File Copy Alaska's Economy in 1968
PROPERTYOF ISER FILECOPY Do Not Remove REVIEW OF BUSINESS AND ECONOMIC CONDITIONS UNIVERSITY OF ALASKA, INSTITUTE OF SOCIAL, ECONOMIC AND GOVERNMENT RESEARCH VOL. VI, NO. 3 ALASKA'SECONOMY IN 1968 The discovery of oil in commercial quantities on the receipts in the state at $1,555.3 million for calendar year North Slope, an all time high wholesale market value in 1968. This compared with $1,506.4 million in 1967, and fisheries products, and a 97.3 per cent increase in Cook was more than double the $730.7 million in 1960. Retail Inlet petroleum production dominated Alaska's 1968 eco trade rose $25.1 million between 1967 and 1968 to an all nomic picture. time high of $514.3 million. Gross receipts from construc The combined value of oil, gas, and mineral produc tion, recorded in 1968, totaled $352.2 million, making it tion led the list of Alaska's resource industries at $218.6 the second greatest income earner in the state. Trans million - $1.1 million more than the second place fisheries portation, communication and utilities, wholesale trade, industry. Petroleum and natural gas production which and manufacturing follow in that order of economic im stood at $95.4 million in 1967, almost doubled to $187.9 portance. (See Table 2.) million during 1968, an increase of $92.5 million. All of Alaska's annual average civilian workforce rose 3.8 this increase came from the Cook Inlet region, still the per cent for 1968. The annual monthly average workforce state's only producing area. However, Alaska's North reported by the Alaska Department of Labor, Employment Slope, with estimated recoverable containment ranging Security Division, was 100,100.
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