Local economy a mixed bag

    Juneau, Alaska (KINY) The Juneau Economic Development Council 2018 Economic Indicators report shows a drop again in population and average monthly employment.

    The population dropped by 470 residents to 32,269.  Private sector jobs dropped from 11,037 to 10,929.

    Government sector jobs dropped from 6839 to 6780.

    Lead researcher Eva Bornstein graded the Juneau economy right now, "I think that there are two ways to look at it.  We've lost population, state jobs are down, or look at the private sector, that brings money to Juneau are strong.  We are attracting young people that are really important to the future of Juneau."

    Executive Director Brian Holst said the positives are a booming tourism industry, and a stable seafood industry, "We certainly see opportunities in these areas.  The art industry continues to be resilient.  The downside is the softness of the government sector.  Even though we have lost jobs there, we still are fairly optimistic going forward because most of the job losses have slowed, we are at the same level of jobs we saw 20 to 30 years ago.  We don't expect state jobs to go much further down."

    Total earnings dropped from over $912 million to just under $904 million in 2017

    The average per capita income was just over $63,000 more than $7,000 above the state average and nearly $14,000 above the national average.

    The report said Juneau lost 42 executive state jobs in the past 12 months.

    Local job growth was found in natural resources and mining and local and tribal government.  The biggest job losses were in state government, and
    retail trade.

    The report also found that people left Juneau, exceeding the natural increase, or births, for only the second time in 10 years.

    The population continues to age but young adults are moving here.  The age bracket of 20-39 had the most people.

    48 housing permits have been issued in 2018 so far.  The vacancy rate for housing was 4.2 % down from 5.7% in 2016

    Housing continues continued to climb as did gross business sales by 2.2%.

    The seafood industry harvested $25.6 million, nearly 22 million pounds of seafood in Juneau.  That was an increase of $4.6 million and 6.4 million pounds over 2016.

    The tourism industry is booming with an increase in cruise ship passengers from 1.015 million to 1.072 million in 2017.  The experts expect 1.15 million visitors in 2018 and even more in 2019.

    Deplaning passengers at Juneau International Airport also increased by over 14,600 to 345,000  in 2017.

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