Department of Numbers

NOTE: It looks like there won't be any metro employment/unemployment updates for the next few months. The BLS is reworking the data based on new OMB geographic delineations and won't be able to release updates until at least (and probably later than) April 21st. More here. I'll update the data as soon as it's available. Sorry folks.

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks fell 0.1 percentage points in December 2014 to 5.7%. 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 August 2009 at 7.4% and is now 1.7 percentage points lower. From a post peak low of 5.5% 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 December 2014 Month/Month Year/Year
National 5.6% -0.2 -1.1
Alaska 6.4% -0.1 -0.5
Fairbanks 5.7% -0.1 +0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with December 2014 data as January 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 759 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 160. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons December 2014 Month/Month Year/Year
Fairbanks 2,652 -51 +141

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
April
2015
5.4%
March
2015
5.5% 6.5%
February
2015
5.5% 6.3%
January
2015
5.7% 6.3%
December
2014
5.6% 6.4% 5.7% 2,652
November
2014
5.8% 6.5% 5.8% 2,703
October
2014
5.7% 6.7% 5.9% 2,725
September
2014
5.9% 6.8% 5.9% 2,706
August
2014
6.1% 6.9% 5.9% 2,690
July
2014
6.2% 6.9% 5.7% 2,612
June
2014
6.1% 7.0% 5.6% 2,576
May
2014
6.3% 6.9% 5.6% 2,547

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.