A shrinking workforce is holding back Anchorage's economic recovery after COVID-19, report finds
Anchorage employers are hiring more workers from outside the city and state to adjust to a severe labor shortage that's holding back the city's economic recovery, according to a report released by the Anchorage Economic Development Corp.
People — especially young people — leaving Alaska to work elsewhere is a major contributor to the issue, the report said.
It's one unsettling sign for an economy that's otherwise showing reasons for optimism as tourists flock to Alaska and the huge federal infrastructure bill starts to pump money into the state, according to AEDC President Bill Popp, who unveiled the three-year economic forecast.
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