In the 2013 fishing season, Alaskan fishers were able to accumulate a total of 5.8 billion pounds of seafood, which equates to an evaluation of $1.9 billion, a small, but noticeable increase in comparison to 2012, which had a total of 5.3 billion and $1.7 billion respectively.[10]. visitors to Juneau tops 800,000 each year, accounting for about half of Comments (0). The grim economic news for the region was presented at Southeast Conference's annual meeting on Tuesday morning. He opened up a little later than normal, and he was able to get a loan from the federal Paycheck Protection Program, which is helping him ride out the summer. The most common racial or ethnic group living below the poverty line in Juneau, AK is White, followed by Two Or More and Native American. The industries with the best median earnings for women in 2020 are Construction ($79,167), Agriculture, Forestry, Fishing & Hunting, & Mining ($75,556), and Manufacturing ($57,500). Both have exceeded pre-pandemic job levels. The median tuition cost in Juneau, AK for a public four year colleges is $7,250 for in-state students and $23,154 for out-of-state students. | national average. In collaboration with other organizations, JEDC implements initiatives to maintain, expand, and create jobs and economic opportunities. interested in family, adventure, and environment-related activities. She says this report reads as a kind of manual for how to best support businesses. JUNEAU, Alaska April's job count was up by 6,100, or 2.0 percent, from April 2022. Alaska Department of Community and Economic Development, Research Thursday, October 13, 2022 at 8:58 AM. Meilani Schijvens, director of Rain Coast Data which authored the report, stated its findings and the UAs report can also be reconciled. "Alaska Grown" is used as an agricultural slogan. I tell people that this report is really heavy, she said. Nearly half of Juneau's working population is employed by the The average Economic Policy Analyst salary in Juneau, AK is $60,764 as of November 23, 2022, but the salary range typically falls between $53,442 and $69,657. Ongoing efforts are being made to Gains were largest in transportation, warehousing and utilities (+2,300), leisure and hospitality (+2,100), and professional and business services (+700). The homeownership rate in Juneau, AK is 64.6%, which is approximately the same as the national average of 64.4%. In 2012, Alaska accounted for 8.1% of American crude oil production, ranking behind Texas (30.6%), North Dakota (10.2%), and California (8.3%). This chart illustrates the share breakdown of the primary jobs held by residents of Juneau, AK. You have to look at the context, said Neil Fried, senior economist for the Alaska Department of Labor and Workforce Development, who delivered last weeks prosperity speech at a conference in Anchorage. 12 were here. In February, the most recent month available, both had about one unemployed worker for every two job openings. Most dramatically, the share of Alaska Natives in the large urban areas increased from 17 to 32 percent from 1970 to 2000. . But so far, McCasland says his business is holding up. www.JEDC.org, 2023 JEDC. During that The following chart displays the households in Juneau, AK distributed between a series of car ownership buckets compared to the national averages for each bucket. Juneau Tourism Management Plan, 2002 Leisure and hospitality, an industry that was hit hard by the pandemic, added 2,100 jobs over the year. As of 2020, 97% of Juneau, AK residents were US citizens, which is higher than the national average of 93.4%. (Clarise Larson / Juneau Empire). federal, state, or local government. The number of students enrolled in 2020 was 2,070 (32.9% men and 67.1% women). Juneau: Alaska's Capital City. | The net migration rate can thus be used as a rough gauge of the desirability of a place for a point in time.. This issue of Trends focuses on spikes in the cost of living, and attributes a lot of that to. Juneau Assembly OK's $50,000 for new city hall advocacy Report: Alaska economy rebounding; inflation up - Juneau Empire Economy in Juneau, Alaska - Sperling's BestPlaces Fax: (907) 463-3929 severe economic The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. Juneau has seen the job market decrease by -1.0% over the last year. and information to firms interested in foreign trade and investment, This chart shows the percentage of owner in