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Unemployment rate at 7.3 percent in June

Alaska’s seasonally adjusted unemployment rate was 7.3 percent for June, up from May’s rate of 7.0 percent. The U.S. rate remained at 8.2
percent. The state and national jobless rates have both changed very little during the fi rst half of 2012 — Alaska’s rate has ranged from 6.9 to 7.3 percent, and the nation’s has been between 8.1 and 8.3 percent. It is too early to tell whether the June increase in Alaska’s rate indicates a new trend. Both the Alaska and U.S. rates remain below year-ago levels. Alaska’s rate is down half a percentage point and the national rate is eight-tenths of a percentage point lower than in June 2011.

Alaska’s rate is hovering at its 10-year average, and the state’s job count has increased each year after a small decline in 2009. In contrast, the nation is still recovering its recession-related job losses and the national unemployment rate remains well above pre-recession levels.

In May, 28 states had higher rates than Alaska and 21 had lower rates. The highest was in Nevada at 11.6 percent, and the lowest was 3.0
percent in North Dakota. Regional employment rates, which are not seasonally adjusted, ranged from 2.2 percent in Bristol Bay to 25.6 percent in Wade Hampton.

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