Unemployment rate in Alaska.Alaska Alaska (əlă`skə), largest in area of the United States but third smallest (exceeding only Vermont and Wyoming) in population, occupying the northwest extremity of the North American continent, separated from the coterminous United States trends, an outline of significant statewide, is provided by the University of Alaska center for economic development and sponsored by American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of fast freight The price or compensation paid for the transportation of goods by a carrier. Freight is also applied to the goods transported by such carriers.The liability of a carrier for freight damaged, lost, or destroyed during shipment is determined by contract, statute, or . Alaska's unemployment rate decreased gradually grad·u·al adj. Advancing or progressing by regular or continuous degrees: gradual erosion; a gradual slope. n. Roman Catholic Church 1. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. also experienced a significant decrease, but one of slightly greater magnitude magnitude, in astronomy, measure of the brightness of a star or other celestial object. The stars cataloged by Ptolemy (2d cent. A.D.), all visible with the unaided eye, were ranked on a brightness scale such that the brightest stars were of 1st magnitude and the . 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 July: see month. 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 Fairbanks, city (1990 pop. 30,843), Fairbanks North Star Borough, E central Alaska, on the Chena River near its confluence with the Tanana; inc. 1903. Fairbanks is the only sizable urban center in the vast Alaskan interior. 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 All Things Considered (ATC) is a news radio program in the United States, broadcast on the National Public Radio network. It was the first news program on the network, and is broadcast live worldwide through several outlets. , during the past year, the unemployment rate experienced momentous mo·men·tous adj. Of utmost importance; of outstanding significance or consequence: a momentous occasion; a momentous decision. 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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