{"title":"Oil, budgets, migration, and retirees: Alaska’s 2015–18 recession","authors":"Brent Buxton","doi":"10.21916/mlr.2022.25","DOIUrl":null,"url":null,"abstract":"Alaska experienced a local recession from March 2015 to April 2018. Falling oil prices combined with the state government’s dependence on oil revenue contributed to job losses throughout the economy. Unemployment did not increase mainly because Alaska’s population is aging rapidly and leaving the labor force through retirement.","PeriodicalId":47215,"journal":{"name":"Monthly Labor Review","volume":" ","pages":""},"PeriodicalIF":2.4000,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Monthly Labor Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.21916/mlr.2022.25","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"INDUSTRIAL RELATIONS & LABOR","Score":null,"Total":0}
引用次数: 2
Abstract
Alaska experienced a local recession from March 2015 to April 2018. Falling oil prices combined with the state government’s dependence on oil revenue contributed to job losses throughout the economy. Unemployment did not increase mainly because Alaska’s population is aging rapidly and leaving the labor force through retirement.