Not from the recession, anyhow. Our unemployment is running around 7.5%, and depending on which economist you ask, it looks like we'll lose about 3400 jobs this year. Most of the state's job loss will be in the construction, transportation, and resource extraction. Fairbanks is one of the few towns in the state (and the country) that will stay steady or see modest employment gain.
That's not fabulous news for real estate values. But it could be much worse. We're a resourceful bunch, and we'll get by.
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