Department of Numbers

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
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with March 2023 data as April 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 4,247. 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.