Anchorage Employment Report: September YTD

September 2020 experienced a drop of 15,000 jobs compared to September 2019. All sectors lost substantial numbers of jobs, with Leisure & Hospitality most impacted with 5,700 job losses. 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 deceased, 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 a job losses in the Healthcare sector. Unemployment is at 11.6% in September 2020, down from the estimated 14.2% in August 2020.

Revised jobs data for the first quarter of 2020 has just been released and show that the period of January through March saw an average 800 jobs lost in the quarter. The downward trend caused by COVID impacts and the continuation of the preexisting recession continues.

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