Local Jobless Rate Saw a Decrease for March ’13

The local jobless rate dropped by nearly a full percentage point for March, but is still higher than the statewide rate.


The State Department of Labor and Workforce Development say the March unemployment rate for the Kenai Peninsula Borough stood at 8.3 percent.  That compares to 8.9 percent in February, and is lower than last March when the unemployment rate stood at 10 percent.


The number of people without jobs on the Kenai Peninsula Borough dropped by 152 jobs between February and March; and the local workforce grew by 226 jobs for the same period.


In March, state economists say that a total 26,717 were employed in the local area, compared to 26,491 in the previous month.


Statewide, the seasonally adjusted unemployment rate for March is 6.2 percent; lower than February’s rate of 6.5 percent also lower than the 7.0 unemployment percent rate from March 2012.


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