Anchorage Employment Report: August 2021
Job numbers for the month of July show an increase of 5,900 jobs up from July of 2020. We are seeing job growth slow as we move further into summer and closer to the fall and winter seasons. Almost all sectors saw positive growth with the exception of oil & gas, manufacturing, Information, state education and other services.
The number of single-family homes sold year-to-date has increased by 12%. The average sale price so far in 2021 has risen by 11%. Single- family home listings decreased by 57% 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 are Providence Health & Services, Alaska Native Tribal Health Consortium, Humana, Anchorage School District and the state of Alaska.
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 have seen a remarkable rebound in over the course of the summer, and are now hoping to see further economic improvements as a result of federal infrastructure funds.