Covered Employment and Wages for First Quarter 2002
Based on Standard Industrial Classification (SIC)
by: David Bullard, Senior Economist
tables by: Nancy Brennan, Economist
Unemployment Insurance (UI)
covered employment1
increased by 3,969 jobs or 1.8 percent during the first Total payroll increased by
6.6 percent, slightly above the five-year average of 6.3 percent. Average weekly
wage increased by $25 or 4.8 percent, well above its five-year average of 3.9
percent. Table 2
shows that Mining, Construction, Services, and Local Government created the largest number of jobs
in first quarter. Mining added 1,237 jobs or 6.9 percent as a result of strong
gains in oil & gas extraction and coal mining. Employment was down slightly in
other areas of Mining (metal mining and nonmetallic mineral mining). Gas plant
construction helped push employment in the Construction industry up by 1,158
jobs or 7.7 percent. Services gained 922 jobs or 1.8 percent, including 200 jobs
in miscellaneous repair services, 300 jobs in health services, 300 jobs in
private social services, and 200 jobs in engineering & management services.
Local Government grew by 679 jobs or 1.8 percent. Job gains in local hospitals
(200 jobs) and educational services (100 jobs) helped increase Local Government
employment during first quarter. Manufacturing and Retail
Trade both lost jobs when compared with first quarter 2001. Manufacturing
employment decreased by 944 jobs or 8.4 percent because of job losses in food
processing; printing & publishing; chemicals; petroleum refining; primary
metals; and industrial & commercial machinery & computer equipment.
Manufacturing employment also fell because of the reclassification of firms into
other industries, such as Wholesale Trade. Retail Trade lost 349 jobs or 0.8
percent as a result of significant job losses in food stores, general
merchandise stores, gasoline service stations, and miscellaneous retailers.
However, employment grew in building materials & garden supply stores.
Employment and Wages by County Fremont County grew by 720
jobs or 5.3 percent during first quarter. A large part of this increase was
Construction employment related to a new gas plant. Natrona County gained 209
jobs or 0.7 percent. Job gains in Construction, Services, and Government were
partially offset by losses in Mining and Manufacturing. Employment fell in Teton
County by 668 jobs or 4.3 percent during first quarter 2002. Modest gains in
TCPU, FIRE, and Agriculture were not enough to offset job losses in Construction,
Retail Trade, and Services. Within Services, job losses appear concentrated in
tourist-related industries such as amusement & recreation services. These job
losses may be related to a decrease in travel because of the events of September
11, 2001. Laramie County employment
increased by 289 jobs or 0.8 percent during first quarter 2002. Manufacturing
and TCPU each fell by about 100 jobs while significant job gains were seen in
Construction, Services, and State Government. Average weekly wage
increased in all but four Wyoming counties. Campbell County had the largest
increase in average weekly wage with a gain of $62 or 9.5 percent. More detailed tables on
first quarter covered employment and wages are located on our
Internet site at: <http://LMI.state.wy.us/02Q1_202/toc.htm>
.
1
Approximately 85-90 percent of all workers in Wyoming are covered by
Unemployment Insurance (UI). Some exceptions include the self-employed and
many agricultural workers.
2
Each year during the refiling survey, approximately one-third of the
employers covered by Unemployment Insurance (UI) in Wyoming are contacted to
confirm that they have been assigned the correct Standard Industrial
Classification (SIC) code. If it is found that an employer has changed
primary business activity, a new SIC code is assigned to reflect that
change.
quarter of 2002 compared to first quarter 2001. First quarter’s employment
increase is significantly lower than the five-year average growth of 2.3 percent,
signaling a slowdown in job growth in Wyoming (see Table
1). Reviewing the months of January, February, and March separately provides
further evidence of an economic slowdown. In January 2002, employment was 1.9
percent higher than January 2001, a difference of 4,230 jobs. February 2002 employment
was 1.6 percent higher than February 2001. By March 2002, employment growth (measured on
an over-the-year basis) had fallen to 1.1 percent (a gain of 2,515 jobs).
Perhaps the largest single industry contributing to the slowdown between January
and March was oil & gas extraction. In January 2002, this industry boasted 1,300
more jobs than a year earlier, but by March, the over-the-year job gains had
fallen to less than 100.Statewide
Employment and Wages by Industry
Wholesale Trade grew
significantly during first quarter, adding 238 jobs or 3.1 percent, part of
which was due to a “non-economic code change.” A firm that was previously
classified in Manufacturing was reclassified into Wholesale Trade.2
Finance, Insurance, & Real Estate (FIRE) added 387 jobs
or 4.9 percent in first quarter including 100 jobs in depository institutions.
Average weekly wage
increased $25 or 4.8 percent. The largest growth in average weekly wage
occurred in State Government, with a gain of $61 per week or 10.0 percent. The
wage increase was
the result of market pay increases implemented by the legislature. Average
weekly wages in Mining and Construction increased by $38 (3.7%) and $27 (4.9%),
respectively.
As shown in
Table 3, employment increased in 18 of Wyoming’s 23
counties during first quarter. Campbell County was the fastest growing area of the
state, adding 1,755 jobs or 9.4 percent. About half of the job gains in Campbell
County were in Mining (including oil & gas extraction). Employment in
Construction; Transportation, Communications, & Public Utilities (TCPU); and
Services also grew rapidly.
Sweetwater County lost 383
jobs or 2.1 percent during first quarter. Job losses were seen in Mining
(including oil & gas), Construction, Manufacturing, and Retail Trade.
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