Department of Numbers

Fairbanks, Alaska Unemployment

The BLS reported that the unemployment rate for Fairbanks rose 1.7 percentage points in November 2020 to 6.5%. For the same month, the metro unemployment rate was 1.6 percentage points lower than the Alaska rate. The unemployment rate in Fairbanks peaked in April 2020 at 11.4% and is now 4.9 percentage points lower. From a post peak low of 4.8% in October 2020, the unemployment rate has now grown by 1.7 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.

Unemployment Rate November 2020 Month/Month Year/Year
National 6.7% -0.2 +3.1
Alaska 8.1% +2.2 +2.0
Fairbanks 6.5% +1.7 +1.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with November 2020 data as December 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 1,949 fewer people unemployed in the metropolitan area. From a recent trough of 2,208 in October 2020, the number of unemployed has now grown by 745. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.

Unemployed Persons November 2020 Month/Month Year/Year
Fairbanks 2,953 +745 +584

Number of Unemployed Persons

Fairbanks, Alaska Unemployment History

Date National
Unemployment Rate
Alaska
Unemployment Rate
Fairbanks
Unemployment Rate
Fairbanks
Unemployed
December
2020
6.7%
November
2020
6.7% 8.1% 6.5% 2,953
October
2020
6.9% 5.9% 4.8% 2,208
September
2020
7.8% 7.2% 5.8% 2,551
August
2020
8.4% 7.4% 6.0% 2,588
July
2020
10.2% 11.6% 9.6% 4,312
June
2020
11.1% 12.4% 10.5% 4,642
May
2020
13.3% 12.7% 10.7% 4,548
April
2020
14.8% 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
3.5% 6.0% 5.3% 2,339

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.