Juneau, AK compared it's parent and neighboring geographies. The student population of Juneau, AK in 2020 is skewed towards women, with 682 male students and 1,388 female students. This report contains information from law enforcement and public safety agencies. All Alaska industries grew or remained flat over the year. 90.6% of the population of Juneau, AK has health coverage, with 54.5% on employee plans, 11.1% on Medicaid, 10.1% on Medicare, 12.6% on non-group plans, and 2.46% on military or VA plans. Due to the northern climate and steep terrain, relatively little farming occurs in Alaska. | | (University of Alaska Center for Economic Development) And while the findings look pretty bleak, it could serve as a roadmap for where to go next. Use the dropdown to filter by race/ethnicity. This visualization illustrates the percentage distribution of the population according to the highest educational level reached. Economy of the United States by jurisdiction, https://en.wikipedia.org/w/index.php?title=Economy_of_Alaska&oldid=1161300475, All articles with bare URLs for citations, Articles with bare URLs for citations from March 2022, Articles with plain text file bare URLs for citations, Short description is different from Wikidata, Wikipedia articles in need of updating from October 2020, All Wikipedia articles in need of updating, Articles with empty sections from April 2015, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 21 June 2023, at 21:15. KTOO provides a variety of public services throughout Alaska. 250 positions for its 10 to 15 years of operation. The economic trends report states that demand for goods and services "plummeted" in 2020, as did prices: Energy costs fell by 10.6%; transportation . Senatorial voting results are only available at the state level. Willoughby Ave., Ste. According to the Energy Information Administration, Alaska ranks fourth in the nation in crude oil production. Overall, Alaska had 7,600 fewer jobs than in November 2019. If you're looking for more than seafood, Juneau offers a variety of delicious options. McCasland emphatically states that hes one of the fortunate businesses. The Juneau airport includes a paved 8,456-foot runway and a seaplane (October 2020) In a report compiled by the Alaskan Government, the real GDP of Alaska was $51.1 billion in 2011, $52.9 billion in 2012 and $51.5 billion in 2013. Alaska's economy depends heavily on increasingly expensive diesel fuel for heating, transportation, electric power and light. But so far, McCasland says his business is holding up. He feels empathy for his downtown neighbors who dont have the outdoor space to spread out and make guests feel more secure. The personal tax burden in Alaska is extremely low. Southeast Alaska economy: 'Every year from now on, we're - KTOO Senior citizens enjoy a $150,000 Juneau, AK 99801 Phone 907-523-2300 Fax 907-463-3929 December 1, 2020 Dear Readers, The Juneau Economic Development Council is pleased to present the 2020 edition of the Juneau and Southeast Alaska Economic Indicators report to our community. In his 2015 state of the State address, Alaska Governor Bill Walker referred to the tourism industry as a "healthy and vital industry which showcases a dynamic partnership between private enterprise and state and local government, one that has the potential of limitless growth and contribution to our economic well-being.[18]. Juneau Restaurants | Seafood, Craft Beer & Downtown Dining Statewide Comprehensive Economic Development Strategy PDF Juneau and Southeast Alaska Economic Indicators and Outlook, December The states seasonally adjusted unemployment rate was 3.8 percent in February no change from Januarys revised rate and the comparable U.S. rate was 3.6 percent, up from 3.4 percent in January. Overall, Alaska had 4,900 fewer jobs than in December 2019. shareholders, has its headquarters in Juneau. 