Retail takes biggest cut in November jobs lost

Employment in November dropped by 1,300 positions or 0.4 percent over November 2017, with retail taking the biggest loss at 700 jobs, according to the Alaska Department of Labor and Workforce Development.

Professional and business services and manufacturing each lost 500 jobs over the year and financial activities lost 300 jobs, while overall private sector jobs were down 0.4 percent and government jobs by the same percentage.

The state’s seasonally adjusted November unemployment rate was 6.3 percent, down one-tenth of a percentage point from October. The comparable national rate was 3.7 percent.

Non-seasonally adjusted rates were up in most areas of Alaska, following the normal fall pattern, but not for the Valdez-Cordova census area, where the November unemployment rate was 9.2 percent, compared with 9.5 percent a year earlier.

For the Gulf Coast region overall, unemployment rates in November stood at 7.4 percent, up from 6.5 percent in October, but down from 8.2 percent a year ago November.