Fairbanks city: Unemployment Rate Trend
How Fairbanks city's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
9.4%
2023
5.8%
Total change
-3.6 pp
% change
-38.3%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 9.4% | — |
| 2019 | 7.7% | -1.7 pp (-18.1%) |
| 2020 | 8.3% | +0.6 pp (7.8%) |
| 2021 | 8.1% | -0.2 pp (-2.4%) |
| 2022 | 7.0% | -1.1 pp (-13.6%) |
| 2023 | 5.8% | -1.2 pp (-17.1%) |