Actuary warns UI financing has lost flexibility as trust fund surges; economists forecast slower job growth in 2026 The Department of Labor actuary told the House Finance Committee that Alaska's unemployment insurance (UI) trust fund has grown substantially since 2021, creating a mismatch with declining benefit costs and statutory tax‑rate floors that limit rate adjustments. Economists also forecast modest job gains in 2026 with sector shifts in oil & gas, construction and health care.

Alaska's unemployment insurance trust fund is booming, but a rigid tax structure is preventing necessary rate adjustments, leaving lawmakers with tough choices ahead.

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