Oil’s contribution to Alaska’s economic history has no equal. Historians write that the discovery of oil in Cook Inlet helped secure Alaska’s quest for statehood, and the subsequent massive discovery of oil in Prudhoe Bay remains the largest in North America.

In the decades since, oil has played the leading role in all the state’s major economic and population changes.
June 2013 Trends

Alaska’s mining industry has been a standout over the last decade for its job and wage growth, and the production value of its minerals climbed from less than $1 billion in 2001 to $3.5 billion in 2011. The gains have come from new mines as well as expanded operations at existing mines, and increasing exploration and development spending suggest more growth in the future.
May 2013 Trends

Alaska is home to one of the largest indigenous populations in the nation. With more than 120,000 people, Alaska Natives represented 17 percent of the state in 2010 — a larger proportion than any other state.

The Alaska Native population is made up of many distinct cultures and has lands in each region of Alaska. After large population declines that followed early contact with Europeans in the 18th and 19th centuries, the Native population has grown substantially over the past 100 years, and that growth is projected to continue.
April 2013 Trends

The labor force participation rate — essentially the percentage of the population 16 or older that’s either working or actively seeking work — has declined in both Alaska and the U.S. as a whole over the last decade. But labor force participation rates rise and fall for different reasons, and moves in either direction do not in themselves signal a strengthening or weakening economy.
March 2013 Trends

Alaska is home to people from many backgrounds, and its increasing diversity has become more apparent in recent decades as its economy and population have grown and changed rapidly.

Though people of Hispanic or Latino origin make up a smaller share of the state population than the nation as a whole, they are a growing part of this ever-changing state and its economy.
February 2013 Trends

Alaska added jobs at a pace of 1.6 percent in 2012, continuing a three-year trend of employment growth that followed the end of the national recession. The state is expected to continue gaining jobs in 2013 but at a slightly more modest pace — 1.2 percent, or 4,200 new jobs statewide.
January 2013 Trends