Alaska Business & Employment Growth Since 2009

  • 715 more businesses
  • 7,243 more employees
  • 2.3% increase in total wages
  • $8,561 increase in annual wages per employee
  • 18.2% increase in wages per employee

Since 2009, the number of businesses in Alaska has grown by 3.4% (8.1% less than the national average of 11.4%). Employment in Alaska has grown by 2.3% (11.3% less than the national average of 13.6%). Wages have grown by 18.1% since the end of the Great Recession. This wage growth is 7.6% less than the national average of 25.7%.
The average weekly wage in Alaska of $1,070 is 2.9% below the national average of $1,101. The gap between the national average has widened from 3.3% a widening of 6.2% since the end of the recession.

Sector Growth

Business Sector Growth

The Construction sector has the most businesses in the state of Alaska. Since the end of the recession, the number of businesses has decreased from 2,441 to 2,435, a reduction of 0.2%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Construction2,4352,441-0.2%
Retail trade2,3172,432-4.7%
Healthcare2,1931,88216.5%
Professional services2,1061,9458.3%
Accommodation and food services2,0731,85511.8%
Other services1,6721,674-0.1%
Waste services1,1721,1561.4%
Transport and warehousing1,1571,0797.2%
Finance and insurance717808-11.3%
Wholesale trade682720-5.3%
Real estate and rental6776248.5%
Arts and entertainment59553211.8%
Manufacturing5775534.3%
Information367393-6.6%
Educational services31924132.4%
Agriculture and forestry26816463.4%
Mining and oil extraction26421522.8%
Company management1547897.4%
Utilities106997.1%

The sector that has had the strongest growth [in number of businesses] is the Healthcare sector, which has increased by 16.5% since 2009. The sector that has has the largest decline is the Retail trade sector, which has declined by 4.7% since the recession.

Employment Sector Growth

The Healthcare sector has the most employees in the state of Alaska. Since the end of the recession, the number of employees has grown from 37,044 to 47,121, a gain of 27.2%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Healthcare47,12137,04427.2%
Retail trade35,81635,5870.6%
Accommodation and food services30,50026,62214.6%
Transport and warehousing19,94919,3143.3%
Construction15,82016,242-2.6%
Professional services12,91713,592-5.0%
Manufacturing12,62212,824-1.6%
Mining and oil extraction12,47114,941-16.5%
Waste services11,54711,4131.2%
Other services9,95010,073-1.2%
Finance and insurance6,8398,782-22.1%
Wholesale trade6,4396,3122.0%
Information5,6176,604-14.9%
Arts and entertainment5,0724,49412.9%
Real estate and rental4,5784,720-3.0%
Company management2,8141,245126.0%
Educational services2,4352,07917.1%
Utilities2,1941,98010.8%
Agriculture and forestry1,39079974.0%

The sector that has had the strongest employment growth [in number of employees] is the Healthcare sector, which has increased by 27.2% since 2009. The sector that has has the largest employment decline in number of employees is the Mining and oil extraction sector, which has declined by 16.5% since the recession.

Weekly Wage Growth By Sector

The Mining and oil extraction sector has the highest average weekly wage in the state of Alaska. Since the end of the recession, the average wage has grown from $2,187 to $2,668, a gain of 22.0%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Mining and oil extraction$2,668$2,1870.0%
Utilities$1,743$1,3750.0%
Company management$1,667$1,4540.0%
Construction$1,517$1,3260.0%
Professional services$1,382$1,2190.0%
Transport and warehousing$1,290$1,0830.0%
Finance and insurance$1,289$1,0790.0%
Information$1,247$1,0700.0%
Wholesale trade$1,124$9850.0%
Healthcare$1,044$8100.0%
Manufacturing$987$7100.0%
Waste services$896$7800.0%
Real estate and rental$874$6950.0%
Agriculture and forestry$866$7590.0%
Other services$769$6270.0%
Educational services$643$5970.0%
Retail trade$615$5350.0%
Accommodation and food services$475$3780.0%
Arts and entertainment$434$3240.0%

The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Educational services sector, which has declined by 0.0% since the recession.


