Fairbanks, state are feeling recession effects

Fairbanks Daily News-Miner
July 20, 2009
By Christopher Eshleman

FAIRBANKS — Local and state officials have consistently said Fairbanks and Alaska are to some degree buffered from an international recession. Numbers show the state is feeling a pinch through the first half of 2009.

Fairbanks hosts millions of dollars worth of government and military construction projects. That work offers some shelter to income figures already anchored by a high number of government jobs, and it protects local economies as the city and state struggle through a major national recession.