Good news about personal income and the consumer price index throughout the United States and Alaska.The Bureau of Economic Analysis defines personal income as the income received by all persons from all sources; personal income is measured before the deduction deduction, in logic, form of inference such that the conclusion must be true if the premises are true. For example, if we know that all men have two legs and that John is a man, it is then logical to deduce that John has two legs. of personal income taxes and other personal taxes and is reported in current dollars.In the second quarter of 2004, the personal income in the United States For information on household income, see . Personal income is a measure utilized by the United States government, particularly the Department of Commerce, to determine the income of individuals. was $9,093,138 billion, compared to $10,225,957 billion in the second quarter 2005. This growth indicates an almost 12.5 percent increase in personal income throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Consistent with this growth, personal income in the U.S. increased 1.5 percent over the last quarter reported, first-quarter 2005 to second-quarter 2005, from $10,071,063 billion to $10,225,957 billion. We also saw an increase in the personal income in Alaska Alaska (əlă`skə), largest in area of the United States but third smallest (exceeding only Vermont and Wyoming) in population, occupying the northwest extremity of the North American continent, separated from the coterminous United States . Second-quarter 2004 personal income was $21.5 billion, compared to $23.6 billion in the second quarter 2005. This growth in personal income suggests an almost 10 percent increase throughout Alaska. There was a 1.5 percent growth over the last quarter reported, first-quarter 2005 to second-quarter 2005, from $23.3 billion to $23.6 billion. The Consumer Price Index also has increased, but at a much lower rate than personal income. The CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I is a measure of the average change over time in the prices paid by urban consumers for a market basket market basket n. 1. A grocery cart. 2. A group of products or services in a specific market, especially when considered in terms of its fluctuating cost in determining a consumer price index: of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and services. In the first half of 2004, the CPI for Anchorage Anchorage (ăng`kərĭj), city (1990 pop. 226,338), Anchorage census div., S central Alaska, a port at the head of Cook Inlet; inc. 1920. was 165.6 and increased to 169.6 in the first half of 2005. This means that prices have only increased about 4 percent in the last year in Anchorage, compared to the United States, which has seen a 5.6 percent increase in prices over the last year. For more information, visit the Bureau of Labor Statistics' Web site at www.bls.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. . SOURCE: WWW.BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. .GOV AND WWW.BLS.GOV
Consumer Prices
Anchorage United States
1st Half 04 165.6 187.6
2nd Half 04 167.8 190.2
1st Half 05 193.2 169.6
Note: Table made from bar graph.
ALASKA TRENDS FOR DECEMBER 2005
Indicator Units Period
GENERAL
Personal Income--Alaska Millions of $ 2ndQ05
Personal Income--United States Billions of $ (SAAR) 2ndQ05
Consumer Prices--Anchorage 1982-1984 = 100 1H05
Consumer Prices--United States 1982-1984 = 100 1H05
Bankruptcies
Alaska Total Number Filed August
Alaska Business Only Number Filed August
