Anchorage Employment Report: November YTD
November 2020 experienced a drop of 13,500 jobs compared to November 2019. All sectors lost substantial numbers of jobs with Leisure & Hospitality being the sector with the highest job losses at 4,600. There were no other industry sectors that did not lose a significant number of jobs in November 2020. The number of single-family homes sold year-to-date has increased significantly.
The average sale price has risen to new record highs. Single-family home listings decreased, suggesting that the housing market is a seller’s market. The top employers are Providence Health and Services, and the Alaska Native Tribal Health Consortium, even though there are job losses in the Healthcare sector. Unemployment is at 9.9% in November 2020, down from 10.6% in October 2020. This month’s data reflects the continuing impacts of COVID-19 related shutdown of the Anchorage economy.
Revised jobs data for the second quarter of 2020 has just been released and shows that the period from April through June saw an average 19,600 jobs lost in the quarter. This reflects the impacts of the COVID-19 pandemic on employment.