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Unemployment rate in Alaska.

Alaska trends, an outline of significant statewide, is provided by the University of Alaska center for economic development and sponsored by American fast freight.

Alaska's unemployment rate decreased gradually over the last year from 5.8 percent in August 2005 to 5.5 percent in August of this year. The rest of the United States also experienced a significant decrease, but one of slightly greater magnitude. The unemployment rate for the United States in August 2005 was 5.2 percent, which decreased to 4.6 percent in August 2006.

Examining Alaska's unemployment rate over a month's time indicates a noteworthy decrease as well, from 6.3 percent in July to 5.5 percent in August of this year. The unemployment rate for the United States also decreased significantly over a month's time: the rate for July of this year was at 5 percent, while the rate for August was 4.6 percent.

Alaska's two largest regions are perhaps responsible for this decrease. Anchorage's unemployment rate, while holding steady on a yearly basis, decreased from 5.7 percent in July to 5 percent in August of this year. Fairbanks also experienced a notable decrease in the unemployment rate from July at 5.6 percent to August at 4.8 percent. Fairbanks' unemployment rate decreased from 5.1 percent in August 2005 to 4.8 percent in August 2006. All things considered, during the past year, the unemployment rate experienced momentous changes on both national and state levels.
ALASKA TRENDS FOR DECEMBER 2006

SPONSORED BY AMERICAN FAST FREIGHT

Indicator Units Period

GENERAL
Personal Income--Alaska Millions of $ 2ndQ06
Personal Income--United States Millions of $ 2ndQ06
Consumer Prices--Anchorage 1982-1984 = 100 1stH06
Consumer Prices--United States 1982-1984 = 100 1stH06
Bankruptcies
 Alaska Total Number Filed August
 Alaska Business Only Number Filed August
 Anchorage Total Number Filed August
 Anchorage Business Only Number Filed August
 Fairbanks Total Number Filed August
 Fairbanks Business Only Number Filed August
EMPLOYMENT
Alaska Thousands August
Anchorage Thousands August
Fairbanks Thousands August
Southeast Thousands August
Gulf Coast Thousands August
Sectoral Distribution--Alaska
Total Nonfarm Wage & Salary Thousands July
 Goods-Producing Thousands July
 Service-Providing Thousands July
 Natural Resources & Mining Thousands July
 Logging Thousands July
 Mining Thousands July
 Oil & Gas Extraction Thousands July
Construction Thousands July
Manufacturing Thousands July
 Wood Products Manufacturing Thousands July
 Seafood Processing Thousands July
Trade/Transportation/Utilities Thousands July
Wholesale Trade Thousands July
Retail Trade Thousands July
 Food & Beverage Stores Thousands July
 General Merchandise Stores Thousands July