Anchorage Total Number Filed August
Anchorage Business Only Number Filed August
Fairbanks Total Number Filed August
Fairbanks Business Only Number Filed August
EMPLOYMENT
Alaska Thousands July
Anchorage Thousands July
Fairbanks Thousands July
Southeast Thousands July
Gulf Coast Thousands July
Sectoral Distribution--Alaska
Total Nonfarm Wage & Salary Thousands July
Goods-Producing Thousands July
Service-Providing Thousands July
Natural Resources & Mining Thousands July
Logging Thousands July
Mining Thousands July
Oil & Gas Extraction Thousands July
Construction Thousands July
Manufacturing Thousands July
Wood Products Manufacturing Thousands July
Seafood Processing Thousands July
Trade/Transportation/Utilities Thousands July
Wholesale Trade Thousands July
Retail Trade Thousands July
Food & Beverage Stores Thousands July
General Merchandise Stores Thousands July
Trans/Warehouse/Utilities Thousands July
Air Transportation Thousands July
Truck Transportation Thousands July
Information Thousands July
Telecommunications Thousands July
Financial Activities Thousands July
Professional & Business Svcs Thousands July
Educational & Health Services Thousands July
Health Care Thousands July
Leisure & Hospitality Thousands July
Accommodation Thousands July
Food Svcs & Drinking Places Thousands July
Other Services Thousands July
Government Thousands July
Federal Government Thousands July
State Government Thousands July
State Education Thousands July
Local Government Thousands July
Local Education Thousands July
Tribal Government Thousands July
Labor Force
Alaska Thousands July
Anchorage Thousands July
Fairbanks Thousands July
Southeast Thousands July
Gulf Coast Thousands July
Unemployment Rate
Alaska Percent July
Anchorage Percent July
Fairbanks Percent July
Southeast Percent July
Gulf Coast Percent July
MW States Percent July
PETROLEUM/MINING
Crude OW Production--Alaska Millions of Barrel July
Natural Gas Field
Production--Alaska Billions of Cubic Ft. July
North Slope Spot price (Gulf) $ per Barrel 10/24/05
Hughes Rig Count
Alaska Active Rigs August
United States Active Rigs August
Gold Prices $ Per Troy Oz. 10/24/05
Solver Prices $ Per Troy Oz. 10/24/05
Zinc Prices Per Pound 10/24/05
REAL ESTATE
Anchorage Building Permit
Valuations
Total Millions of $ September
Residential Millions of $ September
Commercial Millions of $ September
Deeds of Trust Recorded
Anchorage--Recording District Total Deeds July
Fairbanks--Recording District Total Deeds July
Palmer--Recording District Total Deeds December
Juneau--Recording District Total Deeds March
VISITOR INDUSTRY
Total Air Passenger
Traffic--Anchorage Thousands February
Total Air Passenger
Traffic--Fairbanks Thousands May
ALASKA PERMANENT FUND
Equity Millions of $ September
Assets Millions of $ September
No Income Millions of $ September
Net Income--Year to Date Millions of $ September
Marketable Debt Securities Millions of $ September
Real Estate Investments Millions of $ September
Preferred and Common Stock Millions of $ September
TRANSPORTATION
Rail Freight--Alaska Railroad Thousands of Tons April
BANKING (excludes interstate
branches)
Total Bank Assets--A1aska Millions of $ 2ndQ05
Cash & Balances Due Millions of $ 2ndQ05
Securities Millions of $ 2ndQ05
Net Loans and Leases Millions of $ 2ndQ05
Other Real Estate Owned Millions of $ 2ndQ05
Total Liabilities Millions of $ 2ndQ05
Total Bank Deposits--Alaska Millions of $ 2ndQ05
Noninterest-bearing deposits Millions of $ 2ndQ05
Interest-bearing deposits Millions of $ 2ndQ05
FOREIGN TRADE
Value of Dollar
