Anchorage Employment Report: July 2022
Preliminary job numbers for the month of July show an increase of 4,900 jobs up from July of 2021, which is the seventh month of year-over-year job growth, showcasing Anchorage’s steady recovery from the pandemic-affected job market of 2021. In addition to overall growth, all job sectors saw flat to significant growth except for health care, accommodations, and state government.
The top five employers posting jobs in July are Anchorage School District, Providence Health and Services, Municipality of Alaska, University of Alaska Anchorage, and Southcentral Foundation. These employers continue to post significantly more jobs than there are available workers in Anchorage, contributing to a historically low monthly unemployment rate of 3.6%.
The number of single-family homes sold year-to-date has decreased by 15.1% while the average sale price has increased by 7.1% compared to the same period in 2021. Single-family home listings year-to-date decreased by 23.6% compared to the same period in 2021, indicating that the housing market remains deep into a seller’s market. With national inflation rates continuing to remain near 10%, and Anchorage inflation rate reaching 12.4% in June, a broad range of interest rates will likely continue to increase as we progress into 2022.