Alaska Trends

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ad news first: the number of reporters and journalists employed in Alaska is expected to shrink by 19 percent by 2032. Admittedly, this news hits more closely for the editorial team here at Alaska Business than for most readers, who can find more uplifting statistics in the Alaska Department of Labor and Workforce Development’s ten-year occupational forecast.

For instance, the report anticipates a 38 percent surge in oil and gas employment to 9,718 jobs by 2032, just 5 percent shy of the industry’s peak in 2019. Each year, the state will see approximately 2,210 new jobs due to growth, plus 37,000 annual openings from the regular churn of workers leaving positions.

The department’s Research and Analysis Section creates the ten-year projection every other year based on a quarterly census of employment and wages (in this case, 2022 was the most recent year with solid data). Estimates do not include self-employed workers, such as most fishermen, nor agricultural or private household workers. The projections involve a mixture of historical trends and current events as shaped by population data.

In December, the department looked beyond the 2032 horizon of occupations to the here-before-you-know-it year of 2050 for a long-term population projection in Alaska Economic Trends. For the first time, it indicates a decrease in the total number of Alaskans, from 737,000 in 2023 to 723,000 by mid-century. More significantly, the age composition will shift, with a much smaller number of children.

This month’s article “Alaska’s Economic Outlook: Forecasting 2025” by Terri Marshall looks forward twelve months. To help ring in the new year, this edition of Alaska Trends gazes into the deeper mists of time to illustrate the occupational projections for years to come.

SOURCE: “Alaska Industry and Occupational Projections for 2022–2032,” Alaska Department of Labor and Workforce Development, October 2024
Dig Deep

16% Growth in Mining

Gains will come from exploration intended to sustain existing mines or use current infrastructure, as currently operating mines are approaching their end-of-life phases.

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40% Growth in Support Activities

Support jobs dominated in Natural Resources and Mining, so that sector is projected to increase by 40%.

Pikka & Willow

As the Pikka & Willow projects are developed, oil & gas employment is expected to spike.

Employment after Pikka & Willow are completed is projected to reach 9,718 total jobs by 2032, which is 38% higher than in 2022.

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Services Providing sector will provide the most new jobs.

Service Providers, which includes trade, transportation & utilities, is projected to add the most jobs by 2032 growing from 278,775 to 294,420.

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Top 6 Growth Sectors
A list titled "Top 6 Growth Sectors," showing various industries alongside their corresponding growth percentages.
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Building a Future

Nonresidential construction is projected to grow by 14.9% through 2032.

Specialty trade construction is projected to grow by 8.6% through 2032.

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6.9% Growth Across All Industries

22,097 new jobs are projected by 2032, bringing the total to 341,442 statewide.

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Eyes Wide Shut

The Information sector will be the hardest hit, with a 12% reduction in employment by 2032, followed by the Finance and Insurance sectors.