© Copyright 2017 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Rate Falls to 3.9% in June 2017

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 4.1% in May to 3.9% in June (a statistically significant decrease). Seasonally adjusted employment of Wyoming residents decreased from May to June, falling by an estimated 2,088 individuals (-0.7%; a statistically significant decrease). From June 2016 to June 2017, Wyoming’s labor force dropped by an estimated 5,210 people (-1.7%), suggesting that individuals have moved to other states and/or given up their job search.

From May to June, unemployment rates fell in 13 counties, rose slightly in nine counties, and remained steady in Campbell County. The largest decreases were seen in Teton (down from 3.9% to 2.2%), Sublette (down from 4.5% to 4.0%), Crook (down from 3.5% to 3.1%), Lincoln (down from 3.7% to 3.3%), and Park (down from 3.9% to 3.5%) counties. Unemployment rates rose slightly in Niobrara (up from 2.7% to 3.3%), Albany (up from 2.8% to 3.3%), and Goshen (up from 2.8% to 3.1%) counties. It is not unusual for unemployment rates to increase in June as young people get out of school and start looking for work.

From June 2016 to June 2017, unemployment rates fell in every county and labor force decreased in 19 counties. The largest unemployment rate decreases occurred in Campbell (down from 8.2% to 5.1%), Converse (down from 7.1% to 4.2%), Natrona (down from 7.7% to 5.3%), and Sweetwater (down from 6.7% to 4.5%) counties.

Fremont County (5.4%) posted the highest unemployment rate in June. It was followed by Natrona (5.3%), Campbell (5.1%), and Sweetwater (4.5%) counties. The lowest unemployment rates were found in Teton (2.2%), Crook (3.1%), and Goshen (3.1%) counties.

The estimate of total nonfarm jobs (not seasonally adjusted and measured by place of work) fell from 289,100 in June 2016 to 286,700 in June 2017, a decrease of 2,400 jobs (or –0.8%; not a statistically significant change).

Research & Planning has scheduled the July employment news release for August 22, 2017.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                           Change
                                                                                Month                    Year
                                    June-17       May-17      June-16   absolute     percent    absolute     percent
Total Civilian Labor Force          297,491      300,151      302,701      -2,660       -0.9%      -5,210       -1.7%
Employed                            285,820      287,908      285,904      -2,088       -0.7%         -84        0.0%
Unemployed                           11,671       12,243       16,797        -572       -4.7%      -5,126      -30.5%
Unemployment Rate                       3.9          4.1          5.5

Definitions:
Employed All persons who, during the reference week, did any work at all as paid employees, worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in a family business.
Unemployed All persons who had no employment during the reference week, were available for work, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week.
Labor Force All persons who meet the criteria given above as either employed or unemployed.
Unemployment Rate The number of unemployed as a percent of the labor force.
Seasonal Adjustment A statistical procedure to remove the impact of normal regularly recurring events (such as weather, major holidays, and the opening and closing of schools) from economic time series to better understand changes in economic conditions from month to month.


Current Employment Statistics (CES) Estimates and Research & Planning's Short-Term Projections, June 2017


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        286,438                    286,700                262        0.1%
Natural Resources & Mining            18,153                     20,200              2,047       10.1%
Construction                          21,727                     21,800                 73        0.3%
Manufacturing                          9,093                      9,300                207        2.2%
Wholesale Trade                        8,194                      7,900               -294       -3.7%
Retail Trade                          30,709                     31,100                391        1.3%
Transportation & Utilities            14,605                     14,100               -505       -3.6%
Information                            3,750                      3,700                -50       -1.4%
Financial Activities                  10,950                     10,900                -50       -0.5%
Professional & Business Services      18,683                     17,300             -1,383       -8.0%
Educational & Health Services         27,225                     27,700                475        1.7%
Leisure & Hospitality                 40,599                     40,300               -299       -0.7%
Other Services                        11,084                     11,200                116        1.0%
Government                            71,666                     71,200               -466       -0.7%


Projections were run in May 2017 and based on QCEW data through December 2016.


For an explanation of the table shown above, please see New Monthly Feature in Trends: Comparison of Current Employment Statistics (CES) Estimates to Short-Term Employment Projections



Note Regarding Tables 1-3 Below

Not seasonally adjusted data reflect the actual economic conditions in a given area for a given time period. These data show the normal seasonal changes that occur in the economy. Most county unemployment rates are higher in the winter months because of seasonal job losses in construction, leisure & hospitality, and many other sectors. Similarly, most county unemployment rates are lower in the summer months as employment increases across the economy. Data users should use caution when comparing not seasonally adjusted data for different months, as at least part of the difference between months may reflect normal seasonal patterns.

In contrast, seasonally adjusted data have been subjected to a statistical procedure to remove the effects of normal changes that occur in the economy each year, such as seasonal hiring in the construction sector, the opening and closing of schools, and holiday hiring by retail trade establishments. There is no expectation that seasonally adjusted unemployment rates will be higher or lower in any particular month, except as the economy expands or contracts. The value of seasonally adjusted data is that it is easy to identify longer-term trends in the data and valid comparisons can be made between any two months in the series.

