July Alaska Economic Trends 2013
July Trends is our annual cost-of-living issue, which reports on various ways to measure prices in Alaska communities. The Anchorage consumer price index, often considered the de facto measure for the state, shows inflation rose 2.2 last year in Alaska’s largest city, a modest increase overall. Other sources allow comparison between communities, showing everything from the average price of a single-family home to the cost of a t-bone steak.
Also this month is a report on the other, lesser-known ways to measure unemployment and underemployment. The official monthly unemployment rate measures a specific jobless group – those who want to work, are available, and have searched for a job in the past four weeks. A set of alternate rates quantifies labor underutilization among other groups, providing a more complete picture of monthly unemployment.