Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks fell 0.0 percentage points in October 2014 to 5.9%. For the same month, the metro unemployment rate was 0.8 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in August 2009 at 7.4% and is now 1.5 percentage points lower. From a post peak low of 5.5% in January 2014, the unemployment rate has now grown by 0.4 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate October 2014 Month/Month Year/Year
National 5.8% -0.1 -1.4
Alaska 6.7% -0.1 +0.1
Fairbanks 5.9% 0.0 +0.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2014 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 3,411. There are now 675 fewer people unemployed in the metropolitan area. From a recent trough of 2,492 in January 2014, the number of unemployed has now grown by 244. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons October 2014 Month/Month Year/Year
Fairbanks 2,736 +30 +150

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
November
2014
5.8% 6.6%
October
2014
5.8% 6.7% 5.9% 2,736
September
2014
5.9% 6.8% 5.9% 2,706
August
2014
6.1% 6.8% 5.9% 2,690
July
2014
6.2% 6.5% 5.7% 2,612
June
2014
6.1% 6.4% 5.6% 2,576
May
2014
6.3% 6.3% 5.6% 2,547
April
2014
6.3% 6.4% 5.6% 2,544
March
2014
6.7% 6.6% 5.6% 2,577
February
2014
6.7% 6.5% 5.6% 2,544
January
2014
6.6% 6.4% 5.5% 2,492
December
2013
6.7% 6.4% 5.6% 2,511
November
2013
7.0% 6.5% 5.6% 2,548

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.