Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks fell 0.2 percentage points in October 2016 to 6.1%. For the same month, the metro unemployment rate was 0.7 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in September 2009 at 7.5% and is now 1.4 percentage points lower. From a post peak low of 5.3% in March 2015, the unemployment rate has now grown by 0.8 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate October 2016 Month/Month Year/Year
National 4.9% -0.1 -0.1
Alaska 6.8% 0.0 +0.2
Fairbanks 6.1% -0.2 +0.4
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2016 data as November 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 3,492. There are now 716 fewer people unemployed in the metropolitan area. From a recent trough of 2,453 in April 2015, the number of unemployed has now grown by 323. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons October 2016 Month/Month Year/Year
Fairbanks 2,776 -116 +144

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
November
2016
4.6%
October
2016
4.9% 6.8% 6.1% 2,776
September
2016
5.0% 6.8% 6.3% 2,892
August
2016
4.9% 6.8% 5.8% 2,659
July
2016
4.9% 6.7% 5.8% 2,635
June
2016
4.9% 6.7% 5.6% 2,557
May
2016
4.7% 6.7% 5.7% 2,621
April
2016
5.0% 6.6% 5.7% 2,624
March
2016
5.0% 6.6% 5.6% 2,567
February
2016
4.9% 6.6% 5.6% 2,567
January
2016
4.9% 6.6% 5.6% 2,566
December
2015
5.0% 6.6% 5.6% 2,609

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.