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Modest employment growth predicted in Alaska

By Associated Press 5:07 PM January 3, 2014

The forecast was included in the department's monthly Alaska Economic Trends publication released Thursday.

JUNEAU, Alaska (AP) – The state of Alaska should have modest employment growth over the next 12 months.

The Juneau Empire reports (http://is.gd/eJIrfw) the Alaska Department of Labor and Workforce Development projects employment to grow by 0.4 percent in 2014.

The forecast was included in the department’s monthly Alaska Economic Trends publication released Thursday.

State economist Caroline Schultz said 2014 is expected to be the fifth consecutive year of increased employment statewide, but this year’s expected growth will be below the 10-year average.

She says shrinking government employment is a major reason for the tempered forecast. Federal government jobs have been declining in Alaska since 2011.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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