Anchorage 8th on Milken city performance list

Posted: Wednesday, October 20, 2010

ANCHORAGE - Anchorage has moved up to No. 8 from No. 40 on the Milken Institute list of best-performing cities, pushing it ahead of Seattle for 2010.

The Milken Institute ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.

Long- and short-term growth in jobs, salaries and technology are the key factors measured to create the index.

The Anchorage Economic Development Corp. said it expects the city to return to job growth this year and every year at least until 2013, reaching new all-time levels for total employment.

Last year was the first year Anchorage did not see job growth in 20 years. But continued expansion of the health care and government sectors has kept the Anchorage unemployment rate mostly steady.

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