March marked Anchorage’s lowest unemployment rate for the month since 1999, according to the latest employment report released by the Anchorage Economic Development Corporation.
The report reveals a 4.9 percent unemployment rate for the month, down .2 percent from February. Anchorage jobs are on the rise, with a total year-to-date increase of 1,467 jobs.
The oil and gas sector showed the most significant increase with 600 more jobs than last year at this point. Construction employment also shows higher job numbers than usual in March, with The Associated General Contractors of Alaska estimating an 8 percent increase in construction spending this year. Health care employment continues to be one of the fastest growing service producing industries with 533 more jobs than in March 2012. The state Department of Labor identifies health care as the industry with the highest growth potential in Alaska over the course of the next decade.
Jobs are also on the rise in the transportation, professional and business services sectors, while unemployment claims were lower in the final week of the first quarter than this time in the previous four years.
AEDC is a private, nonprofit membership organization developed in 1987 to encourage growth and to diversify the Anchorage economy. The organization has more than 235 investors, which represent all industries in Anchorage and Alaska. For more information visit aedcweb.com.