Trans/Warehouse/Utilities Thousands July
 Air Transportation Thousands July
 Truck Transportation Thousands July
Information Thousands July
 Telecommunications Thousands July
Financial Activities Thousands July
Professional & Business Svcs Thousands July
Educational & Health Services Thousands July
 Health Care Thousands July
Leisure & Hospitality Thousands July
 Accommodation Thousands July
 Food Svcs & Drinking Places Thousands July
Other Services Thousands July
Government Thousands July
 Federal Government Thousands July
 State Government Thousands July
 State Education Thousands July
 Local Government Thousands July
 Local Education Thousands July
 Tribal Government Thousands July
Labor Force
 Alaska Thousands August
 Anchorage Thousands August
 Fairbanks Thousands August
 Southeast Thousands August
 Gulf Coast Thousands August
Unemployment Rate
 Alaska Percent August
 Anchorage Percent August
 Fairbanks Percent August
 Southeast Percent August
 Gulf Coast Percent August
 United States Percent August
PETROLEUM/MINING
Crude Oil Production--Alaska Millions of June
 Barrels
Natural Gas Field Production--Alaska Billions of June
 Cubic Ft.
North Slope Spot Price (Gulf) $ per Barrel 10/30/2006
Hughes Rig Count
 Alaska Active Rigs August
 United States Active Rigs August
Gold Prices $ Per Troy Oz. 10/30/2006
Silver Prices $ Per Troy Oz. 10/30/2006
Zinc Prices Per Pound 10/30/2006
REAL ESTATE
Anchorage Building Permit Valuations
 Total Millions of $ August
 Residential Millions of $ August
 Commercial Millions of $ August
Deeds of Trust Recorded
 Anchorage--Recording District Total Deeds June
 Fairbanks--Recording District Total Deeds June
VISITOR INDUSTRY
Total Air Passenger Traffic--Anchorage Thousands December
Total Air Passenger Traffic--Fairbanks Thousands December
ALASKA PERMANENT FUND
Equity Millions of $ August
Assets Millions of $ August
Net Income Millions of $ August
Net Income--Year to Date Millions of $ August
Marketable Debt Securities Millions of $ August
Real Estate Investments Millions of $ August
Preferred and Common Stock Millions of $ August
TRANSPORTATION
Rail Freight--Alaska Railroad Thousands of Tons January
BANKING (excludes interstate branches)
Total Bank Assets--Alaska Millions of $ 1stQ06
 Cash & Balances Due Millions of $ 1stQ06
 Securities Millions of $ 1stQ06
 Net Loans and Leases Millions of $ 1stQ06
 Other Real Estate Owned Millions of $ 1stQ06
Total Liabilities Millions of $ 1stQ06
 Total Bank Deposits--Alaska Millions of $ 1stQ06
 Noninterest-bearing deposits Millions of $ 1stQ06
 Interest-bearing deposits Millions of $ 1stQ06
FOREIGN TRADE
Value of the Dollar
 In Japanese Yen Yen 10/29/2006
 In Canadian Dollars Canadian $ 10/29/2006
 In British Pounds Pounds 10/29/2006
 In European Monetary Unit Euro 10/29/2006
 In Chinese Yuan Yuan 10/29/2006

