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Receive the April 2017 back issue of Alaska Economic Trends magazine.
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Other States' Recessions
Alaska has been losing jobs for roughly a year and a half, precipitated by a drop in oil prices and a host of downstream effects. Job losses are already the worst since Alaska’s deep recession of the late 1980s, and show no signs of ending soon.
The state has had three distinct recessions since 1961, with the longest period of job loss a little more than two years. Over that same period, the U.S. sustained six recessions, all of them lasting less than two years.
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