Anchorage Area Economic Summary
Updated June 28, 2017
This summary presents a sampling of economic information for the area; supplemental data are provided for regions
and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are
not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area
summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.
Average weekly wages for all industries by county
Unemployment rates for the Anchorage area,
selected area counties, and the nation
Anchorage area, 4th quarter 2016
(U.S. = $1,067; Area = $1,045)
Unemployment rates
4.5
United States
4.1
5.9
Anchorage area
6.3
5.3
Anchorage Borough
5.8
7.8
Matanuska-Susitna Borough
0.0
8.2
2.0
4.0 6.0 8.0 10.0
May-16
May-17
Source: U.S. BLS, Local Area Unemployment Statistics.
Source: U.S. BLS, Quarterly Census of Employment and Wages.
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
12-month percent changes in employment
Anchorage area employment
(numbers in thousands)
Percent
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
May-14
Anchorage area
May-15
United States
May-16
Source: U.S. BLS, Current Employment Statistics.
May-17
Total nonfarm
Mining and logging
Construction
Manufacturing
Trade, transportation, and utilities
Information
Financial activities
Professional and business services
Education and health services
Leisure and hospitality
Other services
Government
Source: U.S. BLS, Current Employment Statistics.
•
May
2017
179.6
2.7
9.6
1.9
38.1
4.5
8.1
19.9
31.6
20.0
7.4
35.8
Change from May
2016 to May 2017
Number
Percent
-2.0
-0.6
-0.6
-0.4
-1.2
-0.1
-0.1
-0.8
1.2
-0.3
0.8
0.1
-1.1
-18.2
-5.9
-17.4
-3.1
-2.2
-1.2
-3.9
3.9
-1.5
12.1
0.3
Over-the-year changes in the selling prices received by
producers for selected industries nationwide
Over-the-year change in the prices paid by urban
consumers for selected categories
12-month percent change in CPI-U, second half 2016
2.0
Percent
100.0
1.5
12-month percent changes in PPI
General freight trucking
Hospitals
Oil and gas extraction
80.0
0.9
60.0
0.0
40.0
-0.2
-1.2
-2.0
20.0
-20.0
Anchorage area
U.S. city average
-4.0
All Items
0.0
-1.5
-40.0
-3.1
Food
-60.0
Energy
-80.0
May-14
Source: U.S. BLS, Consumer Price Index.
Average annual spending and percent distribution for
selected categories
West Region average annual expenditures 2015
May-15
Healthcare
$4,221
6.9%
Personal
insurance &
pensions
$7,098
11.6%
Food
$7,776
12.7%
Transportation
$9,640
15.7%
Total:
$61,244
Employer costs per hour worked for wages and
selected employee benefits by geographic division
Total compensation
Wages and salaries
Total benefits
Paid leave
Vacation
Supplemental pay
Insurance
Retirement and savings
Legally required benefits
United
States
$27.78
$23.86
Petroleum engineers
76.77
70.69
Human resources managers
55.04
57.79
Registered nurses
41.75
34.70
Accountants and auditors
38.87
36.89
Surveyors
37.37
30.52
Zoologists and wildlife biologists
35.97
31.20
Civil engineering technicians
34.43
25.06
Geological and petroleum technicians
33.67
29.92
Construction laborers
23.95
18.22
Cargo and freight agents
17.48
21.27
Retail salespersons
13.87
13.07
Cooks, fast food
11.93
9.89
Source: U.S. BLS, Occupational Employment Statistics, May 2016.
Source: U.S. BLS, Consumer Expenditure Survey.
Private industry, March 2017
Anchorage
area
Total, all occupations
Housing
$20,716
33.8%
May-17
Average hourly wages for selected occupations
Occupation
All other
$11,793
19.3%
May-16
Source: U.S. BLS, Producer Price Index.
Pacific (1)
$36.78
25.75
11.02
2.51
1.26
0.93
2.84
1.62
3.13
(1) Pacific includes AK, CA, HI, OR, and WA.
Source: U.S. BLS, Employer Costs for Employee Compensation.
United
States
$33.11
23.06
10.06
2.30
1.18
1.17
2.65
1.34
2.60
Over-the-year changes in wages and salaries
Percent
3.5
12-month percent changes in ECI
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Mar-14
Pacific
Mar-15
Source: U.S. BLS, Employment Cost Index.
Western Information Office • [email protected] • https://www.bls.gov/regions/west • 415-625-2270
United States
Mar-16
Mar-17