 Previous
 Latest Report
 Report Period
Indicator Period (revised)

GENERAL
Personal Income--Alaska 24,743.00 24,743.00
Personal Income--United States 10,882,821.00 10,882,821.00
Consumer Prices--Anchorage 176.70 176.70
Consumer Prices--United States 200.60 200.60
Bankruptcies
 Alaska Total 56.00 49.00
 Alaska Business Only 3.00 2.00
 Anchorage Total 38.00 41.00
 Anchorage Business Only 1.00 2.00
 Fairbanks Total 13.00 9.00
 Fairbanks Business Only 1.00 0.00
EMPLOYMENT
Alaska 332.52 334.94
Anchorage 174.30 175.61
Fairbanks 44.58 43.76
Southeast 42.56 42.41
Gulf Coast 36.66 37.32
Sectoral Distribution--Alaska
Total Nonfarm Wage & Salary 337.00 330.30
 Goods-Producing 55.90 47.80
 Service-Providing 281.10 282.50
 Natural Resources & Mining 12.20 12.00
 Logging 0.50 0.40
 Mining 11.70 11.60
 Oil & Gas Extraction 9.80 9.80
Construction 22.50 21.40
Manufacturing 21.20 14.40
 Wood Products Manufacturing 0.40 0.40
 Seafood Processing 16.90 10.20
Trade/Transportation/Utilities 69.30 68.20
Wholesale Trade 6.90 6.70
Retail Trade 38.30 38.10
 Food & Beverage Stores 6.90 6.70
 General Merchandise Stores 9.50 9.20
Trans/Warehouse/Utilities 24.10 23.40
 Air Transportation 6.80 6.70
 Truck Transportation 3.40 3.40
Information 7.00 7.00
 Telecommunications 4.20 4.20
Financial Activities 15.40 15.20
Professional & Business Svcs 26.10 25.90
Educational & Health Services 36.50 36.60
 Health Care 26.40 26.60
Leisure & Hospitality 38.70 37.00
 Accommodation 11.40 10.60
 Food Svcs & Drinking Places 22.00 21.30
Other Services 11.80 11.70
Government 76.30 80.90
 Federal Government 17.40 17.40
 State Government 23.60 23.70
 State Education 5.60 5.70
 Local Government 35.30 39.80
 Local Education 16.60 21.40
 Tribal Government 4.30 4.10
Labor Force
 Alaska 351.87 357.52
 Anchorage 183.54 186.32
 Fairbanks 46.83 46.36
 Southeast 44.67 44.86
 Gulf Coast 38.90 39.94
Unemployment Rate
 Alaska 5.50 6.30
 Anchorage 5.00 5.70
 Fairbanks 4.80 5.60
 Southeast 4.70 5.50
 Gulf Coast 5.70 6.50
 United States 4.60 5.00
PETROLEUM/MINING
Crude Oil Production--Alaska 23.43 24.84
Natural Gas Field Production--Alaska 15.55 16.34
North Slope Spot Price (Gulf) 53.36 61.10
Hughes Rig Count
 Alaska 7.00 9.00
 United States 1,744.00 1,714.00
Gold Prices 625.90 598.00
Silver Prices 12.21 11.63
Zinc Prices 1.90 1.52
REAL ESTATE
Anchorage Building Permit Valuations
 Total 64.39 76.01
 Residential 24.03 18.17
 Commercial 40.36 57.84
Deeds of Trust Recorded
 Anchorage--Recording District 1,533.00 1,397.00
 Fairbanks--Recording District 406.00 399.00
VISITOR INDUSTRY
Total Air Passenger Traffic--Anchorage 363.84 326.00
Total Air Passenger Traffic--Fairbanks 70.37 66.81
ALASKA PERMANENT FUND
Equity 33,829.50 33,133.50
Assets 35,601.80 34,855.80
Net Income 171.40 274.40
Net Income--Year to Date 644.00 (167.50)
Marketable Debt Securities 97.30 86.50
Real Estate Investments 32.40 78.80
Preferred and Common Stock 414.20 (64.60)
TRANSPORTATION
Rail Freight--Alaska Railroad 254.71 263.87
BANKING (excludes interstate branches)
Total Bank Assets--Alaska 1,632.23 1,632.23
 Cash & Balances Due 49.40 49.40
 Securities 79.31 79.31
 Net Loans and Leases 1,102.67 1,102.67
 Other Real Estate Owned 0.24 0.24
Total Liabilities 1,465.25 1,465.25
 Total Bank Deposits--Alaska 1,434.83 1,434.83
 Noninterest-bearing deposits 315.74 315.74
 Interest-bearing deposits 1,119.10 1,119.10
FOREIGN TRADE
Value of the Dollar
 In Japanese Yen 116.82 117.66
 In Canadian Dollars 1.12 1.12
 In British Pounds 0.52 0.53
 In European Monetary Unit 0.78 0.78
 In Chinese Yuan 7.88 7.90

