Anchorage Employment Report: August YTD
August 2020 experienced a drop of 14,200 jobs compared to August 2019. All sectors lost substantial numbers of jobs with Leisure & Hospitality showing the highest job losses at 6,000. There were no other industry sectors that did not lose a significant number of jobs in August 2020. The top employers are Providence Health and Services, and the University of Alaska, even though there are a high number of job losses in those industry sectors. This month’s data reflect the continuing impacts of COVID-19 related shutdown of the Anchorage economy.
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. This reflects a continuation of the 5-year recession into 2020 prior to the onset of the COVID-19 pandemic impacts that now grips the city’s economy.
In housing, 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.