Juneau ranks among top cities whose unemployment rate recovered fast - Must Read Alaska
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Tuesday, September 28, 2021
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Juneau ranks among top cities whose unemployment rate recovered fast

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According to WalletHub, Juneau, Alaska ranks 29 among 180 cities surveyed to determine which of them recovered most quickly from the Covid-19 unemployment crisis of 2020.

The most quickly recovered city in the survey was Lincoln, Neb., followed by Omaha, Neb. They now have unemployment rates of 2.6 percent and 3.3 percent respectively.

Juneau unemployment rate is 5.9 percent at the time of the study, which compared June 2021 to June of 2019 and January of 2020.

Juneau bounced back 23.18% from June 2019 to June 2021 and improved 26.37% from January, 2020 to June, 2021.

Source: WalletHub

That 5.9 percent unemployment rate in Juneau is the exact national average for the study timeframe.

“The COVID-19 pandemic was disastrous for U.S. employment, but the job market is showing signs of healing now that the country has mostly reopened. The national unemployment rate is currently at 5.9%, which is 60% lower than the peak of 14.8% during the height of the pandemic,” WalletHub reported.

Anchorage made the 70th spot on the list, with unemployment at 6.20% in June.

To identify where workers have been most affected by the coronavirus pandemic economy, WalletHub compared 180 cities based on four metrics and used the Bureau of Labor Statistics unemployment figures. That data comes with a caveat, because BLS disclosed that it misclassified some workers on temporary layoffs as “absent from work because of other reasons” rather than “unemployed.” Therefore, the real unemployment rate in June might be around 3% higher than reported, WalletHub noted.

For this reason, WalletHub included two columns for the unemployment rate in the table linked here. One has the officially reported unemployment rate, and one with the “adjusted” rate after accounting for the misclassification.

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Suzanne Downing had careers in business and journalism before serving as the Director of Faith and Community-based Initiatives for Florida Gov. Jeb Bush and returning to Alaska to serve as speechwriter for Gov. Sean Parnell. Born on the Oregon coast, she moved to Alaska in 1969.

Latest comments

  • Don’t be fooled.

    Juneau is a heavy union and govt town. Except for tourism and hospitality most never missed a check.

    What this doesn’t cover are the people who lost businesses and those who just left when their jobs disappeared.

    There are lies, damned lies, and statics. The borough is damn good at making the last say what they want to say

    • Well put, and correct. Government town jobs aren’t real markers of an actual economy.

      • Matthew, there are only two economies, Mining and Agriculture, or to make it easier to understand you either mine it or grow / harvest it. Juneau has both with two world class mines, a robust fishing fleet and two fish plants operating year round. That sir, is a real marker of an economy. Juxtaposed to Anchorage little government town of Juneau looks like an economic power house, producing and exporting valuable commodities. I look forward to the day when more of Alaska does the same.

        • Thank you Robert. Unfortunately most these folks will simply refuse to believe the facts and prefer to believe that everyone in Juneau is a parasite. Unfortunately we did have folks leave who were in the tourism and service industries. But most businesses adapted and hung on for dear life. Let’s hope the next round of tyrannical shut downs doesn’t finish them off.

    • You said it!

      Yup!

  • Could it be that happened because many are getting government checks?

  • Hahaha they are all getting government checks! Taking paid holidays while the rest of us suffer through covid..

  • Well, kumbaya.

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