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Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

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Friday, December 20, 2024

November jobs up 2.4 percent from November 2023

Dec. 20, 2024
No. 24-28

JUNEAU, Alaska — November’s statewide job count was up by 7,700, or 2.4 percent, from November 2023. 

Construction added 2,100 jobs over the year, mostly through North Slope oil and gas projects and some off-season federally funded infrastructure projects. Those projects also supported growth in professional and business services (700) and transportation, warehousing and utilities (1,000). Oil and gas employment was also up by 700. 

Health care continued its strong growth, adding 1,500 jobs from last November. Most industries added jobs, but seafood processing disruptions drove losses in manufacturing (-500) while information (-100) and retail (-100) continued their long-term declines. Financial services employment was flat.

State government added 800 jobs, followed by local government (300) and federal government (100). 

Alaska’s seasonally adjusted unemployment rate remained at 4.6 percent in November and the U.S. rate ticked up slightly to 4.2 percent.

Posted by at 07:30 AM in Alaska's Economy, Jobs |

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