The Year in Review - Job Growth Accelerates in 1994

Pushed by a retail boom, Alaska's economy grew for the seventh straight year in 1994. Wage and salary job growth accelerated from the 2.3% pace set in 1993 to 2.8% in 1994, despite oil industry layoffs and timber industry plant closures. This was the second straight year of faster job growth, reversing a trend that marked the early part of the decade.