This May, the not seasonally adjusted unemployment rate for Anchorage in May was 5.8 percent, flat compared to the May revised rate. This is 1.7 percent above the national not seasonally adjusted rate of 4.1 percent and 1.0 percent below the statewide not seasonally adjusted rate of 6.8 percent. The May unemployment rate for Anchorage was 0.5 percent higher than it was in May 2016. As always, it should be noted that these are preliminary survey figures for May 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 May, 0.1 percent higher than at this time last year. A decrease of 366 in the employment total and an increase of 98 in the Anchorage labor force during the YTD period has resulted in the reported unemployment total increasing by 207.

As for Anchorage industry employment estimates, which includes total jobs in Anchorage held by city residents and commuters, the YTD average for 2017 continues to average a loss of 1,700 jobs (-1.1%) so far compared to the same period in 2016. The private sector (total jobs minus government jobs) at 121,800 jobs shrunk by 1,600 (-1.3%) jobs during this time, while Government employment at 29,500 jobs has decreased by 100 (-0.3%). Federal jobs are flat so far. State government jobs have decreased by 300 (-2.9%) and Local Government jobs have increased by 200 (+1.9%).  Please note that these figures will likely be revised as more data is received and additional analysis is conducted.

To view the complete Anchorage employment report, co-sponsored by First National Bank Alaska and Alaska Communications, please click here.