Oil Patch Leads Employment Losses in Alaska

oil drilling alaska doyondrilling dotcomFinal 2015 employment data reported by the Alaska Department of Labor shows a clear trend of growth slowing over the year and turning negative in the last quarter.  Even though the overall growth rate of employment for the year was .4 percent, by the end of 2015 employment was 2 thousand below the year before. The decline in employment was most evident in the oil and gas sector which, by the end of 2015, was 2.1 thousand below December 2014. Preliminary data for the first 4 months of 2016 shows the decline continuing.  In April reported employment dropped below the same month in 2014.

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