Alaska's Unemployment Rate Falls To 7.1 Percent

JUNEAU, Alaska (AP) â¿¿ Alaska's unemployment rate fell to a preliminary 7.1 percent in October, its lowest level in five months.

The seasonally adjusted rate compared to 7.5 percent both in September and in October 2011. It was the lowest since May, when unemployment stood at 7 percent.

Alaska's unemployment rate also remained lower than the national rate, which was 7.9 percent last month.

The state labor department says there has been no clear trend, in either direction, in Alaska's unemployment rate this year. The rate has been as high as 7.7 percent, in August, and as low as 6.9 percent in April.

The seasonally adjusted rate is meant to help account for fluctuations in seasonal employment.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

3 New Investing Myths That Must Be Busted

3 New Investing Myths That Must Be Busted

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry