Fairbanks, Alaska Unemployment
The BLS reported that the unemployment rate for Fairbanks fell 0.0 percentage points in November 2023 to 3.9%. 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 5.9 percentage points lower. From a post peak low of 3.2% in January 2023, the unemployment rate has now grown by 0.7 percentage points. You can also compare Fairbanks unemployment with unemployment in other cities.
| Unemployment Rate | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.7% | -0.1 | +0.1 |
| Alaska | 4.4% | +0.1 | +0.7 |
| Fairbanks | 3.9% | 0.0 | +0.6 |
Unemployment Rate: Fairbanks, Alaska, National
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 2,474 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 294. Fairbanks employment and jobs data (including jobs lost/gained in Fairbanks, Alaska) is also available.
| Unemployed Persons | November 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Fairbanks | 1,773 | +25 | +279 |
Number of Unemployed Persons
Fairbanks, Alaska Unemployment History
| Date | National Unemployment Rate |
Alaska Unemployment Rate |
Fairbanks Unemployment Rate |
Fairbanks Unemployed |
|---|---|---|---|---|
| December 2023 |
3.7% | — | — | — |
| November 2023 |
3.7% | 4.4% | 3.9% | 1,773 |
| October 2023 |
3.8% | 4.3% | 3.9% | 1,748 |
| September 2023 |
3.8% | 4.1% | 3.8% | 1,712 |
| August 2023 |
3.8% | 3.9% | 3.6% | 1,653 |
| July 2023 |
3.5% | 3.8% | 3.5% | 1,598 |
| June 2023 |
3.6% | 3.7% | 3.4% | 1,551 |
| May 2023 |
3.7% | 3.6% | 3.3% | 1,511 |
| April 2023 |
3.4% | 3.7% | 3.3% | 1,502 |
| March 2023 |
3.5% | 3.7% | 3.2% | 1,480 |
| February 2023 |
3.6% | 3.8% | 3.2% | 1,484 |
| January 2023 |
3.4% | 3.8% | 3.2% | 1,479 |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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