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  6.  | Alaska Employment: April Unemployment Rate Steady at 3.7 Percent

Alaska Employment: April Unemployment Rate Steady at 3.7 Percent

May 24, 2023 | Government, News



Alaska’s unemployment rate held steady in April. The Alaska Department of Labor and Workforce Development (DOLWD) puts the seasonally adjusted figure at 3.7 percent, the same as March.

How Low Can It Go?

The unadjusted unemployment rate in the Anchorage area is lower, at 3.4, with the municipality at 3.1 percent and the Matanuska-Susitna Borough at 4.4 percent. The state’s lowest unemployment was in the Aleutians East Borough at 1.8 percent; the Aleutians West Census Area saw 2.7 percent, comparable to Juneau and Sitka at 2.5 and 2.6 percent, respectively, both slightly lower than in March.

Every region had lower unadjusted rates in April compared to a year earlier, but a few local areas were higher, year-over-year. Haines and Prince of Wales Island are up (to 6.8 and 6.3 percent, respectively), as is the Chugach Census Area, which encompasses Prince William Sound and Cordova, rising from 3 percent last April to 4.7 percent this year.

Total number of jobs in Alaska was up by 2 percent year over year, an increase of 6,100 since April 2022. DOLWD puts total nonfarm employment at 318,600, up by nearly 5,000 from the March total.

Current Issue

Alaska Business September 2023 Cover

September 2023

All Alaska industries grew or remained flat over the year. The two sectors that gained the most jobs were the two hit hardest by pandemic losses. Leisure and hospitality employment increased by 1,900 jobs, and the transportation, warehousing, and utilities sector added 1,000. Both have exceeded pre-pandemic job levels.

The public sector added jobs over the year, led by the federal government adding more than 500. Local government, which includes public schools, was up by 400 jobs and state government was up by 100 jobs.

All industries added jobs except for the information sector, which was flat for another month in a row, with the same 4,700 jobs as in April 2022.

Alaska Business September 2023 cover
In This Issue
Alaska Native Special Section
September 2023
Alaska Native regional, village, and urban corporations are major economic drivers across the state, nation, and in worldwide markets. In this issue we cover many of this sector's recent activities, how leadership is mentoring a new generation, and how these corporations share the wealth with their shareholders, descendents, regions, and villages. Also in this issue we take a moment to explore what's happening in western and northern parts of the state: the AU-Aleutians project, tourism opportunities, retail realities, and more. Enjoy!
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