Investor Presentaiton

Total Alaska wage and salary employment is about 350,000. Total wage and salary employment has more than tripled since statehood, when employment was less than 100,000. There have been two periods when employment grew very rapidly: during the construction of the Trans-Alaska Pipeline (1974-77) and during the state spending boom of the early 1980s. Each of these periods was followed by a recession during which employment declined. Alaska employment growth slowed to almost zero after the national recession began in 2008. About 50,000 people are self-employed in Alaska (working for themselves in their own businesses). This includes commercial fishermen, who are not counted in regular wage and salary employment data. Estimated Total Alaska Employment 500,000 450,000 Pipeline construction boom, 400,000 1974-77 State spending 1980s boom, early 350,000 300,000 1 250,000 200,000 150,000 Alaska recession 100,000 50,000 End of pipeline boom after oil prices crashed in 1986 0 Self- Employment (including Fishing) Wage and Salary Employment Global financial crisis & national recession Note: Estimates are for average annual employment; summer seasonal employment is higher. Estimates include both full- time and part-time employment. Source: Bureau of Economic Analysis Estimates

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