This April, unemployment in Anchorage was at 5.7 percent, a 0.1 percent decrease from March, according to the latest AEDC Employment Report co-sponsored by First National Bank Alaska and Alaska Communications.
With this latest figure, the 2017 year-to-date Anchorage unemployment rate remains at 5.7 percent. These numbers are higher than the national rate of 4.1 percent and below the statewide rate of 6.6 percent.
As for Anchorage industry employment estimates, which includes total jobs in Anchorage held by city residents and commuters, the YTD average for 2017 shows a loss of 1,700 jobs (-1.1%) so far compared to the same period in 2016.
Losses in the number of Goods Producing jobs in Anchorage continue to lead the overall downward trend 2017 YTD. The year to date average of 10,500 is 1,300 (-11.0%) fewer jobs than the same period in 2016.
The Oil & Gas sector YTD job total shows 800 (-24.2%) fewer jobs so far this year compared to 2016 YTD, though year-over-year losses seem to be slowing. The statewide Oil & Gas industry YTD employment is down 2,200 jobs (-17.6%) compared to the same period in 2016. The continuing $45 to $55 price range of domestic and international oil prices demonstrate the “new normal,” that oil markets will likely be facing in the coming years. Significantly lower prices than the recent historic highs will continue to be held in check by the fracking technological revolution.