Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks rose 0.2 percentage points in February 2014 to 5.5%. For the same month, the metro unemployment rate was 1.0 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in July 2009 at 7.3% and is now 1.8 percentage points lower. From a post peak low of 5.3% in January 2014, the unemployment rate has now grown by 0.2 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate February 2014 Month/Month Year/Year
National 6.7% +0.1 -1.0
Alaska 6.5% +0.1 0.0
Fairbanks 5.5% +0.2 -0.3
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with February 2014 data as March metro level unemployment data has not yet been released.

Unemployment Rate: Fairbanks, Alaska, National

Fairbanks, Alaska monthly unemployment rate chart

Note: Recessions shown in gray.

Fairbanks, Alaska Unemployed

The number of people unemployed in Fairbanks peaked in October 2009 at 3,375. There are now 844 fewer people unemployed in the metropolitan area. From a recent trough of 2,479 in January 2014, the number of unemployed has now grown by 52. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons February 2014 Month/Month Year/Year
Fairbanks 2,531 +52 -180

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
March
2014
6.7%
February
2014
6.7% 6.5% 5.5% 2,531
January
2014
6.6% 6.4% 5.3% 2,479
December
2013
6.7% 6.4% 5.4% 2,493
November
2013
7.0% 6.5% 5.5% 2,539
October
2013
7.2% 6.6% 5.5% 2,544
September
2013
7.2% 6.6% 5.4% 2,525
August
2013
7.2% 6.7% 5.5% 2,544
July
2013
7.3% 6.7% 5.4% 2,510
June
2013
7.5% 6.6% 5.4% 2,496
May
2013
7.5% 6.5% 5.4% 2,490
April
2013
7.5% 6.4% 5.5% 2,529
March
2013
7.5% 6.4% 5.6% 2,598

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.