Investor Presentaiton

500 450 400 350 300 250 200 150 100 Employment (thousands of jobs) 0 1961 50 1964 1967 1970 1973 1976 1979 1982 Source: BEA Employment Estimates by SIC Code Estimated Alaska Employment, 1961-2001 Since statehood, most of Alaska's growth has been in support industries -particularly services. Since Alaska became a state in 1959, total employment in "traditional basic industries" (federal government, fishing, oil and gas, mining, & forest products) has changed very little. Almost all employment growth has been in "support industries"-particularly state and local government, trade and services. Part of the growth has come from "new basic industries"-particularly tourism and air cargo-which are difficult to separate from support industries such as services and transportation. Two employment graphs are shown below because the federal government changed its way of classifying industries starting in 2001 (from the "SIC" method to the "NAICS" method). It's difficult to compare the SIC data available for the period 1961-2001 with the NAICS data available for years after 1990. For this class, we'll only use the newer NAICS data. 1985 1988 1991 1994 1997 2000 Estimated Alaska Employment, 1990-2008 500 450 Other Other Services Trade Transportation I State and Local Government Employment (thousands of jobs) 400 Services 350 300 Trade 250 Transportation 200 150 100 Traditional Basic 50 State and Local Government Traditional Basic 0 1990 1992 1994 1996 Source: BEA Employment Estimates by NAICS Code

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