 Year
 Year Over
 Ago Year
Indicator Period Change

GENERAL
Personal Income--Alaska 23,617 4.77%
Personal Income--United States 10,225,957 6.42%
Consumer Prices--Anchorage 169.6 4.19%
Consumer Prices--United States 193.2 3.83%
Bankruptcies
 Alaska Total 194 -71.13%
 Alaska Business Only 1 200.00%
 Anchorage Total 139 -72.66%
 Anchorage Business Only 0 n/a
 Fairbanks Total 29 -55.17%
 Fairbanks Business Only 1 n/a
EMPLOYMENT
Alaska 330.683 0.56%
Anchorage 141.47 23.20%
Fairbanks 43.025 3.62%
Southeast 41.45 2.69%
Gulf Coast 37.82 -3.06%
Sectoral Distribution--Alaska
Total Nonfarm Wage & Salary 331.3 1.72%
 Goods-Producing 54.5 2.57%
 Service-Providing 276.8 1.55%
 Natural Resources & Mining 10.8 12.96%
 Logging 0.5 0.00%
 Mining 1.02 1047.06%
 Oil & Gas Extraction 8.5 15.29%
Construction 22 2.27%
Manufacturing 21.7 -2.30%
 Wood Products Manufacturing 0.4 0.00%
 Seafood Processing 17.7 -4.52%
Trade/Transportation/Utilities 68.2 1.61%
Wholesale Trade 6.8 1.47%
Retail Trade 38 0.79%
 Food & Beverage Stores 6.4 7.81%
 General Merchandise Stores 9.8 -3.06%
Trans/Warehouse/Utilities 23.4 2.99%
 Air Transportation 6.8 0.00%
 Truck Transportation 3.3 3.03%
Information 7 0.00%
 Telecommunications 4.3 -2.33%
Financial Activities 15.3 0.65%
Professional & Business Svcs 24.9 4.82%
Educational & Health Services 36.1 1.11%
 Health Care 26.4 0.00%
Leisure & Hospitality 37.6 2.93%
 Accommodation 11.5 -0.87%
 Food Svcs & Drinking Places 21.5 2.33%
Other Services 11.4 3.51%
Government 76.3 0.00%
 Federal Government 17.8 -2.25%
 State Government 23.4 0.85%
 State Education 5.7 -1.75%
 Local Government 35.1 0.57%
 Local Education 16.1 3.11%
 Tribal Government 4.5 -4.44%
Labor Force
 Alaska 351.163 0.20%
 Anchorage 148.906 23.26%
 Fairbanks 45.323 3.32%
 Southeast 43.752 2.09%
 Gulf Coast 40.333 -3.56%
Unemployment Rate
 Alaska 5.8 -5.17%
 Anchorage 5 0.00%
 Fairbanks 5.1 -5.88%
 Southeast 5.3 -11.32%
 Gulf Coast 6.2 -8.06%
 United States 5.2 -11.54%
PETROLEUM/MINING
Crude Oil Production--Alaska 24.135 -2.93%
Natural Gas Field Production--Alaska 16.791 -7.38%
North Slope Spot Price (Gulf) 59.28 -9.99%
Hughes Rig Count
 Alaska 10 -30.00%
 United States 1444 20.78%
Gold Prices 464.8 n/a
Silver Prices 7.66 n/a
Zinc Prices 0.6747 n/a
REAL ESTATE
Anchorage Building Permit Valuations
 Total 53.852 19.57%
 Residential 30.086 -20.13%
 Commercial 23.766 69.83%
Deeds of Trust Recorded
 Anchorage--Recording District 1494 2.61%
 Fairbanks--Recording District 353 15.01%
VISITOR INDUSTRY
Total Air Passenger Traffic--Anchorage 290.568 25.22%
Total Air Passenger Traffic--Fairbanks 76.987 -8.59%
ALASKA PERMANENT FUND
Equity 30,922.70 9.40%
Assets 32,030.30 11.15%
Net Income 158.00 8.48%
Net Income--Year to Date 112.30 473.46%
Marketable Debt Securities 8,872.10 -98.90%
Real Estate Investments 2,935.10 -98.90%
Preferred and Common Stock 18,006.70 -97.70%
TRANSPORTATION
Rail Freight--Alaska Railroad 493.443 -48.38%
BANKING (excludes interstate branches)
Total Bank Assets--Alaska 3,885.57 -57.99%
 Cash & Balances Due 109.17 -54.75%
 Securities 69.12 14.75%
 Net Loans and Leases 2,275.17 -51.53%
 Other Real Estate Owned 5.06 -95.29%
Total Liabilities 3,275.11 -55.26%
 Total Bank Deposits--Alaska 2,922.74 -50.91%
 Noninterest-bearing deposits 905.86 -65.15%
 Interest-bearing deposits 2,016.88 -44.51%
FOREIGN TRADE
Value of the Dollar
 In Japanese Yen 116.36 0.40%
 In Canadian Dollars 1.18 -4.82%
 In British Pounds 0.57 -7.32%
 In European Monetary Unit 0.83 -5.56%
 In Chinese Yuan 8.08 -2.55%

Data compiled by University of Alaska Center for Economic Development.

State Unemployment Rates

 Anchorage Fairbanks

August 2005 5.0 5.1
July 2006 5.7 5.6
August 2006 5.0 4.8

National Unemployment Rates

 Alaska United States

August 2005 5.8 5.2
July 2006 6.3 5.0
August 2006 5.5 4.6

Note: Table made from bar graph.

Source: State of Alaska-Department of Labor and Workforce Development
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Title Annotation:Alaska Trends for December 2006
Author:Spohn, Kari
Publication:Alaska Business Monthly
Date:Dec 1, 2006
Words:2193
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