Anchorage’s economy: Fewer people, flat job scene, the Hilcorp effect

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Anchorage has shed 6,000 jobs since 2015, with 300 of those disappearing last year.

At the same time, the city’s unemployment rate for 2019 was 5.1%, the lowest in nearly 20 years.

Those contradictory numbers make sense when one realizes that the labor force has been moving out of Anchorage, in search of better opportunity in the Lower 48, where the economy is roaring. And the unemployment rate only accounts for those who are actively looking for work.

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