Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks fell 0.8 percentage points in May 2020 to 10.6%. For the same month, the metro unemployment rate was 2.1 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in April 2020 at 11.4% and is now 0.8 percentage points lower. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate May 2020 Month/Month Year/Year
National 13.3% -1.4 +9.7
Alaska 12.7% -0.8 +6.5
Fairbanks 10.6% -0.8 +5.2
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with May 2020 data as June 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 April 2020 at 4,902. There are now 372 fewer people unemployed in the metropolitan area. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons May 2020 Month/Month Year/Year
Fairbanks 4,530 -372 +2,111

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
July
2020
10.2%
June
2020
11.1% 12.4%
May
2020
13.3% 12.7% 10.6% 4,530
April
2020
14.7% 13.5% 11.4% 4,902
March
2020
4.4% 5.2% 4.9% 2,146
February
2020
3.5% 5.8% 5.1% 2,228
January
2020
3.6% 6.0% 5.3% 2,339
December
2019
3.5% 6.1% 5.3% 2,352
November
2019
3.5% 6.1% 5.4% 2,369
October
2019
3.6% 6.1% 5.4% 2,384
September
2019
3.5% 6.2% 5.4% 2,396
August
2019
3.7% 6.2% 5.4% 2,403

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.