This July, The not seasonally adjusted unemployment rate for Anchorage in July was 5.7 percent, down 0.2 percent compared to the June revised rate. This is 1.1 percent above the national not seasonally adjusted rate of 4.6 percent and 0.9 percent below the statewide not seasonally adjusted rate of 6.6 percent. The July unemployment rate for Anchorage was 0.6 percent higher than it was in July 2016. As always, it should be noted that these are preliminary survey figures for July and will be revised next month.

With this latest figure, the 2017 average year-to-date (YTD) not seasonally adjusted unemployment rate in Anchorage was 5.8 percent at the end of July, 0.6 percent higher than at this time last year. A decrease of 366 in the employment total and an increase of 1159 in the Anchorage labor force during the YTD period has resulted in the reported unemployment total increasing by 268.

As for Anchorage industry employment estimates, which includes total jobs in Anchorage held by city residents and commuters, the YTD average through July for 2017 shows a loss of 3,000 jobs (-1.9%) so far compared to the same period in 2016. The private sector (total jobs minus government jobs) at 122,700 jobs shrunk by 2,700 (-1.3%) jobs during this time, while Government employment at 28,700 jobs has decreased by 300 (-1.0%). Federal jobs decreased by 100 (-1.2%). State Government jobs have decreased by 300 (-2.9%) and Local Government jobs have increased by 300 (+3.0%). Please note these figures will likely be revised as more data is received and additional analysis is conducted.

AEDC’s employment reports are generously co-sponsored by First National Bank Alaska and Alaska Communications.