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  6.  | Alaska Employment: 328,800 Jobs Keeps April Unemployment Steady at 4.6 Percent

Alaska Employment: 328,800 Jobs Keeps April Unemployment Steady at 4.6 Percent

May 20, 2024 | Government, News

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An increase of nearly 9,000 jobs compared to a year before—for a second month in a row—kept the state’s unemployment rate from rising. The Alaska Department of Labor and Workforce Development puts the seasonally adjusted figure for April at 4.6 percent, the same as a month before.

2.8 Percent Job Growth

The statewide rate in April compares to the national rate of 3.9 percent, which was a slight increase from March. Rates have more than recovered from levels prior to the COVID-19 pandemic; unemployment rates were typically higher than 6 percent prior to the oil price crash of 2014.

The unadjusted unemployment rate in the Anchorage area fell to 4.1 percent in April, down from a revised figure of 4.2 in March. The region combining Anchorage and Matanuska-Susitna Borough equaled the unemployment rate for Southeast, which saw a bigger month-to-month drop. The Southwest region contains both the lowest rate in the state, with 2.5 percent in the Aleutians East Borough, and the highest, with 14.5 percent in the Kusilvak Census Area of the Yukon Delta.

Current Issue

Alaska Business June 2024 Cover

June 2024

The total number of nonfarm jobs in April was 328,800, up by more than 4,000 from March and an increase of 9,000 compared to April 2023. Jobs added in the past year represent 2.8 percent growth. Private sector employment grew by 3.2 percent since last year, outpacing government job growth of 1.6 percent.

The information services sector held steady month to month, but the drop from 4,600 jobs a year ago to 4,400 in April represents a 4.3 percent contraction. The retail sector was the only other industry to lose jobs year-over-year, from 34,900 to 34,700, yet retail employment was up by 200 in April compared to March.

The construction sector saw the biggest percentage gain, with 17 percent more jobs in April than the year before, climbing from 15,300 to 17,900. Those 2,600 new jobs outpaced strong growth in the healthcare and transportation, warehousing, and utilities sectors.

Alaska Business June 2024 cover
In This Issue
Delivering Anchorage's Promise
June 2024
Welcome to the June 2024 issue, which features our annual Transportation Special Section. We've paired it this year with a focus on the Pacific Northwest and Hawai'i, as Alaska has close ties to both that reach far beyond lines of transportation. Even further out past our Pacific Ocean compatriots and our Canadian neighbors to the east, Alaska's reach extends to India and Singapore. Enjoy this issue that explores many of Alaska's far-flung business dealings.
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