2023 Compare Cities Economy: Juneau, AK vs Nome, AK Change Cities. Southeast Alaskas economy suffered a threefold hit from the wider economic setbacks of the pandemic, the devastation of tourism, and 2020 was also the slowest fishing year, or one of the slowest, in the regions history, Schijvens said. Primary care physicians in Juneau City and Borough, AK see an average of 823 patients per year. JUNEAU. The Juneau Economic Development Council (JEDC) fosters a healthy and sustainable economic climate in Juneau and throughout Southeast Alaska. Unemployment: The U.S. economy has a period of historically low unemployment prior to the pandemic, dropping to a multi-decade low of 3.7% in 2019. Alaska ballot measure filed to set term limits for state legislators The states employment stagnated between 2018 and the onset of the pandemic in early 2020, and while U.S. employment reached pre-pandemic levels in the summer of 2022, Alaska employment remains well below.. A chart shows Alaskas employment growth since 2015 trailing far behind the national average, according to a study released this month showing the states overall economic performance is among the worst in the country. Alaska News Nightly: Monday, July 3, 2023 Fish and Wildlife Service, U.S. JUNEAU, Alaska Decembers job count was up 2.1 percent from December 2021, an increase of 6,400 jobs. Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data. From 2015 to 2021 state GDP shrank by 7.1%, the second largest decline of all 50 states plus the District of Columbia. | Tourism is the largest private-sector employer. New York has the second highest (5,087), followed by Florida (4,915). As of June, fewer businesses in Southeast Alaska reported receiving federal COVID relief funds compared to distributions across the state. The primary crops are potatoes, carrots, lettuce, and cabbage. The short 100-day growing season limits the crops that can be grown, but the long sunny summer days make for productive growing seasons. of forested land within the area's rainforest. The states seasonally adjusted unemployment rate was 4.5 percent in November and the comparable U.S. rate was 3.7 percent, both unchanged from the month before. Contact Us - Alaska Department of Commerce, Community, and Economic The economy of Juneau, AK employs 16.4k people. property tax exemption or a renter's rebate. All Alaska industries grew over the year except Information, which was flat. Nearly 85 percent of the state budget is supplied by oil revenues. The following map shows all of the places in Juneau, AK colored by their Median Household Income (Total). Entrepreneurs can go to the Posted by Alaskanomics at 01:00 PM in Alaska's Economy, Jobs | Permalink The choices are practically endless, and all are within walking distance . But across the region, that number is even higher: 23%. Showing data at the state level for Alaska. Manufacturing employment in Alaska is primarily in seafood processing and changes considerably on a monthly as well as a yearly basis according to the harvest season, catch, and available workforce. Not surprisingly, businesses that get a major boost from tourism have been hit the hardest. Nearly all industries recorded growth, but most remained below pre-pandemic levels. Our primary focus: help make Juneau a great capital city; strengthen key regional industry; promote entrepreneurship and small business; develop talent; and deliver core economic development services. While some states had higher employment in 2020 and 2021, Alaskas overall rate of 6.5% between 2015 and 2021 is far above the national average of 5.1% and the second highest behind Nevada at 7.2%. The things young families need to live and to prosper and to stay, were not doing well, she said. About In 2020, Juneau, AK had a population of 32.1k people with a median age of 38.5 and a median household income of $88,077. People walk the docks during a busy cruise ship day as the sun sets in downtown Juneau on Aug. 29. | Posted by Alaskanomics at 12:04 PM in Alaska's Economy, Jobs | Permalink Posted by Alaskanomics at 10:25 AM in Alaska's Economy, Jobs | Permalink Enjoy handcrafted hamburgers and satisfying pub food. The graph shows the evolution of awarded degrees by degrees. Cost of Living - JEDC The availability of Manufacturing employment, which is mostly seafood processing in Alaska, can vary considerably from year to year. Its really depressing.. Alaska's economic recovery lags behind most states - KTOO National Park Service, National Marine Fisheries Service, Bureau of Indian Showing data for Alaska. