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"Labor Market Information (LMI) is an applied science; it is the systematic collection and analysis of data which describes and predicts the relationship between labor demand and supply." The States' Labor Market Information Review, ICESA, 1995, p. 7.

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Wyoming QCEW Summary Statistics by Industry, 2001-2023

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Professional & Business Services (NAICSa 54-56), 2023Q3

Average Monthly Employment: 22,612

Total Wages: $400,248,761

Average Weekly Wage: $1,362


North American Industry Classification System.
Published February 2024.
Table: Over-the-Year Change in Professional & Business Services Supersector (NAICSa Sectors 54-56) Average Monthly Employment (AME), Total Wages, and Average Weekly Wage (AWW) Changes by Year/Quarter in Wyoming
Published February 2024.
Average Monthly Employment Total Wages Average Weekly Wage
Year/Quarter N % Change $ % Change $ % Change
2001Q1 15,061 $96,145,263 $491
2001Q2 15,979 $102,924,686 $495
2001Q3 16,208 $106,211,072 $504
2001Q4 15,308 $128,221,845 $644
2002Q1 14,746 -2.1 $98,687,431 2.6 $515 4.8
2002Q2 15,807 -1.1 $104,166,359 1.2 $507 2.3
2002Q3 16,255 0.3 $110,047,587 3.6 $521 3.3
2002Q4 15,536 1.5 $139,262,854 8.6 $690 7.0
2003Q1 14,387 -2.4 $98,701,758 0.0 $528 2.5
2003Q2 15,910 0.7 $108,757,238 4.4 $526 3.7
2003Q3 16,673 2.6 $118,115,052 7.3 $545 4.6
2003Q4 15,581 0.3 $141,745,763 1.8 $700 1.5
2004Q1 14,326 -0.4 $116,009,066 17.5 $623 18.0
2004Q2 15,665 -1.5 $119,582,373 10.0 $587 11.7
2004Q3 16,184 -2.9 $125,489,579 6.2 $596 9.5
2004Q4 15,134 -2.9 $146,565,651 3.4 $745 6.4
2005Q1 14,711 2.7 $121,250,714 4.5 $634 1.8
2005Q2 15,983 2.0 $129,370,806 8.2 $623 6.0
2005Q3 16,721 3.3 $148,790,665 18.6 $685 14.8
2005Q4 15,971 5.5 $159,397,354 8.8 $768 3.1
2006Q1 15,625 6.2 $134,400,493 10.8 $662 4.4
2006Q2 17,284 8.1 $156,580,720 21.0 $697 11.9
2006Q3 17,970 7.5 $169,008,939 13.6 $723 5.7
2006Q4 17,262 8.1 $187,557,747 17.7 $836 8.9
2007Q1 17,135 9.7 $158,308,345 17.8 $711 7.4
2007Q2 18,783 8.7 $183,682,063 17.3 $752 7.9
2007Q3 19,385 7.9 $185,087,893 9.5 $734 1.5
2007Q4 18,233 5.6 $219,702,204 17.1 $927 10.9
2008Q1 17,525 2.3 $180,893,193 14.3 $794 11.7
2008Q2 18,957 0.9 $197,476,387 7.5 $801 6.5
2008Q3 19,664 1.4 $200,574,139 8.4 $785 6.8
2008Q4 18,447 1.2 $225,441,100 2.6 $940 1.4
2009Q1 17,130 -2.3 $183,671,863 1.5 $825 3.9
2009Q2 17,527 -7.5 $179,723,077 -9.0 $789 -1.6
2009Q3 17,781 -9.6 $182,363,694 -9.1 $789 0.5
2009Q4 16,730 -9.3 $205,152,488 -9.0 $943 0.3
2010Q1 15,973 -6.8 $174,675,809 -4.9 $841 2.0
2010Q2 17,308 -1.2 $182,882,294 1.8 $813 3.0
2010Q3 18,338 3.1 $192,115,719 5.3 $806 2.1
2010Q4 17,148 2.5 $218,983,042 6.7 $982 4.1
2011Q1 16,459 3.0 $191,575,141 9.7 $895 6.4
2011Q2 17,795 2.8 $195,396,213 6.8 $845 3.9
2011Q3 18,847 2.8 $205,013,702 6.7 $837 3.8
