April Unemployment Rate Holds Steady

May 24, 2022 | Government, News

employment

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A downward trend in Alaska’s unemployment rate leveled out in April, matching the revised rate for March. The Alaska Department of Labor and Workforce Development puts the seasonally adjusted figure for both months at 4.9 percent.

Flat Start to Q2 

The rate in Alaska remains above the national rate of 3.6 percent, which likewise was unchanged from a month before.

The unadjusted rate in Anchorage and the Matanuska-Susitna Borough was a combined 4.3 percent, down from 4.5 in March. Unemployment in the Interior and Southeast Alaska also dropped, to 4.6 and 4.3 percent, respectively.

Total number of jobs increased 2.2 percent since April 2021, with 6,700 more Alaskans employed than a year earlier. That figure is still 11,800 below April 2019, a slightly smaller difference than the shortfall in March.

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May 2025

The leisure and hospitality sector had 3,900 more jobs than last April, when restaurants and tourism businesses were uncertain about the upcoming summer season. The trade, transportation, and utilities sector was up by 900 jobs year over year. The 7,200 jobs in the oil and gas sector held steady from the previous month, about 500 more than year-ago levels but 2,700 less than in 2019.

Local government was up by 900 jobs year over year. State government employment also fell 900 below last year’s level. Federal employment is the same as in April 2021 and has now risen above its pre-pandemic level by about 500 jobs in Alaska.

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The May 2025 issue of Alaska Business features the construction special section, which includes our cover story about the National Association of Women in Construction and that organization’s goal to expand and elevate Alaska’s construction workforce. It’s joined by a construction forecast, a look at technology in new residential construction, a summary of upcoming projects at the Ted Stevens Anchorage International Airport, and a feature on small contractors making a big difference. Which ties directly to the issue's small business theme. Small businesses have a big impact on our daily lives, so we’ve taken the opportunity to help you get to know a few of them a little better. Enjoy!
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