Anchorage Employment Report: May 2021
Average job numbers for the month of April stood at 9,800 jobs up from April of 2020. This is our first glimpse of job recovery post the COVID-19 crisis. We are hopeful that even better news is coming when May data is released in mid-June and – given current trends – Anchorage should see an even more significant return to job growth.
Almost all sectors saw positive growth with the exception of oil & gas, transportation/warehouse/utilities, and local government.
The number of single-family homes sold year-to-date has increased by 20.9%. The average sale price so far in 2021 has risen by 5.3%. Single-family home listings decreased by 47% compared to the same period in 2020, suggesting that the housing market is falling deeper into a seller’s market.
The top five companies posting jobs continue to be Providence Health & Services, Alaska Native Tribal Health Consortium, Humana, Anchorage School District, Alaska Teacher Placement. Unemployment claims data equaled 9.2% of the labor force in April.
This month’s data reflects the changes to come as a result of COVID-19 recovery efforts in addition to a thawing national economy. We are seeing commercial air traffic back to 90% of pre-pandemic levels and are hopeful for a return of cruise ships to Alaska ports with the passage of the Alaska Tourism Restoration Act.