JUNEAU, Alaska—The Alaska minimum wage will increase from $9.89 to $10.19 in 2020. Voters passed a ballot initiative in 2014 to adjust the minimum wage annually for inflation. Alaska Statute 23.10.065(a) requires the Alaska minimum wage to be adjusted using the Consumer Price Index for All Urban Consumers, formerly the Anchorage CPI, for the […]
JUNEAU, Alaska—Alaska’s employment was up an estimated 0.4 percent in October, or 1,400 jobs, from October 2018. The seasonally adjusted unemployment rate remained at 6.2 percent while the comparable national rate rose to 3.6 percent. Oil and gas gained the most jobs (500), followed by construction (400). Leisure and hospitality, professional and business services and […]
JUNEAU, Alaska—Newly released data for the first half of 2019 show total wages up $355 million from the first half of 2018, with increases in all of Alaska’s major industries and sectors. The 4.0 percent wage growth exceeded inflation, which was 2.6 percent over the period. Private sector wages grew 4.8 percent overall. Construction wages […]
JUNEAU, Alaska—Alaska’s employment was up an estimated 0.5 percent in July, or 1,800 jobs, from July 2018. The seasonally adjusted unemployment rate fell to 6.3 percent while the comparable national rate remained at 3.7 percent. Job growth was widespread in Alaska’s private sector, although a few industries continued to lose jobs. Construction added the […]