Wages for Alaskans working year-round are about $4,000 lower than they were 25 years ago, according to a report by state labor economists. Yet Alaskans are earning more money than they were in 1989, even when inflation is taken into account.
Moody's Investors Service on Monday highlighted Shell's decision to cease exploration in Arctic waters off Alaska as another setback on top of prolonged low oil prices, but the agency has not announced plans to change the state's positive credit rating.Jeannette Lee Falsey
Alaska's investment earnings last year plunged by nearly 70 percent from the previous year's record earnings of $8 billion. The drop comes as state leaders are increasingly looking to use the Permanent Fund to pay for state government.Pat Forgey
Views on the impact of a Shell pullout from the already fragile Alaska economy ranged from dire to cautious Monday, from near-term job losses to long-term prospects for development in the Arctic.Alex DeMarban
Exports from Usibelli, the only operating coal mine in Alaska, will come to a halt for the rest of the year as sustained drops in global price and demand force the temporary closure of the coal loading facility in Seward.Jeannette Lee Falsey
The vast majority of Alaskans will be $2,072 richer when they receive their Permanent Fund dividend checks from the state next month, an amount unveiled Monday morning at an event hosted by Gov. Bill Walker.
The vast majority of Alaskans will be $2,072 richer when they receive their Permanent Fund dividend checks from the state next month, an amount unveiled Monday morning at an event hosted by Gov. Bill Walker.Chris Klint,Sean Doogan
I gave my boss 110 percent but couldn't convince him to make the necessary changes. Now that the business is failing and most of us have been let go, I'm feeling this layoff as a personal betrayal.Lynne Curry