This August, the not seasonally adjusted unemployment rate for Anchorage in was 5.5%, down 0.1% compared to the July revised rate. This is 1.0% above the national not seasonally adjusted rate of 4.5% and 0.8% below the statewide not seasonally adjusted rate of 6.3%. The August unemployment rate for Anchorage was 0.6 % higher than it was in August 2016. As always, please note that these are preliminary survey figures and will be revised next month.
Anchorage’s 2017 average year-to-date (YTD) not seasonally adjusted unemployment rate remains at 5.7% at the end of August, 0.4% higher than at this time last year. An increase of 1,664 in the employment total and an increase of 2,387 in the Anchorage labor force during the YTD period has resulted in the reported unemployment total increasing by 723. The number of unemployed people in Anchorage for the month of August is estimated at 8,605 (those actively looking for jobs), 1,000 more than August 2016.
As for specific Anchorage industry employment estimates, which includes total jobs in Anchorage held by city residents and commuters, the YTD average through August 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 123,300 jobs shrunk by 2,700 (-1.3%) jobs during this time, while Government employment at 28,300 jobs has decreased by 300 (-1.0%). Federal jobs declined by 100 (-1.2%). State government jobs have declined by 400 (-3.9%), and Local Government jobs have increased by200 (+2.0%).