Alaska population down, while state taxes drive migration across U.S.

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Alaska, finally emerging from a recession that took place during a national economic boom, has lost population over the past three years, which accounts for some of the state’s stabilizing unemployment rates — many workers have simply left for better opportunities.

The state also faces a flat or growing state budget, but not enough revenue to serve this ever shrinking population, many of whom are not in the workforce: Oil now accounts for about half of the state’s revenue, state investments’ earnings account for most of the rest.

In 2016, the state population peaked at over 739,649, while today, we’re a state of 731,007.

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