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Unemployment rate at 7.5 percent in September


Alaska’s seasonally adjusted unemployment rate fell two-tenths of a percentage point in September to 7.5 percent. August’s rate was revised down one-tenth of a percentage point to 7.7 percent.

September’s decline ended a four-month stretch of rate increases. Rates so far in 2012 — which will be revised at the end of the year when more information is available — do not show a clear trend up or down.

The national seasonally adjusted rate was 7.8 percent in September, down from August’s 8.1 percent. The U.S. rate remains about a percentage point above its 10-year average, while Alaska’s is near its 10-year average.

Seasonally adjusting Alaska’s unemployment rate allows it to be compared to the national rate. Seasonal adjustment attempts to smooth out typical seasonal changes in the numbers so non-seasonal trends in the economy can be identified.

Alaska’s not-seasonally adjusted rate was 6.4 percent in September, down slightly from August’s revised rate of 6.5 percent. September 2011’s not-seasonally adjusted rate was 6.9 percent.

Across the state, the not-seasonally adjusted rates fell over the year in five of six regions. The largest decline was in the Anchorage/Mat-Su region, where the rate declined from 6.3 percent in September 2011 to 5.7 percent for September 2012. September’s rate was also down from last year in the Northern, Southeast, Gulf Coast and October 19, 2012 No. 12-52

For more information, see http://labor.alaska.gov/news/2012/news12-52.pdf

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