Days after the latest state budget was passed by the legislature, Alaska's top economic experts are weighing in on what to expect for the job market in coming years.
ANCHORAGE, Alaska - Alaska’s state legislature needed a one-day special session to finally hammer out Alaska’s budget, but thedoes not solve the long-term revenue and spending issues affecting the state finances; issues that reflect the changing economic realities of the state, the declining — but still vital — role of oil production, an unsure future for the fishing and seafood industry, and population declines.
Right now, Alaska has a “people” problem, according to Neal Fried, an economist with the Alaska Department of Labor. Even though there are now many unfilled jobs in the state, Alaskans are concerned about a future where oil and gas jobs are declining. Industry leaders, however, say studies show it’s much too early to write an epitaph for oil jobs in Alaska.
University of Alaska Anchorage associate economics professor Kevin Berry agrees that focusing on higher education as well as physical infrastructure will lead to economic growth, even if it’s impossible to know exactly what jobs might sprout. Fried said he believes it’s tougher to predict what will happen to jobs in the fishing and seafood industry because the different parts of the industry face such different and complex challenges, including climate change.
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