WASHINGTON – U.S. consumer prices surged in May, jumping 5% from a year ago, the highest annual inflation rate in nearly 13 years, the Labor Department reported Thursday. The increase, in a variety of ways, is linked to the country’s recovery from the coronavirus pandemic, with merchants increasing prices as consumers — many of them […]
‘I don’t think this is a political issue. I see vaccinations as a pro-business policy.’ JUNEAU – The House Labor and Commerce Committee heard from business leaders across the state who emphasized the importance of vaccines in re-opening Alaska’s economy and keeping it open. Their testimony detailed the struggles that the COVID-19 pandemic has placed […]
JUNEAU, Alaska — Alaska’s March employment was down 6.9 percent from March 2020 — a loss of 21,900 jobs — as the pandemic continued to keep job counts well below year-ago levels. March data marks the last time we can compare a current month to a comparatively healthy pre-pandemic month. Massive job losses hit in […]
HOMER, AK — As Alaska struggles with a historic fiscal crisis – and as the mining industry seeks to position itself as an economic engine for Alaska – a new report concludes that increased hard rock mining cannot fill the gap left by waning petroleum revenues. The report – entitled “The Role of Metal Mining […]
“We’re going to be aggressively buying back, and consistently,” said Morgan Stanley chief executive James Gorman. For millions of regular Americans, the end of 2020 was marked by economic distress, with millions suffering pandemic-triggered job losses—and thus the loss of their employer-tied health insurance—still waiting on robust economic relief from federal lawmakers, and facing a weak social safety net. For the nation’s biggest banks, […]
U.S. President-elect Joe Biden unveiled a coronavirus response plan Thursday evening, emphasizing the urgency of passing legislation to help Americans through the pandemic and the economic crisis it has wrought. “During this pandemic, millions of Americans, through no fault of their own, have lost the dignity and respect that comes with a paycheck,” Biden said […]
“Trump pledged to eliminate the trade deficit and end job outsourcing, but the overall 2020 deficit is on track to be larger than when he took office, and his Labor Department has certified more than 300,000 American jobs were lost to outsourcing and imports during his presidency.” Donald Trump promised on the campaign trail […]
U.S. Democratic presidential candidate Joe Biden is set to unveil Tuesday a series of economic proposals focusing on working families as he campaigns with just more than 100 days remaining before voters decide between him and President Donald Trump. Biden’s campaign said he “will outline how his plan will build a robust 21st century caregiving […]
Alaska Sea Grant projects and programs produced over $8.5 million in economic benefits to the state last year, as reported to National Sea Grant. These benefits were the result of our work in marine safety training, seafood safety classes, seafood technology programs, professional consultations, and other activities. The creation and support of jobs and […]