Unemployment Rate at 6.4 Percent in April
Alaska’s seasonally adjusted unemployment rate was 6.4 percent in April, down from 6.6 percent in March. The comparable national rate was 6.3 percent, down from March’s 6.7 percent.
The significant decline in the U.S. rate pushed it below Alaska’s for the first time in nearly five-and-a-half years. While this reversal may seem noteworthy in the context of recent history, it is really just a return to normalcy. Alaska’s rate was higher than the nation’s from 1983 until 2008.
Alaska’s not-seasonally adjusted unemployment rate was 6.5 percent in April, down eight-tenths of a percentage point from March. Large drops in the unadjusted rate are typical in April.
Not-seasonally adjusted rates fell in all but one of Alaska’s boroughs and census areas. The lone rate increase was in the Aleutians West Census Area with the wrap-up of the winter pollock season. The largest rate declines were in Southeast, where momentum was building for the upcoming cruise ship season. The unemployment rate fell from 21.6 to 13.1 percent in Skagway, which was the biggest change around the state.
Posted: May 16, 2014