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Unemployment rate at 7.3 percent in November


Alaska’s seasonally adjusted unemployment rate
was essentially unchanged in November, declining
one-tenth of a percentage point to 7.3 percent.

The comparable national rate for November was 8.6
percent, down from 9.0 percent in October. The big
drop in the national rate was only the second time
in the past 10 years that it has fallen by as much as
four-tenths of a percentage point.

The U.S. and Alaska rates have both drifted downward
over the past year. Alaska’s unemployment
rate is down six-tenths of a percentage point from
November 2010 and the national rate is down 1.2
percentage points.

Not seasonally adjusted unemployment rates increased
in all but one of the state’s regions in November,
which is typical as fi sheries slow and tourism
enters a deep freeze. The biggest increases in
unemployment were in the most fi shing-dependent
regions — the Gulf Coast and Southwest rates increased
by more than a percentage point, and rates
nearly doubled in Kodiak and the Aleutians.
Unemployment was 20 percent or higher in Skagway
and the Denali Borough, the two areas that
depend most on tourism.

Preliminary employment estimates show marginal
growth since November 2010, although the estimates
are subject to potentially large revisions.
Overall, it appears that 2011 will be a year of mild
job growth for Alaska.

Read the complete release with charts, here.

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