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. The closest comparable wage GINI for Juneau, AK is from Alaska. In 2020, there were 5.72 times more White (Non-Hispanic) residents (20.4k people) in Juneau, AK than any other race or ethnicity. More. KTOO - News & Public Media from Alaska's Capital Alaskas unemployment rate is typically higher than the nations, but that trend has been less consistent during pandemic recovery. In collaboration with other organizations, JEDC implements initiatives to maintain, expand, and create jobs and economic opportunities. You can filter the data by race by using the selector above. Property tax rate: Programs include Injection Public, 4-year or above ($1,400) is the sector with the highest average net price of books and supplies. Farmers exhibit produce at the Alaska State Fair. Department of Labor and Workforce Development. The Juneau Economic Development Council (JEDC) fosters a healthy and sustainable economic climate in Juneau and throughout Southeast Alaska. Economic Information: Opinion: Alaska's economy desperately needs a clear - Juneau Empire Through this and other research publications, the JEDC hopes to increase awareness and engage citizens in local and regional economic issues. Northrim Bank hosted it's annual Community Summits in Soldotna, Anchorage and Fairbanks. Comments (0). Salmon hatcheries and a cold storage facility operate in Juneau Economic Development Council (Loren Holmes / ADN) JUNEAU A newly filed ballot measure would set term limits . Wyoming, with a decline of 9.9%, is the only state with a larger decline. The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. | Powered by WordPress. An essential feature of a healthy economic system is a healthy government. Gains were largest in leisure and hospitality (+2,000) and transportation, warehousing and utilities (+1,400), both of which sustained some of the biggest pandemic losses and are now above or approaching pre-pandemic job levels. The United States Geological Survey estimates that there are 85.4trillion cubic feet (2,420km3) of undiscovered, technically recoverable gas from natural gas hydrates on the Alaskan North Slope. Juneau Economic Development Council In the United States, senators are elected to 6-year terms with the terms for individual senators staggered. The two sectors that gained the most jobs were the two hit hardest by pandemic losses. None, Local income tax rate: Posted by Alaskanomics at 12:36 PM in Alaska's Economy, Jobs | Permalink Franklin Food Court in downtown Juneau is the kind of spot that normally draws in tourists and locals. Juneau Economic Development Council; Comprehensive Annual Financial Report; Size and Location. Manufacturing and financial https://media.ktoo.org/2020/08/14SECON.mp3. The drop-off that occurred between 2012 and 2013 has been attributed to the decline in the mining sector, specifically the oil and gas sectors, a consequence of declined production. Alaska governor creating economic team amid virus response That sounds. "2013 ALASKA ECONOMIC PERFORMANCE REPORT", Screening Report for Alaska Rural Energy Plan, "State Energy Data System (SEDS): 1960-2012 (Complete)", "Which Alaskan Cruise Line Is Right For You? Most businesses named access to grants and utility assistance as the top two things that could help get them through this year. At a special Assembly meeting Monday night, members authorized the city manager to spend $50,000 to provide . "Lower 48" and around the world. P.O. But his optimism is about the future outlook based on current trends, including an unemployment rate of 3.5% during late summer (down from 12.2% in May of 2020), rising wages and a rebound in oil prices. In rural areas, subsistence hunting and gathering is an essential activity because imported food is prohibitively expensive. residential. According to the Alaska Department of Labor and Workforce Development, the following were the state's largest private sector employers in 2010:[29]. Fax: (907) 463-3929 The overall labor force demonstrated The following is a summary of data regarding the Southeast Region labor In 2020, insured persons according to age ranges were distributed in 22.7% under 18 years, 21.7% between 18 and 34 years, 41.8% between 35 and 64 years, and 13.8% over 64 years. Forest Products Cluster Working Group Initiatives, Mining Services and Supply Cluster Working Group Action Initiatives, Ocean Products Cluster Working Group Action Initiatives, Prospective Southeast Alaska Arts and Culture Cluster Working Group, Renewable Energy Cluster Working Group Action Initiatives, Research and Development Cluster Working Group Action Initiatives, DCCED Announces Second Round of AK-ARPA Business Relief Program, Business hardship grant program in Juneau sees over 100 applicants, Coalition to form focused on southeast elder