In Japanese Yen Yen 10/24/05
In Canadian Dollars Canadian $ 10/24/05
In British Pounds Pounds 10/24/05
In European Monetary Union Euro 10/24/05
Previous
Latest Report
Report period
Indicator Period (revised)
GENERAL
Personal Income--Alaska 23,617 23,261
Personal Income--United States 10,225,957 10,071,063
Consumer Prices--Anchorage 169.6 167.8
Consumer Prices--United States 193.2 190.2
Bankruptcies
Alaska Total 194 138
Alaska Business Only 1 1
Anchorage Total 139 106
Anchorage Business Only 0 1
Fairbanks Total 29 17
Fairbanks Business Only 1 0
EMPLOYMENT
Alaska 330.683 324.96
Anchorage 141.47 142.7
Fairbanks 43.025 41.629
Southeast 41.45 38.198
Gulf Coast 37.82 37.426
Sectoral Distribution--Alaska
Total Nonfarm Wage & Salary 331.3 323.7
Goods-Producing 54.5 46.2
Service-Providing 276.8 277.5
Natural Resources & Mining 10.8 10.6
Logging 0.5 0.5
Mining 1.02 10.1
Oil & Gas Extraction 8.5 8.5
Construction 22 20.9
Manufacturing 21.7 14.7
Wood Products Manufacturing 0.4 0.4
Seafood Processing 17.7 10.7
Trade/Transportation/Utilities 68.2 67
Wholesale Trade 6.8 6.5
Retail Trade 38 37.8
Food & Beverage Stores 6.4 6.3
General Merchandise Stores 9.8 9.7
Trans/Warehouse/Utilities 23.4 22.7
Air Transportation 6.8 6.9
Truck Transportation 3.3 3.3
Information 7 7
Telecommunications 4.3 4.3
Financial Activities 15.3 15.3
Professional & Business Svcs 24.9 24.8
Educational & Health Services 36.1 36.2
Health Care 26.4 26.4
Leisure & Hospitality 37.6 35.7
Accommodation 11.5 10.6
Food Svcs & Drinking Places 21.5 20.6
Other Services 11.4 11.4
Government 76.3 80.1
Federal Government 17.8 17.8
State Government 23.4 23
State Education 5.7 5.7
Local Government 35.1 39.3
Local Education 16.1 20.7
Tribal Government 4.5 4.1
Labor Force
Alaska 351.163 347.727
Anchorage 148.906 150.31
Fairbanks 45.323 44.653
Southeast 43.752 40.772
Gulf Coast 40.333 40.393
Unemployment Rate
Alaska 5.8 6.6
Anchorage 5 5.3
Fairbanks 5.1 5.8
Southeast 5.3 6.3
Gulf Coast 6.2 7.3
MW States 5.2 5.2
PETROLEUM/MINING
Crude OW Production--Alaska 24.135 24.939
Natural Gas Field
Production--Alaska 16.791 16.612
North Slope Spot price (Gulf) 59.28 62.34
Hughes Rig Count
Alaska 10 8
United States 1444 1412
Gold Prices 464.8 467.1
Solver Prices 7.66 7.31
Zinc Prices 0.674 0.642
REAL ESTATE
Anchorage Building Permit
Valuations
Total 36.391 53.852
Residential 27.426 30.086
Commercial 8.965 23.766
Deeds of Trust Recorded
Anchorage--Recording District 1494 1687
Fairbanks--Recording District 353 441
Palmer--Recording District 566 631
Juneau--Recording District 161 136
VISITOR INDUSTRY
Total Air Passenger
Traffic--Anchorage 290.568 329.2
Total Air Passenger
Traffic--Fairbanks 76.987 59.045
ALASKA PERMANENT FUND
Equity 31307.1 30,922.70
Assets 32075.2 32,030.30
No Income 184.2 158.00
Net Income--Year to Date 332.1 112.30
Marketable Debt Securities 8921.8 8,872.10
Real Estate Investments 2899.5 2,935.10
Preferred and Common Stock 18391.3 18,006.70
TRANSPORTATION
Rail Freight--Alaska Railroad 493.443 430.309
BANKING (excludes interstate
branches)
Total Bank Assets--A1aska 4,015.96 3,885.57
Cash & Balances Due 127.26 109.17
Securities 69.86 69.12
Net Loans and Leases 2,348.96 2,275.17
Other Real Estate Owned 4.77 5.06
Total Liabilities 3,401.22 3,275.11
Total Bank Deposits--Alaska 2,990.27 2,922.74
Noninterest-bearing deposits 968.79 905.86
Interest-bearing deposits 2,021.49 2,016.88
FOREIGN TRADE
Value of Dollar
In Japanese Yen 115.18 112.17
In Canadian Dollars 1.188 1.171
In British Pounds 0.564 0.562
In European Monetary Union 0.833 0.828
Year
Year Over