Industry Growth

Business Industry Growth

The Restaurants and other eating places industry has the greatest number of businesses in the state of Alaska. This industry currently has 1,180 businesses in it. There is no direct comparison to the total at the end of recession and is not included in the table below.

Industry20182009Pct Chg
Residential building construction4564760.0%
Offices of physicians4234160.0%
Computer systems design and related services3332300.0%
Accounting and bookkeeping services3282810.0%
Hotels and motels except casino hotels3012890.0%
Commercial building construction2942780.0%

The top industry that has had the largest increase in the number of businesses is the Computer systems design and related services industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of businesses is the Residential building construction industry, which has declined by 0.0% since the recession.

Employment Industry Growth

The Restaurants and other eating places industry has the greatest number of employees in the state of Alaska. This industry currently has 18,168 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
General medical and surgical hospitals12,4959,5670.0%
Seafood product preparation and packaging8,8089,1050.0%
Offices of physicians8,4605,7310.0%
Hotels and motels except casino hotels7,5486,8310.0%
Support activities for mining6,0719,3210.0%

The top industry that has had the largest increase in the number of employees is the General medical and surgical hospitals industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of employees is the Support activities for mining industry, which has declined by 0.0% since the recession.

Weekly Wage Growth By Industry

The Securities brokerage industry has the highest average weekly wage in the state of Alaska. Since the end of the recession, the average wage has grown from $1,370 to $2,988, a gain of 118.1%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Securities brokerage$2,988$1,3700.0%
Couriers and express delivery services$2,457$1,7550.0%
Portfolio management$2,417$1,8490.0%
Computer and software merchant wholesalers$2,310$1,4140.0%
Other heavy construction$2,124$1,8100.0%
Oil and gas pipeline construction$2,110$2,4930.0%
Highway street and bridge construction$2,084$1,6250.0%

The top industry that has had the strongest wage growth is the Securities brokerage industry, which has increased by 0.0% since 2009. The top industry that has has the largest wage decline is the Oil and gas pipeline construction industry, which has declined by 0.0% since the recession.


Company Size

Business Growth By Company Size

The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 14 to 17, which is an increase of 21.4%.

The smallest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 12 to 10, which is an increase of -16.7%.

Table: Change in the number of Businesses by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees11,94011,2486.2%
5-9 Employees3,5643,3596.1%
10-19 Employees2,3202,2075.1%
20-49 Employees1,4251,3307.1%
50-99 Employees4524188.1%
100-249 Employees249251-0.8%
250-499 Employees69647.8%
500-999 Employees171421.4%
More Than 1,000 Employees1012-16.7%


Employment Growth by Company Size

The biggest percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees in companies this size has grown from 8,614 to 11,718, which is an increase of 36.0%.

The smallest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees with this number of employees has grown from 17,256 to 16,472, which is an increase of -4.5%.

Table: Change in the number of Employees by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees17,74116,8465.3%
5-9 Employees23,51221,8987.4%
10-19 Employees30,55829,2114.6%
20-49 Employees41,56839,2795.8%
50-99 Employees30,31327,9368.5%
100-249 Employees36,19137,126-2.5%
250-499 Employees22,62421,8883.4%
500-999 Employees11,7188,61436.0%
More Than 1,000 Employees16,47217,256-4.5%


Weekly Wage Growth by Company Size

The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,372 to $1,806, which is an increase of 31.6%.

The smallest percentage change in the average weekly wage has been in businesses with 50 to 99 employees. The average weekly wage in companies this size has grown from $922 to $1,006, which is an increase of 9.1%.

Table: Change Average Weekly Wage by Size Since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$819$66623.0%
5-9 Employees$784$63822.9%
10-19 Employees$839$70818.5%
20-49 Employees$916$78816.2%
50-99 Employees$1,006$9229.1%
100-249 Employees$1,091$84429.3%
250-499 Employees$1,446$1,17323.3%
500-999 Employees$1,806$1,37231.6%
More Than 1,000 Employees$1,579$1,22928.5%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.