Alaska's Job Market Forecast: Construction Booms, Seafood Struggles

Construction workers attend to outdoor tasks on Dec. 17, 2024, at a residential project being built in downtown Anchorage. Alaska is expected to gain 1,500 construction jobs this year, according to the annual forecast published by state Department of Labor and Workforce Development economists.

(Photo by Yereth Rosen/Alaska Beacon) Alaska is expected to have moderate job growth in 2025, with the construction and oil and gas sectors forecast to be the big winners and seafood processing seen as the biggest loser.published in Alaska Economic Trends, the monthly magazine of the Alaska Department of Labor and Workforce Development’s research and analysis section. Alaska’s rate of job growth slightly outpaced that of the rest of the nation starting in 2023, and that is expected to continue this year. “Alaska is still pretty steady as she goes, as far as how many jobs we’ve been adding back every year, but nationally it’s slowed down,” said Karinne Wiebold, the state labor economist who wrote the article detailing the statewide employment forecast. The rest of the nation emerged from the COVID-19 pandemic a little quicker than Alaska did, she said. The dominant job-growth sector — construction — will continue to have robust increases this year, thanks in large part to federal funding from the Infrastructure Investment and Jobs Act of 2021, according to the forecast. Another 1,500 jobs, a 7.9% increase, is expected this year in that sector, according to the forecast. Overall, by the end of the year, Alaska construction employment is expected to have grown by over 25% from 2019 to 2025, the forecast said. The health care sector, one of the state’s biggest employers, is expected to gain 1,000 jobs, or a 2.9% increase over 2024, the forecast said. The oil and gas sector is expected to gain 600 jobs in 2025, for an increase of 7.4% from 2024 levels. Total employment in the sector is expected to average 8,700 jobs a mont

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