Ago Year
Indicator Period Change
GENERAL
Personal Income--Alaska 21,498 9.86%
Personal Income--United States 9,093,138 12.46%
Consumer Prices--Anchorage 165.6 2.42%
Consumer Prices--United States 187.6 2.99%
Bankruptcies
Alaska Total 117 65.81%
Alaska Business Only 2 -50.00%
Anchorage Total 82 69.51%
Anchorage Business Only 1
Fairbanks Total 27 7.41%
Fairbanks Business Only 0
EMPLOYMENT
Alaska 318.973 3.67%
Anchorage 135.723 4.23%
Fairbanks 41,660 3.28%
Southeast 40.332 2.77%
Gulf Coast 37.226 1.60%
Sectoral Distribution--Alaska
Total Nonfarm Wage & Salary 326.8 1.38%
Goods-Producing 53 2.83%
Service-Providing 273.8 1.10%
Natural Resources & Mining 10.5 2.86%
Logging 0.5 0.00%
Mining 10 -89.80%
Oil & Gas Extraction 8.5 0.00%
Construction 21.3 3.29%
Manufacturing 21.2 2.36%
Wood Products Manufacturing 0.4 0.00%
Seafood Processing 17.2 2.91%
Trade/Transportation/Utilities 67.2 1.49%
Wholesale Trade 6.6 3.03%
Retail Trade 37.2 2.15%
Food & Beverage Stores 6.5 -1.54%
General Merchandise Stores 9.6 2.08%
Trans/Warehouse/Utilities 23.4 0.00%
Air Transportation 7 -2.86%
Truck Transportation 3.3 0.00%
Information 6.9 1.45%
Telecommunications 4.1 4.88%
Financial Activities 15 2.00%
Professional & Business Svcs 24.7 0.81%
Educational & Health Services 34.6 4.34%
Health Care 24.9 6.02%
Leisure & Hospitality 36.9 1.90%
Accommodation 11.4 0.88%
Food Svcs & Drinking Places 20.9 2.87%
Other Services 11.8 -3.39%
Government 76.7 -0.52%
Federal Government 18.1 -1.66%
State Government 23.5 0.43%
State Education 5.4 5.56%
Local Government 35.1 0.00%
Local Education 16.1 0.00%
Tribal Government 4.6 -2.17%
Labor Force
Alaska 341.502 2.83%
Anchorage 143.882 3.49%
Fairbanks 44,219 2.50%
Southeast 42.942 1.89%
Gulf Coast 40.099 0.58%
Unemployment Rate
Alaska 6.6 -12.12%
Anchorage 5.7 -12.28%
Fairbanks 5.8 -12.07%
Southeast 6.1 -13.11%
Gulf Coast 7.1 -12.68%
MW States 5.7 -8.77%
PETROLEUM/MINING
Crude OW Production--Alaska 25.130 -3.96%
Natural Gas Field
Production--Alaska 16.3 3.01%
North Slope Spot price (Gulf) 48.55 22.10%
Hughes Rig Count
Alaska 9 11.11%
United States 1239 16.55%
Gold Prices 465.45 -0.14%
Solver Prices 7.33 4.50%
Zinc Prices 0.45 49.93%
REAL ESTATE
Anchorage Building Permit
Valuations
Total 42.929 -15.23%
Residential 26.253 4.47%
Commercial 16.676 -46.24%
Deeds of Trust Recorded
Anchorage--Recording District 1525 -2.03%
Fairbanks--Recording District 389 -9.25%
Palmer--Recording District 568 -0.35%
Juneau--Recording District 183 -12.02%
VISITOR INDUSTRY
Total Air Passenger
Traffic--Anchorage 267.75 8.52%
Total Air Passenger
Traffic--Fairbanks 79.06 -2.62%
ALASKA PERMANENT FUND
Equity 27,633 13.30%
Assets 2,877,800 11.46%
No Income 128.40 43.46%
Net Income--Year to Date 397.70 -16.49%
Marketable Debt Securities 8,836 0.97%
Real Estate Investments 2,186 32.67%
Preferred and Common Stock 15,571 18.11%
TRANSPORTATION
Rail Freight--Alaska Railroad 469.90 5.01%
BANKING (excludes interstate
branches)
Total Bank Assets--A1aska 3,822.76 5.05%
Cash & Balances Due 141.55 -10.10%
Securities 1.59 -7.58%
Net Loans and Leases 2,152.24 9.14%
Other Real Estate Owned 4.95 -3.58%
Total Liabilities 3,215.51 5.78%
Total Bank Deposits--Alaska 2,879.89 3.83%
Noninterest-bearing deposits 940.05 3.06%
Interest-bearing deposits 1,939.83 4.21%
FOREIGN TRADE
Value of Dollar
In Japanese Yen 106.610 8.04%
In Canadian Dollars 1,223 -2.86%
In British Pounds 0.543 3.91%
In European Monetary Union 0.782 6.57%
Data compiled by University of Alaska Center Economic Development.
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