2018 Alaska economic trends nyc electricity cost per kwh

Alaska’s marijuana industry is still in its infancy. Voters legalized recreational use in 2014, but marijuana wasn’t available commercially until 2016. Most licenses are less than a year old, and many licensed marijuana businesses don’t yet show up in wage and salary records because they don’t have employees. However, initial data show a steady increase in tax revenue, wages and employment, and the number of licenses in Alaska.

The Fairbanks North Star Borough, at the center of Alaska’s interior in the Tanana Valley, is North America’s northernmost settlement of its size. While the borough has just two incorporated cities — Fairbanks and North Pole — and a handful of smaller communities, its land mass is about the size of New Jersey.

Alaska has the highest population turnover of any state, with large numbers of people moving both in and out each year regardless of economic conditions. Although the percentage of residents born in Alaska has risen over time — 41 percent today versus 32 percent in 1980 — Alaska’s population remains highly migratory compared to the rest of the U.S.

Prudhoe Bay, home to the nation’s largest oil field, is what single-handedly transformed Alaska into an oil-producing powerhouse and became the source of the state’s greatest wealth. According to historian Terrance Cole, “The balance sheet of Alaskan history is simple: One Prudhoe Bay is worth more in real dollars than everything that has been dug out, cut down, caught, or killed in Alaska since the beginning of time.” And yet, it’s a place few Alaskans ever visit.

Losses were deepest in 2016 when the state’s economy shed 6,300 jobs, primarily in oil and gas and in state government. Then in 2017, Alaska lost an estimated 3,600 jobs. If it hadn’t been for strong health care growth, the overall job loss would have been deeper.

Alaska’s marijuana industry is still in its infancy. Voters legalized recreational use in 2014, but marijuana wasn’t available commercially until 2016. Most licenses are less than a year old, and many licensed marijuana businesses don’t yet show up in wage and salary records because they don’t have employees. However, initial data show a steady increase in tax revenue, wages and employment, and the number of licenses in Alaska.

The Fairbanks North Star Borough, at the center of Alaska’s interior in the Tanana Valley, is North America’s northernmost settlement of its size. While the borough has just two incorporated cities — Fairbanks and North Pole — and a handful of smaller communities, its land mass is about the size of New Jersey.

Alaska has the highest population turnover of any state, with large numbers of people moving both in and out each year regardless of economic conditions. Although the percentage of residents born in Alaska has risen over time — 41 percent today versus 32 percent in 1980 — Alaska’s population remains highly migratory compared to the rest of the U.S.

Prudhoe Bay, home to the nation’s largest oil field, is what single-handedly transformed Alaska into an oil-producing powerhouse and became the source of the state’s greatest wealth. According to historian Terrance Cole, “The balance sheet of Alaskan history is simple: One Prudhoe Bay is worth more in real dollars than everything that has been dug out, cut down, caught, or killed in Alaska since the beginning of time.” And yet, it’s a place few Alaskans ever visit.

Losses were deepest in 2016 when the state’s economy shed 6,300 jobs, primarily in oil and gas and in state government. Then in 2017, Alaska lost an estimated 3,600 jobs. If it hadn’t been for strong health care growth, the overall job loss would have been deeper.