Alaska unemployment rate falls again

Associated Press

JUNEAU, Alaska (AP) -- Alaska's unemployment rate continues to fall, hitting a preliminary 6 percent last month.

That would be the lowest the seasonally adjusted unemployment rate has been in Alaska since June 2007. Unemployment stood at 6.2 percent in March and 7 percent in April 2012.

Nationally, unemployment was 7.5 percent last month.

State labor department economist Caroline Schultz cautioned against reading too much in the month-to-month movement of the rate. But she says the rate indicates Alaska has fully recovered, in terms of its employment, from the recession of several years ago and its aftermath.

Schultz says she would be surprised, however, if unemployment continued to decline at the current rate.