Wed, 04/21/2021 - 8:53am
Prices have recovered from an unprecedented price crash in 2020, but jobs on the North Slope are still lagging far beyond near- and long-term peak levels. (Photo/File/AJOC)
The price for Alaska North Slope crude largely recovered months ago from the unprecedented fall it took a year ago, but if a recovery is also going to occur in Alaska’s oil workforce it has yet to materialize.
Rather, preliminary employment data for March from the state Labor Department indicates the industry is continuing in the other direction. Approximately 6,300 people were employed in the state’s oil and gas sector last month, which was in line with February but did not reverse a declining trend that has persisted since the start of the pandemic.
Small Businesses Can Lower Healthcare Spend with Association Health Plans
By Greg Loudon
Greg Loudon is a Principal of Parker, Smith & Feek and leads our Employee Benefits practice. A lifelong Alaskan, Greg has more than 20 years of experience in employee benefits consulting and is active in state and national healthcare reform. Greg can be reached at [email protected] or (907) 865-6829.
There are some exciting new health insurance options for small businesses in Alaska being offered through group association plans. Association health plans allow smaller companies to access health insurance savings associated with large group medical coverage.
Association Health Plan History