The unemployment rate for Anchorage in October was 4.7
percent, the lowest monthly rate recorded since November, 2007.
The year-to-date (YTD) non-seasonally adjusted unemployment
rate in Anchorage is down 0.1 percent from September, averaging
5.7 percent. This is 0.6 percent lower than the 2011 YTD average.
The monthly rate has gone down 0.5 percent from September,
and 0.9 percent from October 2011. The monthly unemployment
rate has dropped 0.6 percent since the beginning of the year. The
increase of 291 in the employment total during the YTD period
is primarily attributed to a reduction of 921 in the unemployment
total, but also encompasses a 630 person decrease in the
Anchorage labor force.
It is important to note that these unemployment numbers
represent the labor force residing in Anchorage, and do not include
jobs in Anchorage held by residents from outside the municipality.
The industry employment estimates referenced in the remainder
of this report are representative of all jobs in the Municipality of
Anchorage, regardless of the job holder’s place of residency.
As for the Anchorage Industry Employment estimates, the YTD
average has maintained its upwards momentum and has a total
increase of 1,680 over 2011 YTD. Industries showing the most
improved YTD growth rates from September to October include
educational & health services, professional & business services
and leisure & hospitality. Seven of the ten major sector’s October
2012 averages are at or above October 2011s, indicating sustained
growth in many fields.
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