Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks fell 0.0 percentage points in July 2021 to 5.1%. For the same month, the metro unemployment rate was 1.5 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in April 2020 at 9.9% and is now 4.8 percentage points lower. From a post peak low of 4.2% in February 2021, the unemployment rate has now grown by 0.9 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate July 2021 Month/Month Year/Year
National 5.4% -0.5 -4.8
Alaska 6.6% 0.0 -4.4
Fairbanks 5.1% 0.0 -3.9
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with July 2021 data as August 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 4,376. There are now 2,075 fewer people unemployed in the metropolitan area. From a recent trough of 1,890 in February 2021, the number of unemployed has now grown by 411. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons July 2021 Month/Month Year/Year
Fairbanks 2,301 -18 -1,727

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
August
2021
5.2%
July
2021
5.4% 6.6% 5.1% 2,301
June
2021
5.9% 6.6% 5.1% 2,319
May
2021
5.8% 6.6% 5.2% 2,346
April
2021
6.1% 6.7% 5.3% 2,376
March
2021
6.0% 6.7% 5.3% 2,386
February
2021
6.2% 6.6% 4.2% 1,890
January
2021
6.3% 6.6% 5.0% 2,263
December
2020
6.7% 6.5% 5.2% 2,333
November
2020
6.7% 6.5% 5.2% 2,331
October
2020
6.9% 6.5% 5.3% 2,347
September
2020
7.8% 7.0% 5.6% 2,396

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.