United States Congress Joint Economic Committee

Alaska

February 2025

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Alaska Unemployment (U-3) 3.8% 3.8% 4.7%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
Alaska Labor Force Participation Rate 65.2% 65.2% 65.5%
U.S. Labor Force Participation Rate 62.5% 62.5% 62.5%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 2/4/25 12:00 AM $3.11 $3.06 $3.15
Alaska Gas/gal. $3.32 $3.32 $3.49
West Region: Loaf of Bread $2.36 $2.25 $2.23
West Region: Milk/gal. $3.97 $3.97 $4.27
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2024 (3rd Estimate)
3.1%
AK Real GDP
Q3/2024
2.2%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
AK Hourly Rate
$10.34
Last Generated: 2/4/25 10:05 AM