Oil Dependence and Economic Activity

Setting the stage Let's quickly look at where this oil decline has left the state What about Alaska's important economic base? Why have some states recovered? Aggregate relationship between oil prices and employment Where does this leave us? Summary takeaway Monthly employment in thousands January- February March- April- 300 320 340 360 TTT Mouhcine Guettabi, PhD May- Alaska's non seasonally adjusted All monthly employment between 2014-2018 Between June 2015 and June 2018, employment declined by 11,400 jobs. June- July- August- September- October month 2014 2016 2015 2017 2018 Oil dependence and economic activity November December 592

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