Fairbanks, Alaska Unemployment
The BLS reported that the unemployment rate for Fairbanks fell 0.0 percentage points in March 2023 to 3.2%. For the same month, the metro unemployment rate was 0.5 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in April 2020 at 9.8% and is now 6.6 percentage points lower. From a post peak low of 3.2% in January 2023, the unemployment rate has now grown by 0.0 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.
| Unemployment Rate | March 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.5% | -0.1 | -0.1 |
| Alaska | 3.7% | -0.1 | -0.6 |
| Fairbanks | 3.2% | 0.0 | -0.9 |
Unemployment Rate: Fairbanks, Alaska, National
Note: Recessions shown in gray.
Fairbanks, Alaska Unemployed
The number of people unemployed in Fairbanks peaked in April 2020 at 4,247. There are now 2,763 fewer people unemployed in the metropolitan area. From a recent trough of 1,479 in January 2023, the number of unemployed has now grown by 5. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.
| Unemployed Persons | March 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Fairbanks | 1,484 | 0 | -369 |
Number of Unemployed Persons
Fairbanks, Alaska Unemployment History
| Date | National Unemployment Rate |
Alaska Unemployment Rate |
Fairbanks Unemployment Rate |
Fairbanks Unemployed |
|---|---|---|---|---|
| April 2023 |
3.4% | — | — | — |
| March 2023 |
3.5% | 3.7% | 3.2% | 1,484 |
| February 2023 |
3.6% | 3.8% | 3.2% | 1,484 |
| January 2023 |
3.4% | 3.8% | 3.2% | 1,479 |
| December 2022 |
3.5% | 3.7% | 3.3% | 1,499 |
| November 2022 |
3.6% | 3.7% | 3.3% | 1,494 |
| October 2022 |
3.7% | 3.8% | 3.3% | 1,493 |
| September 2022 |
3.5% | 3.7% | 3.3% | 1,517 |
| August 2022 |
3.7% | 3.6% | 3.4% | 1,554 |
| July 2022 |
3.5% | 3.8% | 3.5% | 1,601 |
| June 2022 |
3.6% | 3.9% | 3.7% | 1,658 |
| May 2022 |
3.6% | 3.9% | 3.8% | 1,719 |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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