No one will be totally immune to our economic crisis, but so far, Alaska is still holding steady. Because of conservative lending practices and high oil prices, Alaska's economy has softened this past year, but not broke under the pressure of the global credit crunch or Wall Street's failures.
Here are some of Alaska's great perks:
~ This year, Alaska has seen its 21st consecutive year of job growth, although it is a little slower than last year.
~ Even though home foreclosures are up, they are still well below other states across the nation.
~ While many local banks are tightening on their lending practices, you can still get great loans in Alaska .
~ Though oil prices have fallen over recent weeks, they are still very high. These high oil prices help fund the states economy.
~ The states finances are in great shape, too. There is $200 million in an investment savings account for emergency use.
The state of Alaska may eventually see some of these hard times that other states are experiencing, but we will be prepared. Each year, many of the state's cities like Anchorage, sell bonds to maintain city roads, to improve schools, and for drainage projects.
Steady employment is coming from expensive oil and expensive pipeline fixes. One of the biggest employment growths, over the last two years, has come from the oil patch.
So, if you're looking to relocate, it looks to me like Alaska , specifically Anchorage , Alaska is the best place to be for steady employment and a steady economy.
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