Unemployment Rate Down Slightly to 4.7% in May

Jun 22, 2022 | Government, News

employment

FUNTAP P | DREAMSTIME

A downward trend in Alaska’s unemployment rate resumed after holding steady in April. The Alaska Department of Labor and Workforce Development puts the seasonally adjusted figure for May at 4.7 percent.

Continued Recovery

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 4.1 percent, down from 4.3 in April. Unemployment in the Interior and Southeast Alaska also dropped, to 4.3 and 3.9 percent, respectively.

Total number of jobs increased 2.9 percent since May 2021, with 8,900 more Alaskans employed than a year earlier. That figure is still 15,300 below April 2019.

Current Issue

Alaska Business June 2025 Cover

June 2025

The leisure and hospitality sector had 3,800 more jobs than last May. The transportation, warehousing, and utilities sector was up by 1,400 jobs year over year. The 7,200 jobs in the oil and gas sector held steady for a third straight month, about 600 more than year-ago levels but 2,500 less than in 2019.

Local government was up by 800 jobs year over year. State government employment also fell 600 below last year’s level. Federal employment was up by 300 compared to May 2021 and has risen above its pre-pandemic level by about 500 jobs in Alaska.

Related Articles
Alaska Business Magazine June 2025 cover
In This Issue
Transportation + Southeast
June 2025
Alaskans are familiar with the opportunities made available through transportation, from visiting a secluded fishing spot or meeting with a healthcare professional to shipping in goods to stock a shelf. Our June Transportation special section highlights a range of transportation topics, from updates to the Marine Highway to the new Metropolitan Planning Organization in the Mat-Su to our cover story profiling Kenai Aviation, which has seen incredible growth in recent years. With the added focus in this issue on Southeast, Alaska’s reliance on predictable and safe transportation options becomes abundantly clear. Enjoy!
Share This