Loss of construction, Crossings and Trident jobs adds up for Wrangell
June 29, 2022
Two key economic indicators are falling in Wrangell—the unemployment rate, and the number of people in the labor force.
Combined, the two datapoints help explain the ongoing worker shortage in the community, stressing out business owners who have to manage as best as they can with too few employees.
The unemployment rate for May was 5.1%, down from 5.5% in April, down from 7.2% a year ago, and the lowest in at least the past 12 years, according to state Labor Department statistics.
It’s probably the lowest rate going back 20 years or so, but Wrangell and Petersburg used to be lumped tog...