Economists say the recession in Alaska is expected to end in 2019

ANCHORAGE, Alaska – Alaska's long-time economists estimate that the longest recession in the state's history will probably end later this year, but that the economy will not be much different from what it is actually.

According to the Alaska Journal of Commerce, Neal Fried (FREED), an economist with the Department of Labor, predicts that employers will create about 1,400 jobs in 2019.

This is good news, but the total number of jobs would only represent labor market growth of about 0.4%.

The state has lost about 12,000 jobs since the end of 2015, when declining oil prices and soaring government budget deficits have resulted in a contraction in oil, construction, and construction. jobs in the government.

Economists have also warned that failure to resolve the Alaska state's budget deficit by cutting spending would have a negative impact on the economy.