Research & Planning works in cooperation with the Bureau of Labor Statistics to develop and publish unemployment rates for each county in Wyoming. However, these data are not seasonally adjusted and therefore reflect seasonal changes each month.


Table 1: Wyoming counties not seasonally adjusted unemployment
rates ranked from lowest to highest for June 2017


   County                              Rate*
Teton County, WY                        2.2
Crook County, WY                        3.1
Goshen County, WY                       3.1
Albany County, WY                       3.3
Lincoln County, WY                      3.3
Niobrara County, WY                     3.3
Park County, WY                         3.5
Platte County, WY                       3.5
Carbon County, WY                       3.6
Sheridan County, WY                     3.6
Weston County, WY                       3.6
Hot Springs County, WY                  3.7
Johnson County, WY                      3.7
Laramie County, WY                      3.7
Sublette County, WY                     4.0
Wyoming                                 4.0
Big Horn County, WY                     4.1
Washakie County, WY                     4.1
Converse County, WY                     4.2
Uinta County, WY                        4.3
Sweetwater County, WY                   4.5
Campbell County, WY                     5.1
Natrona County, WY                      5.3
Fremont County, WY                      5.4

*preliminary





Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for June 2017

                              Month ago 	         Over-the-Month  Over-the-Month
    County                       rate           Rate*      Rate Change    Percent Change
Teton County, WY                 3.9             2.2            -1.7          -43.6%
Sublette County, WY              4.5             4.0            -0.5          -11.1%
Crook County, WY                 3.5             3.1            -0.4          -11.4%
Lincoln County, WY               3.7             3.3            -0.4          -10.8%
Park County, WY                  3.9             3.5            -0.4          -10.3%
Hot Springs County,              4.0             3.7            -0.3           -7.5%
Carbon County, WY                3.8             3.6            -0.2           -5.3%
Johnson County, WY               3.9             3.7            -0.2           -5.1%
Washakie County, WY              4.3             4.1            -0.2           -4.7%
Weston County, WY                3.8             3.6            -0.2           -5.3%
Big Horn County, WY              4.2             4.1            -0.1           -2.4%
Natrona County, WY               5.4             5.3            -0.1           -1.9%
Uinta County, WY                 4.4             4.3            -0.1           -2.3%
Wyoming                          4.1             4.0            -0.1           -2.4%
Campbell County, WY              5.1             5.1             0.0            0.0%
Converse County, WY              4.1             4.2             0.1            2.4%
Fremont County, WY               5.3             5.4             0.1            1.9%
Platte County, WY                3.4             3.5             0.1            2.9%
Sheridan County, WY              3.5             3.6             0.1            2.9%
Laramie County, WY               3.5             3.7             0.2            5.7%
Sweetwater County, W             4.3             4.5             0.2            4.7%
Goshen County, WY                2.8             3.1             0.3           10.7%
Albany County, WY                2.8             3.3             0.5           17.9%
Niobrara County, WY              2.7             3.3             0.6           22.2%

*preliminary








Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for June 2017

                              Year ago                      Over-the-Year   Over-the-Year
   County                       Rate            Rate*        Rate Change    Percent Change
Campbell County, WY              8.2             5.1            -3.1          -37.8%
Converse County, WY              7.1             4.2            -2.9          -40.8%
Natrona County, WY               7.7             5.3            -2.4          -31.2%
Sweetwater County, W             6.7             4.5            -2.2          -32.8%
Weston County, WY                5.8             3.6            -2.2          -37.9%
Sublette County, WY              6.1             4.0            -2.1          -34.4%
Uinta County, WY                 6.3             4.3            -2.0          -31.7%
Fremont County, WY               7.3             5.4            -1.9          -26.0%
Wyoming                          5.6             4.0            -1.6          -28.6%
Crook County, WY                 4.6             3.1            -1.5          -32.6%
Platte County, WY                5.0             3.5            -1.5          -30.0%
Hot Springs County,              5.0             3.7            -1.3          -26.0%
Big Horn County, WY              5.2             4.1            -1.1          -21.2%
Lincoln County, WY               4.4             3.3            -1.1          -25.0%
Johnson County, WY               4.6             3.7            -0.9          -19.6%
Sheridan County, WY              4.5             3.6            -0.9          -20.0%
Carbon County, WY                4.4             3.6            -0.8          -18.2%
Laramie County, WY               4.4             3.7            -0.7          -15.9%
Park County, WY                  4.2             3.5            -0.7          -16.7%
Washakie County, WY              4.8             4.1            -0.7          -14.6%
Albany County, WY                3.9             3.3            -0.6          -15.4%
Goshen County, WY                3.7             3.1            -0.6          -16.2%
Teton County, WY                 2.5             2.2            -0.3          -12.0%
Niobrara County, WY              3.5             3.3            -0.2           -5.7%

*preliminary



Wyoming Department of Workforce Services
Research & Planning

July 25, 2017

Contacts:

David Bullard, Senior Economist, 307-473-3810

Carola Cowan, BLS Programs Supervisor, 307-473-3804


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