Research & Reports

Anchorage Employment Report: December 2024

Year over year (YOY), Anchorage’s December estimated jobs increased by 2.1% to 152,900. The three fastest-growing sectors were: Construction (8.5%, +600), Accommodations (6.9%, +200), Health Care (6.4%, +1,400).

Month over month (MOM), total Anchorage jobs decreased by an estimated 0.6% (-900 jobs), following seasonal trends.

Anchorage’s job market ended 2024 on a positive note. Only four industries (transportation, retail trade, information, and food places) lost a combined 700 jobs compared to December 2023. While the remaining 17industries either added jobs or maintained their employment levels.

Anchorage’s unemployment rate dropped to 3.7% in December 2024, a 0.2% decrease from November. This
rate is significantly lower than the ten-year December average of 4.7%.