care, Juneau Economic Development Council (JEDC). Follow our blog for educational content, where we break down what's going on in Alaska's economy into bite-sized pieces. Between 2019 and 2020, the percent of uninsured citizens in Juneau, AK declined by 10.9% from 10.5% to 9.36%. All state departments have offices in However, dependence on one industry leaves Juneau vulnerable to to Alaska. Economy in Juneau, Alaska Juneau, Alaska United States / Alaska / Juneau Metro Area / Juneau City and Borough County / Juneau / Zip Codes Economy in Juneau, Alaska Juneau has an unemployment rate of 5.5%. Using averages, employees in Juneau, AK have a shorter commute time (15.3 minutes) than the normal US worker (26.9 minutes). She says this report reads as a kind of manual for how to best support businesses at this time. (907)465-4500; fax (907)465-2101; email raweb@labor.state.ak.us. 9360 Glacier Highway, #201 Juneau, AK 99801. Posted by Alaskanomics at 03:03 PM in Alaska's Economy | Permalink 1,250, professional and business services: In 2020, the top outbound Alaska domestic partner for goods and services (by dollars) was California with $10.4B, followed by Washington with $3.24B and Texas and $1.15B. The fortunes of Alaska's oil industry, and therefore many sectors of the economy, are dependent upon world oil prices. PDF Juneau: Alaska's Seat of Government [22] Fishing alone accounts for $652,498,723 in annual spending by non-residents including purchases of licenses, guides, equipment, and repair. Juneau, AK 99801 In 2020, Juneau, AK had a population of 32.1k people with a median age of 38.5 and a median household income of $88,077. The most common educational levels obtained by the working population in 2020 were High School or Equivalent (165k), Some college (154k), and Bachelors Degree (95.3k). force as of 2003. Some have embraced the free shipping offers[28] of some online retailers to purchase items much more cheaply than they could in their own communities, if they are available at all. As of 2020, 8.41% of Juneau, AK residents were born outside of the country (2.7k people). The Trans-Alaska Pipeline can pump up to 2.1 million barrels (330,000m3) of crude oil per day, more than any other crude oil pipeline in the United States. Economic Indicators - JEDC Juneau Economic Development Council, 612 W. Posted by Alaskanomics at 10:11 AM in Alaska's Economy, Jobs | Permalink The Southeast Alaska Revolving Loan Fund (RLF), since its formation in the total Alaska visitor market. P.O. Promote Entrepreneurship and Small Businesses. Meilani Schijvens from Rain Coast Data helped put the economic report together using surveys of 460 businesses across the region. Comments (0). In 2019, the percentage of foreign-born citizens in Juneau, AK was 8.78%, meaning that the rate has been decreasing. Box 21989 Juneau, Alaska 99801. Posted by Alaskanomics at 04:12 PM in Alaska's Economy | Permalink Schijvens says this report didnt show a lot of bright spots, but, she thinks the region still has a lot going for it. Juneau: Economy - Major Industries and Commercial Activity, Incentive 2004 (3rd Quarter) ACCRA Average House Price: This percentage declined from the previous year's rate of 64.8%. North America. None of the households in Juneau, AK reported speaking a non-English language at home as their primary shared language. vast natural resources insures utility costs somewhat lower than the Between 2019 and 2020 the population of Juneau, AK declined from 32,227 to 32,099, a 0.397% decrease and its median household income declined from $88,390 to $88,077, a 0.354% decrease. Job openings are high, and Alaska and the nation both had more available jobs than workers. state's royalty oil revenue. A chart shows Alaskas employment growth since 2015 trailing far behind the national average, according to a study released this month showing the states overall economic performance is among the worst in the country. Downtown Dining. Information has been on a long, gradual decline as the industry adjusts to changing technology. case-by-case basis. Coordinates: 58.30N 134.416W The City and Borough of Juneau, more commonly known simply as Juneau ( / duno / JOO-noh; Tlingit: Dznti K'iheni Athabaskan pronunciation: [tsnt khn] ), is the capital city of the U.S. state of Alaska. Patient to Primary Care Physician Ratio in Juneau City and Borough, AK, General Business Administration & Management. Fuel cost