Alaska's July Unemployment Rate Tops Nation At 7%

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Alaska's unemployment rate has been the highest in the nation lately, and the picture didn't get brighter in July.
Department of Labor figures released today show the state's seasonally adjusted unemployment rate was 7 percent in July.

That's up two-tenths of a percentage point from June, and up half a point from the beginning of the year.

The comparable national rate for July was 4.3 percent.
July employment was down by an estimated 7,500 jobs from the same month in 2016, or 2.1 percent.

Preliminary estimates show job losses spread across most industries, although the deepest losses remain concentrated in industries closely tied to oil and gas.

Those sectors led job losses, followed by construction, professional and business services, and state government.

Local and federal government, and health care were the only industries to gain jobs during the year.

Local government includes public schools and tribal government.

According to state economists, July and August are peak months for seasonal employment in seafood processing, construction, leisure, and hospitality.