Anchorage February 2017 unemployment rates increase compared to January
This February, unemployment in Anchorage was at 5.9 percent, a 0.3 percent increase from January, 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 sits at 5.7 percent. These numbers are higher than the national rate of 4.9 percent and below the statewide rate of 7.4 percent.
“Job losses are still happening at this point,” said AEDC President and CEO Bill Popp. “We’re still going to experience more job losses in the immediate future, but the rate of losses has been declining.”
Employment in the Anchorage Educational & Health Services sector showed 600 more jobs than 2016 year-to-date, giving it a growth rate 3.1 percent. This continues a positive growth trend for this sector.
The Goods Producing category, which includes Construction, Mining, Oil & Gas and Manufacturing, has led the overall downward trend with a decrease of 1,400 jobs year-to-date. Fluctuating oil prices continue to cause this sector to reflect economic uncertainty compared to others.
Government employment has declined slightly compared to 2016, with federal jobs decreasing by 200 positions, state government decreasing by 400 positions and local government increasing by 100.