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Juneau economy up a notch in 2012

City tops state for healthy living

Posted: November 2, 2012 - 12:06am

Though government employs nearly half of all Juneau residents, it was private industry that grew employment from 2010 to 2011.

While average wage and overall wages also rose, businesses spent $2.33 billion in 2011, up 11.7 percent from the previous year.

Juneau Economic Development Council gave a report on its 2012 Juneau and Southeast Alaska Economic Indicators at the Chamber of Commerce Thursday lunch lecture. JEDC Executive Director, Brian Holst and JEDC Program Officer, Eva Bornstein were there to talk about the organization’s findings.

Though wages and employment are up, so too are the costs of living and doing business in Juneau. Average rent increased by nearly a percent from 2010 to 2011 and the price of a single family home at $329,974 rose by 3.2 percent.

Juneau was found to be healthiest place to live with the state’s second healthiest residents.

Juneau had 32,290 residents in 2011. Southeast increased its population by 2.6 percent over 2010. “All of Southeast has trended up in population in the last four years,” Bornstein said. Juneau’s percent increase in population was much higher than the state as a whole. Approximately 2,052 people moved to Juneau and 1,715 moved away.  A quarter of the in migration came from inside Alaska. Since 2007, the 50- to 59-year old age group has been the largest group in Juneau.

There is also a trend in the 20-to 29-year old age group, Bornstein said. It is now the third largest group in Southeast. Looking out at the next 20 years, JEDC predicts a flat growth rate for Juneau and a fraction-of-a-percent drop for all of Souheast.

JEDC’s report covers public and private jobs and wages.“How we make our money in this town,” Bornstein said.

Tourism is Juneau’s largest private employer with 2,171 annual average employees. Health care accounts for 1,797 jobs while Juneau’s two precious metal mines employ over 600 with a total payroll of $56 million. Mine work continues to boast the highest average annual wage at $88,688. Construction work provided another 655 jobs and $40 million to the local economy.

Juneau’s commercial fish industry pulled in 22.7 million pounds of fish valued at $26.4 million. Retail employed 1,994 with a $52 million payroll.

But the big money comes in the form of Juneau’s public employees.“We are a government town,” Bornstein said. Local, state and federal employees totaled 13,347 in 2010-2011 with an average wage of $50,925.

Job numbers grew in Southeast Alaska by one percent in 2011 and wages increased by 2.3 percent. On the flipside, unemployment in Juneau peaked in 2009 and 2010 and are now falling slightly, according to JEDC’s economic indicators report. Rates averaged 5.3 percent in 2011 compared to 7.6 percent for the state and 8.9 percent for the nation.

Not all numbers are increasing. Federal and state government, leisure and hospitality, information local government and construction all lost jobs between 2010 and 2011. Construction took the biggest hit with a loss of 74 jobs.

Of Juneau’s 27 federal employers, the U.S. Coast Guard has the biggest presence with 350 employees. The state of Alaska employs nearly 25 percent of Juneau’s workforce.

For more information visit www.jedc.org/economic-indicators

• Contact reporter Russell Stigall at 523-2276 or at russell.stigall@juneauempire.com.

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bjfluetsch
2940
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bjfluetsch 11/02/12 - 06:56 am
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Latitude58
14397
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Latitude58 11/02/12 - 07:09 am
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Timeframe...

...represents the opening of Kensington.

What's next on the economic growth horizon for Juneau? I see shrinking federal and state budgets, so shrinking workforces.

How does Juneau's economy even stay flat? More cruise ships?

noroadfugtive
1295
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noroadfugtive 11/02/12 - 07:25 am
0
0

Lat makes a good point about

Lat makes a good point about the timeframe and the future outlook.

It seems that growth for Juneau resides mainly with natural resource development or tourism.

Perhaps we could increase our communication abilities via greater fiber optics use and then try to leverage Juneau as a great place for the growing ranks of Telecommuters to live.

Here is the Slogan “You may have to work in Tulsa, Oklahoma but you don’t have to live there”

…Disclaimer…My family is Okie so don’t get excited.

noroadfugtive
1295
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noroadfugtive 11/02/12 - 07:26 am
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If we are the healthiest

If we are the healthiest place to live shouldn’t we have the healthiest residents?
Where do the most healthy Alaskans live?

Latitude58
14397
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Latitude58 11/02/12 - 08:25 am
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Good ones, noroad!

An Okie. That explains a few things.

I was wondering about the healthy thing too. What were the metrics that supported those claims? And why wouldn't we be the 2nd healthiest place if our residents are 2nd healthiest in the state?

juneaugold
21
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juneaugold 11/16/12 - 09:15 am
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*

*

abnotey
242
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abnotey 11/02/12 - 11:42 am
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4

We need job growth above

We need job growth above ground.
We are looking at more earthquakes for SE. Our reps. need to bring back some of the state jobs to SE that Palin moved to Anchorgae. Our kids need these jobs.

wavemkr
3760
Points
wavemkr 11/02/12 - 12:34 pm
3
1

State jobs....

Any State job that JNU lost due to " Capital Creep" is gone forever.
Juneau doesn't have the political horsepower to reverse that trend.
"Capital Creep" began long before Sarah Palin became Governor.

Slapshot
53
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Slapshot 11/02/12 - 01:29 pm
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3

Noroad

Guess what your slogan holds true for Jnu as well. Many of the mine employees who work at the two local mines live down south. Therefore pay zero towards any local taxes or provide any benefit to our community, they just take jobs that could go to residents.

AKNUT
366
Points
AKNUT 11/02/12 - 01:56 pm
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1

@slapshot

There might be some miners that pass through as temporary workers, they're called tramp miners, but I'm sure if you talked to any miner that was doing the hiring they would prefer a local hire. The city lacks the ability to train miners but with the opening of mine training center at UAS things will change and you will see more local miners.

Mining provides jobs year round while tourism is a seasonal industry. Mining provides jobs for related services like the Catepillar outfit, fuel, groceries (the tramp miners need to eat too),etc.

Alaskastu
1630
Points
Alaskastu 11/02/12 - 06:55 pm
1
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So when actual research is

So when actual research is done the claims about 'our kids moving away' is basically bs. So is southeast is 'dying'. And the number of out of town miners is very low, stop spreading unbased lies with no proof. Empire did an article that gave numbers of actual out of town miners and it was a few %, as in single digits. The mines higher out of town only when they can't fill it local.
The town is hard to live in as is all of Alaska, minus anchorage, unless you have a goverment/state job. Guess its good we had such a large number of them or this report would be telling something much more horrible.

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