Anchorage, Alaska (KINY) The Alaska Department of Labor and Workforce Development did not have good job news for the upper slope oil industry Thursday.
The number of jobs in the Prudhoe Bay region dropped by approximately 4,500 jobs from a record 13,485 jobs in March, 2015. This is the lowest number of jobs in the region since 2007. The reason for the decline is a drop in oil prices.
While oil prices have been on the rebound, experts and analysts are unsure if that will bring back all of the lost jobs.
Declines continued in the first six months of this year with more than 2,000 jobs lost in the oil industry in Alaska.