’t show the economy […]

Fiscal Year 2018 Closing Numbers

Alaska’s fiscal year ends tomorrow, June 30th. While official numbers won’t be posted for several months, preliminary data is already available. Here’s what it looks like. Oil Price Alaska North Slope Crude oil ended up being a year of upward trending prices. While the price of oil ended the fiscal […]

4 Reasons for Alaska’s High Unemployment Rate

You’ve probably heard by now that Alaska currently has one of the highest unemployment rates in the nation. While this is true, it doesn’t quite mean what people think it does. Here a few reasons why. 1. Alaska has a higher “natural rate” of unemployment than other States There are […]