Employment Impact of
New Businesses in 1999
by:
David Bullard, Senior Economist
"New businesses in Lincoln County created 362 jobs which accounted for 7.1 percent of total employment. Johnson County ranked second with an employment impact of 4.7 percent."
T
he previous
article shows the distribution of new businesses, employment and wages across
Wyoming’s counties and regions. However, we know that not all counties are the
same size. Some counties have a large number of jobs while others only have a
small employment base. The impact of new jobs will be different depending on
the size of the county. The Table shows the number of
initial jobs1 and total covered employment
2 in each county. Initial jobs are divided
by total covered employment to arrive at the “employment impact of new business”
shown in the third column of the Table.
Jobs in newly formed businesses had the largest impact in Lincoln County. New
businesses in Lincoln County created 362 jobs which accounted for 7.1 percent
of total employment. Johnson County ranked second with an employment impact of
4.7 percent. In Campbell County, new businesses created 721 jobs, giving it an
employment impact of 4.2 percent.
Wyoming’s two metropolitan areas, Laramie County and Natrona County, had employment
impacts which were slightly below the statewide average of 3.3 percent. In Laramie
County, 994 jobs were created by new businesses, for an employment impact of
2.8 percent. Natrona County created 962 jobs for an impact of 3.1 percent.
Similar analysis could be conducted to determine the payroll impact of new business
formation across Wyoming counties.
1See Table 1 of
"An Update on New Business Formation in Wyoming" in this
issue of Wyoming Labor Force Trends.
2Wyoming Department of Employment,
Research & Planning, 1999 Annual Covered
Employment and Wages, November 22, 2000, (January 4, 2001).
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