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Description
Anchorage’s economic performance for 2002 was in sharp contrast to the national economy which saw a decline in jobs and a marked increase in the unemployment rate. The Anchorage unemployment rate inched up during the year to an annual average of 4.6 percent but remained well below the national average of 5.8. This report provides a forecast for job growth in sectors that are currently important to the sponsors of the report. AEDC predicts 1,750 jobs will be added to the Anchorage economy in 2003, an increase of 1.3 percent. As in years past, most of these new jobs will be in the fast growing service sector. Trade, utilities, government, and construction will also contribute to the growth. Petroleum and manufacturing employment should remain constant. Anchorage will continue to outperform the US economy. This forecast was updated in July 2003. That update summarizes changes by mid-year.
Publication Date
4-17-2003
Recommended Citation
Goldsmith, Scott, "Anchorage Economic Forecast, 2003" (2003). Reports. 347.
https://scholarworks.alaska.edu/uaa_iser_reports/347
Handle
http://hdl.handle.net/11122/12142