Unemployment Rate Unchanged from May to June

Jul 27, 2022 | Government, News

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Alaska’s unemployment rate held steady in June after a revision slightly improved the outlook in May. The Alaska Department of Labor and Workforce Development revised the seasonally adjusted figure for May at 4.6 percent, down from 4.7, and the rate in June is also 4.6.

Slowed Recovery

The rate in Alaska remains above the national rate of 3.6 percent, which likewise was unchanged for a third month in a row.

The unadjusted rate in Anchorage and the Matanuska-Susitna Borough was a combined 4.2 percent, up slightly from May. Southeast Alaska also increased slightly, from 3.8 to 4.1, while unemployment in the Interior was flat at 4.3 percent in June.

Total number of jobs increased 2.5 percent since June 2021, with 7,900 more Alaskans employed than a year earlier. That figure is a smaller improvement than the month before and still 20,100 below June 2019.

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Alaska Business May 2025 Cover

May 2025

The leisure and hospitality sector had the strongest year-over-year growth, up 10.7 percent, but the 38,200 total jobs are still below the 42,800 in June 2019. Transportation, warehousing, and utilities saw 7.5 percent growth in jobs year-over-year, with 1,600 added since June 2021, yet that sector remains 2,100 jobs below June 2019. The oil and gas sector is 2,700 jobs down from 2019.

The Department of Labor points to a few sectors that have recovered to their pre-pandemic employment: construction, healthcare, wholesale trade, and the federal government.

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Alaska Business Magazine May 2025 cover
In This Issue
CONSTRUCTION + SMALL BUSINESS
May 2025
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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