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Alaska Employment: April Unemployment Rate Steady at 3.7 Percent

May 24, 2023 | Government, News

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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 June 2024 Cover

June 2024

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 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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