December unemployment rate is highest in 5 years

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ANCHORAGE (KTUU) -


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Methodology:
Data is sourced from the United States Department of Labor and the Alaska Department of Labor and Workforce Development.

Story:
In December 2017, the state’s seasonally adjusted unemployment rate was at 7.3 percent, according to the Alaska Department of Labor and Workforce Development. This marks Alaska's highest level of unemployment, since March 2012.

In comparison, the national rate in December was at 4.1 percent.

Since November, there was a 0.1 percent increase in unemployment, statewide. And compared to one full year ago, in December 2016, Alaska's labor force was down by 3,300 total jobs, or 1.0 percent.

The area with the highest rate of unadjusted unemployment was in the Denali Borough, at 20.6 percent. While the area with the lowest rate of unemployment was in the city and borough of Sitka, at 5.0 percent. Comparatively, Juneau also had relatively low unemployment, at a rate of 5.1 percent.

Compared to unemployment rates of December 2016, both Denali and Sitka increased their unemployment rates. Since one year ago, Denali had a 2.4 percent increase, and Sitka had a 0.8 percent increase.

Since November 2017, unadjusted unemployment rates increased in 22 census areas and boroughs, decreased in 5 and remained static in two.

The five areas that saw rate decreases, include: the North Slope Borough, the Northwest Arctic Borough, Skagway, the Southeast Fairbanks Census Area and Yakutat.

Meanwhile, both Anchorage and Ketchikan remained flat, at 5.7 percent and 7.0 percent respectively.

[Read More: Alaska will see modest job losses in 2018, new report says]



 
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