Juneau, Alaska

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

Economy

Alaska by the Numbers – FY20 Totals

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 […]

Flattening the Recession Curve

You’ve probably heard the phrase “flatten the curve” quite a bit over the last month. It’s been popular when talking about the current pandemic. Economists use a similar model, except that we want money to pass from person to person as fast as possible. The tie between epidemiology and economics […]

The Economic Damage of the Pandemic

At this point, you’ve probably heard more about the COVID-19 than you can stand. I feel you. And I don’t want to pile on to the discussion about the disease itself. But, the measures to protect public health will have economic consequences. While doing a full analysis of that economic […]

Why is Alaska’s Population Declining?

The Department of Labor published Alaska’s annual population numbers in January. It shows a reduction of 3,048 people in FY19. That is the third annual loss in population in a row.    On a quarterly basis, the available U.S. Census data suggests we’ve been losing population for 12 consecutive quarters […]

Like It or Not, Alaska’s Economy is Growing

It was over a year ago that I pointed out that Alaska was on the verge of a recovery. Wages were starting to grow again, and I predicted that jobs would follow suit. When we look at the data today, it’s clear that those predictions came true. Yet, I still […]

Jobs Forecast Challenge: Me vs ISER

On Monday, ISER gave a presentation that suggested the vetoes would cost the economy 4,217 jobs and would send the State whirling back into a recession. I disagree. While it’s ok for us to have different ideas, only one of us will be right. Unfortunately, most people don’t care to […]

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 beĀ 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 […]