Anchorage unemployment fell to 4.9 percent in September, according to the latest employment report released by the Anchorage Economic Development Corp. and sponsored by First National Bank Alaska. With the highest jobs total on record for the month, coupled with a low year-to-date unemployment rate, Anchorage’s labor market is typical of a “full employment” environment.
Employment from January through September showed a net increase of 411 jobs over the same period in 2013. Leading the way, the private sector has grown by 1,033 jobs year to date, for a growth rate of 0.8 percent. These gains make up for losses in government employment, which shows 622 fewer jobs than at this time last year.
Although growth in goods-producing jobs peaked in August and is now into its annual decline, the monthly total for oil and gas employment is the highest it’s been since 1991, at 3,700 jobs. In the service-providing sector, the information industry maintained its position as the fastest growing area with a growth rate of 2.02 percent so far this year. September’s overall jobs total of 160,600 is the highest September total on record.
“Each year, the total jobs number declines from August to December,” said Bill Popp, AEDC president and CEO. “We are seeing that decline happen less quickly than expected, suggesting that this year’s job gains are here to stay.”
The complete Anchorage employment report sponsored by First National Bank Alaska is available at www.AEDCweb.com. The employment report is compiled by the AEDC Research Department and all data in the report is referenced from the State of Alaska, Dept. of Labor and Workforce Development and U.S. Bureau of Labor Statistics.
Two Alaskan leaders and the Anchorage Economic Development Corp. were honored by the International Economic Development Council at its annual conference this week in Fort Worth, Texas. Alaska Department of Commerce, Community and Economic Development Deputy Commissioner Jon Bittner and Rasmuson Foundation President and CEO Diane Kaplan received individual honors, while AEDC earned four awards of excellence, including gold for its “I Love Anchorage” Instagram project. Anchorage will be the host city for the international conference in 2015.
Jon Bittner was recognized as the Young Economic Development Professional of the Year, an international honor that recognizes the outstanding achievement by a young, emerging leader in the economic development profession. Bittner was selected for his recent work as vice president of AEDC, in support of developing the Alaska economy by attracting new businesses to Anchorage while incubating others from within. To achieve these goals, Bittner developed a strong entrepreneurial community in Anchorage by creating Alaska Entrepreneurship Week and founding the Alaska Maker Group. He created several foreign direct investment programs, and made inroads with several community partners to address long-term barriers to economic growth in the city. He recently joined the Alaska Department of Commerce, Community and Economic Development as deputy commissioner to provide the same innovative opportunities and outreach for communities across Alaska.
Rasmuson Foundation’s Diane Kaplan received the Institutional Leadership Award for her sustained effort and support of economic development programs throughout the state. Rasmuson Foundation has made significant investments that align with and support AEDC’s strategy of making Anchorage the no. 1 city in America to live, work and play. In particular, Kaplan has led the Foundation’s support for quality parks and recreational opportunities for city residents; the development of an economy that encourages working artists; and programming innovation for cultural organizations through creative placemaking activities. The Foundation is a collaborator in Housing Anchorage to insure the city features a variety of affordable housing to attract a dynamic workforce; and has invested millions in Anchorage’s libraries, universities and social service agencies.
AEDC brought four Excellence in Economic Development Awards back to Anchorage. The awards recognize the world’s best economic development programs and partnerships, marketing materials and the year’s most influential leaders. AEDC earned top honors, gold, for its “I Love Anchorage” Instagram project that launched in October 2013. The project has featured more than 50 guest hosts, each a resident of Anchorage, and each sharing their own diverse perspective of the city they live, work and play in. The economic development corporation’s digital magazine dedicated to local entrepreneurship, “AEDC Connections: Entrepreneurship Edition,” earned a silver award along with its special event “Pitch-on-a-Train.” AEDC’s first Anchorage Mini-Maker Faire was recognized with a bronze award for special events.
The AEDC Resource Extraction Report projects the potential jobs and investments that could be made by the resource extraction industry over the next decade. The report is sponsored by Northrim Bank and the research support is provided by Petroleum News, North of 60 Mining, Dan Dickenson and the AEDC research director, James Starzec.
In the 2014 Resource Extraction Report, it is projected that 20,000 jobs could be created by potentially $68 billion in investments proposed by the natural resource extraction industry over the next 10 years.
Friday, Nov. 7, 2014
5 - 7 p.m.