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Unemployment at 5-year low in Anchorage

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.

 

View the full report on AEDC's website. Look for the link on this page.

Link to AEDC's full report

AEDC press materials