2011Q4 17,937 4.6 $235,209,971 7.4 $1,009 2.7
2012Q1 17,211 4.6 $199,746,523 4.3 $893 -0.3
2012Q2 18,250 2.6 $210,110,268 7.5 $886 4.8
2012Q3 18,730 -0.6 $211,478,378 3.2 $869 3.8
2012Q4 17,763 -1.0 $253,337,887 7.7 $1,097 8.8
2013Q1 17,075 -0.8 $216,129,068 8.2 $974 9.1
2013Q2 18,335 0.5 $208,639,768 -0.7 $875 -1.2
2013Q3 18,905 0.9 $216,748,098 2.5 $882 1.5
2013Q4 18,240 2.7 $249,999,304 -1.3 $1,054 -3.9
2014Q1 17,337 1.5 $207,759,522 -3.9 $922 -5.3
2014Q2 18,690 1.9 $224,378,452 7.5 $923 5.5
2014Q3 19,270 1.9 $239,050,203 10.3 $954 8.2
2014Q4 18,459 1.2 $257,490,045 3.0 $1,073 1.8
2015Q1 17,607 1.6 $216,068,892 4.0 $944 2.4
2015Q2 18,716 0.1 $227,377,299 1.3 $935 1.2
2015Q3 19,332 0.3 $228,342,068 -4.5 $909 -4.8
2015Q4 18,325 -0.7 $259,580,696 0.8 $1,090 1.6
2016Q1 16,958 -3.7 $203,347,034 -5.9 $922 -2.3
2016Q2 17,992 -3.9 $206,177,521 -9.3 $881 -5.7
2016Q3 18,591 -3.8 $217,282,324 -4.8 $899 -1.1
2016Q4 17,635 -3.8 $237,233,540 -8.6 $1,035 -5.0
2017Q1 17,078 0.7 $208,009,533 2.3 $937 1.6
2017Q2 18,058 0.4 $217,452,678 5.5 $926 5.1
2017Q3 18,967 2.0 $227,419,299 4.7 $922 2.6
2017Q4 18,018 2.2 $252,548,018 6.5 $1,078 4.2
2018Q1 17,417 2.0 $222,108,498 6.8 $981 4.7
2018Q2 18,754 3.9 $235,460,966 8.3 $956 3.2
2018Q3 19,663 3.7 $249,092,119 9.5 $974 5.6
2018Q4 19,117 6.1 $282,129,821 11.7 $1,135 5.3
2019Q1 18,169 4.3 $240,107,729 8.1 $1,017 3.6
2019Q2 19,403 3.5 $255,391,798 8.5 $1,012 5.9
2019Q3 20,072 2.1 $273,896,767 10.0 $1,050 7.8
2019Q4 19,141 0.1 $310,460,346 10.0 $1,248 9.9
2020Q1 18,025 -0.8 $251,917,188 4.9 $1,075 5.8
2020Q2 18,153 -6.4 $238,202,117 -6.7 $1,009 -0.3
2020Q3 18,707 -6.8 $261,145,677 -4.7 $1,074 2.3
2020Q4 18,640 -2.6 $355,754,114 14.6 $1,468 17.7
2021Q1 18,443 2.3 $280,468,100 11.3 $1,170 8.8
2021Q2 19,758 8.8 $310,672,521 30.4 $1,210 19.9
2021Q3 20,452 9.3 $315,216,633 20.7 $1,186 10.4
2021Q4 20,009 7.3 $490,487,135 37.9 $1,886 28.5
2022Q1 19,498 5.7 $377,834,171 34.7 $1,491 27.5
2022Q2 20,764 5.1 $371,826,776 19.7 $1,378 13.9
2022Q3 21,655 5.9 $366,468,630 16.3 $1,302 9.8
2022Q4 20,889 4.4 $409,695,162 -16.5 $1,509 -20.0
2023Q1 20,498 5.1 $446,582,500 18.2 $1,676 12.4
2023Q2 22,113 6.5 $425,957,264 14.6 $1,482 7.5
2023Q3b 22,612 4.4 $400,248,761 9.2 $1,362 4.6
aNorth American Industry Classification System. 
bPreliminary.
Source: Quarterly Census of Employment and Wages. 
Prepared by M. Moore, Research & Planning, WY DWS, 1/10/24.

 

Figure: Average Monthly Employment in Professional & Business Services (NAICS 54-56) in Wyoming, 2001Q1-2023Q3

Figure: Over-the-Year Percent Change in Average Monthly Employment and Total Wages in Professional & Business Services (NAICS 54-56) in Wyoming, 2002Q1-2023Q3

Shaded areas indicate periods of economic downturn: 2009Q1-2010Q1, 2015Q2-2016Q4, and 2020Q2-2021Q1.
Source: Quarterly Census of Employment and Wages.
Prepared by M. Moore, Research & Planning, WY DWS, 1/10/24.