2009 AEDC Economic Forecast Report

AEDC forecasts employment in Anchorage in 2009 will decrease slightly from the 2008 level. We expect some sectors of the Anchorage economy to add jobs, while others are likely to generate fewer jobs than last year. Increases in employment are expected in retail trade (200 jobs) and health care (100 jobs). Employment in the oil and gas sector and the government sector are expected to remain at about 2008 levels. AEDC anticipates job declines in the leisure and hospitality sector and the construction sector, both accounting for 200 fewer jobs in 2009. Due to anticipated cuts in air transportation, the transportation sector will also likely experience a loss of about 100 jobs. Employment in other sectors, including information, financial activities, manufacturing, and “other services” is not expected to change overall in 2009. Troop levels at Fort Richardson are expected to increase slightly while levels at Elmendorf Air Force Base are expected to remain stable in 2009. Overall, employment in Anchorage is expected to decline by about
100 jobs in 2009, a net change of less than one tenth of one percent. This forecast assumes no further significant decline in the national and global economies.

Download the full report (PDF file) here: 2009 AEDC Economic Forecast Report