Two Minimum Wage Increases Set for 2025
Minimum wage earners get two raises in 2025. An inflation adjustment to $11.91 takes effect in January before a voter-approved hike to $13 per hour in July.
Tag: Economy
National Park Tourism in Alaska Contributes $2.3B to State Economy
The National Park Service reports that 3.3 million visitors to national parks in Alaska spent $1.5 billion in the state in 2023.
Economic Value Reports Highlights Seafood Industry’s Impact in Alaska
The 2024 update of The Economic Value of Alaska’s Seafood Industry report acknowledges market struggles in 2022 and 2023.
Last Year’s Inflation Pushes Next Year’s Minimum Wage Up by Almost a Dollar
High inflation in 2022 means higher pay in 2024. Thanks to an automatic adjustment, the state minimum wage is rising from $10.85 per hour to $11.73 for the new year.
Alaska Forecast to Lose 16 Franchised Businesses in 2023
An annual report by the International Franchise Association forecasts that Alaska will lose sixteen franchised businesses in 2023, despite continued economic output.
2023 Alaska Economic Forecast: Ready for recovery, dragged by workforce woes
Alaska’s economy remains among the nation’s lowest performing, yet other indicators suggest potential for growth and recovery in 2023.
Resource Industries Expect Stronger, Stranger Economy in 2023
Nearly recovered from the COVID-19 slump, Alaska’s resource industries are optimistic for 2023—if enough workers can be found to fill job openings.
Inflation Pushes Minimum Wage Up by $0.51 for 2023
High inflation in 2022 means higher pay in 2023. Thanks to an automatic adjustment, the state minimum wage is rising from $10.34 per hour to $10.85.
Housing Report: Anchorage Area a Seller’s Market
The US Department of Housing and Urban Development crunched numbers for 2020 and found average prices increased 8 to 9 percent, with demand exceeding supply.
Small Businesses Optimistic for 2022, Survey Shows
The fifth annual survey by the Alaska Small Business Development Center at UAA finds a more positive attitude among business owners, compared to the challenges of the last two years.