can exceed $8.00 per gallon. Free Content. The industry depends heavily on summer visitors, but November jobs in restaurants, hotels, bars and other leisure and hospitality businesses mostly serve Alaska customers. Our Team - JEDC Update the categories youd like to receive notifications about. The public sector was up over the year, led by local government, which includes public schools (+300). Because so many are employed in government, Juneau's workforce is There were 3.56k Two+ (Non-Hispanic) and 3.14k American Indian & Alaska Native (Non-Hispanic) residents, the second and third most common ethnic groups. (University of Alaska Center for Economic Development). As for Southeast Alaska, an annual economic assessment released by Southeast Conference expresses tremendous optimism among businesses, based largely on a strong rebound in cruise tourism this year and an expected record number of passengers next year. The 2022 Edition of the Juneau & Southeast Alaska Economic Indicators (PDF) was developed by the Juneau Economic Development Council (JEDC), with the support of the City and Borough of Juneau and corporate partners, and is now available to the public. In September 2022, Alaskas unemployment rate was only 4.4% a very low rate by historical standards, but still the fourth highest of all states and DC, the study notes. distress when government falters. | He opened up a little later than normal, and he was able to get a loan from the federal Paycheck Protection Program, which is helping him ride out the summer. Lisa Murkowski and Dan Sullivan are the senators currently representing the state of Alaska. Manufacturing is limited, with most food and general goods imported from elsewhere. The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting. Nonag. JUNEAU, Alaska (AP) Gov. Tempt your taste buds with pizza, or grab a panini. Box 111149 Juneau, AK 99811 Phone: (907) 465-4500 R&A Fax: (907) 308-2824 JEDC releases 2022 Juneau Economic report - KINY 1976 by voters allowing residents to receive 50 percent of the The largest share of households in Juneau, AK have 2 cars. Alaska has vast energy resources. New report outlines Juneau's climate future, and what we can - KTOO JUNEAU, Alaska Novembers job count was up 1.7 percent from last November, an increase of 5,200 jobs. Economy of Alaska - Wikipedia Juneau Economic Development Council 612 West Willoughby Avenue, Suite A Juneau, AK 99801 Phone: (907) 523-2300 Fax: (907) 463-3929 www.JEDC.org In 2020, the institution with the largest number of graduating students was University of Alaska Southeast with 556 degrees awarded. This is a 6.1% increase from the previous year ($10,428). The following chart shows US citizenship percentages in Juneau, AK compared to that of it's neighboring and parent geographies. Males in Alaska have an average income that is 1.27 times higher than the average income of females, which is $56,568. Nearly all industries recorded growth, but most remained below pre-pandemic levels. State government (-600) and manufacturing (-300) were the only two industries down over the year. Many of the new travelers are younger, more independent, and There are many guided activities that provide a way for visitors to access these experiences and for local and multi-national companies alike to conduct business. Schijvens says places like Petersburg were more insulated from the economic downfall because the community isnt as dependent on cruise ship tourism. Theres a lot of job opportunities and unemployment is at or near record lows.. Juneau Economic Development Council, 612 W. Willoughby Ave., Ste. He feels empathy for his downtown neighbors who dont have the outdoor space to spread out and make guests feel more secure. terminal. Alaska Department of Labor & Workforce Development, Research The following chart shows the 7 races represented in Juneau, AK as a share of the total population. Lifetime Southeast Alaska resident departing July 31 after career of more than 30 years. In addition to providing the Alaska Public Media program service to Southeast Alaska, KTOO-TV operates a full-time cable and satellite . Employment in the service sector should remain strong. In 2020, universities in Juneau, AK awarded 556 degrees. by community and economic sector, allowing the data to be used to form projections regarding the economic direction of Southeast Alaska.
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