Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks rose 0.1 percentage points in October 2018 to 5.6%. For the same month, the metro unemployment rate was 0.8 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in September 2009 at 7.5% and is now 1.9 percentage points lower. From a post peak low of 5.3% in April 2015, the unemployment rate has now grown by 0.3 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate October 2018 Month/Month Year/Year
National 3.7% 0.0 -0.4
Alaska 6.4% -0.1 -0.8
Fairbanks 5.6% +0.1 -0.9
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2018 data as November 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 3,492. There are now 942 fewer people unemployed in the metropolitan area. From a recent trough of 2,455 in August 2018, the number of unemployed has now grown by 95. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons October 2018 Month/Month Year/Year
Fairbanks 2,550 +30 -468

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
November
2018
3.7%
October
2018
3.7% 6.4% 5.6% 2,550
September
2018
3.7% 6.5% 5.5% 2,520
August
2018
3.9% 6.7% 5.4% 2,455
July
2018
3.9% 6.9% 5.7% 2,596
June
2018
4.0% 7.1% 6.0% 2,743
May
2018
3.8% 7.2% 6.4% 2,994
April
2018
3.9% 7.3% 6.6% 3,055
March
2018
4.1% 7.3% 6.3% 2,923
February
2018
4.1% 7.3% 6.3% 2,959
January
2018
4.1% 7.3% 6.4% 2,999
December
2017
4.1% 7.2% 6.4% 3,000

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.