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Unemployment rate up slightly in August

Alaska’s seasonally adjusted unemployment rate for August was 6.5 percent, up two-tenths of a percentage point from July’s rate. The national rate for August was 7.3 percent.

Alaska’s non-seasonally adjusted rate was 5.7 percent, down two-tenths of a percentage point from July, and half a percentage point down from a year earlier.

Unemployment in the Southeast region was 4.7 percent, down three-tenths of a percentage point from July, and six-tenths of a percentage point down from a year earlier. Unemployment declined from last July in nine of ten boroughs in Southeast. Juneau’s unemployment decreased one-tenth of a percentage point from July, and four-tenths of a percentage point from the year before.

Bristol Bay had the lowest unemployment rate in August at 1.9 percent, followed by the Municipality of Skagway at 2.5 percent. The normal decline of Southwest summer fishing season also caused rates to increase in the Aleutians East and Lake and Peninsula Boroughs and the Dillingham Census Area.

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