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December Employment Down 0.3 Percent from Last Year; Unemployment Rate at 6.3 Percent

Jan 23, 2019 | Construction, Featured, Government, Healthcare, Manufacturing, News, Professional Services, Retail, Small Business, Transportation

JUNEAU—December employment was down an estimated 0.3 percent, or 900 jobs, from December 2017. Retail, manufacturing and professional and business services each lost 400 jobs while information and financial activities each fell by 200.

Health care added the largest number of jobs over the year (400). The transportation, warehousing and utilities sector added 200 jobs, as did leisure and hospitality, construction and mining and logging.

Overall, private sector job numbers were down 0.2 percent (-400 jobs) while government employment fell 0.6 percent (-500).

Alaska’s seasonally adjusted December unemployment rate remained at 6.3 percent, and the comparable national rate increased from 3.7 to 3.9 percent.

Not‐seasonally adjusted rates rose in 16 boroughs and census areas, fell in 11, and remained flat in two. Rates increased in nearly all of the Southwest Region, with the largest increases in the Aleutians East and Bristol Bay boroughs as the fishing season wound down. Unemployment fell in all three areas of the Northern Region, with the biggest decrease in the Northwest Arctic Borough.

Kusilvak Census Area had the highest rate at 18.0 percent while Sitka’s rate was lowest at 4.4 percent. Anchorage’s rate was 5.1 percent, Fairbanks’ was 5.8 percent, and Juneau’s was 5.0 percent.

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December 2019

December 2019

Alaska Business Magazine December 2019 cover

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Navigating Medicaid

December 2019

Medicaid was enacted by the federal government in 1965 to pay for certain healthcare services for low-income families with dependent children and the aged, blind, and disabled. Though federally mandated, states share the cost of the program with the federal government, and each state creates and manages its own Medicaid plan, subject to federal approval.”

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