Alaska’s unemployment rate has been lower than the nation’s for exactly three years.
For decades the state’s rate was at least one to two percentage points higher than the rest of the U.S. But that began to change in October of 2008. Now in the third year, Labor Economist Neal Fried said Alaska’s unemployment rate fell below the nation’s unemployment rate and it stayed there for three straight years.
“It’s not an Alaskan story,” said Fried. “It’s more of a national story about how tough that job market and how high that unemployment rate is and it stayed.”
In October of 2011, 7.4 percent of Alaskans were without jobs, compared to 9.0 percent nationwide. The state’s October 2010 rate was 7.9 percent, while the U.S. rate was 9.7 percent.
Unemployment in Juneau was 5 percent, up slightly from September and due to the loss of seasonal jobs.
- The social media company posted stronger-than-expected revenue of $616 million in the third quarter — even as revenue growth continued to slow. To be more efficient, it'll cut around 350 jobs.
- The PFD veto of $666 million covered a little more than a fifth of the budget gap.
- The CEO of the Alaska Mental Health Trust Authority stepped down on Monday. Jeff Jessee served as CEO for 21 years. According to a press release from the organization, he is transitioning to a new role ahead of his planned retirement in three years.
- The Alaska State Commission for Human Rights is the state’s anti-discrimination agency. In 2011, a legislative audit found that the agency wasn’t doing its job. Five years later, the agency is still trying to move forward.