Not to bad for Alaska considering that tourism is pretty much non-existent this year.
We were on a nice steady decline in the unemployment rate, until tourist season did not materialize.
Not to bad for Alaska considering that tourism is pretty much non-existent this year.
We were on a nice steady decline in the unemployment rate, until tourist season did not materialize.
Being just outside of the top 10 unemployed state is pretty bad.
Unless you were expecting worse?
I'm retired, so it only effects me in price increases and lack of choice. In the 90's Alaska unemployment was 10% or more. Prior to 2016 it was in the 7.4% range, and then with Trump in 2018 around 6.1%, Tourism is a big part of the Alaska Economy, So the higher seasonal number jump was not that surprising, with tourism being pretty much shut down this year. A good example would be if they closed all the ski resorts in Colorado for the entire winter, it would have a similar increase in the unemployment numbers for Colorado. Hopefully it is only this year, and next will be back to normal, but I kind of doubt that things will get back to normal.
And thus we see that historical context matters.