© Copyright 2022 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Rises to 3.5% in October 2022

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rose from 3.3% in September to 3.5% in October. Wyoming’s unemployment rate is much lower than its year-ago level of 4.0% and slightly lower than the current U.S. rate of 3.7%.

From September to October most county unemployment rates followed their normal seasonal pattern and increased slightly. In October, colder weather often brings seasonal job losses in leisure & hospitality, construction, professional & business services, and other services. The largest unemployment rate increases were seen in Teton (up from 1.9% to 2.5%), Park (up from 2.7% to 3.0%), and Platte (up from 2.8% to 3.1%) counties.

From October 2021 to October 2022, unemployment rates fell in most counties. The largest decreases occurred in Converse (down from 3.5% to 2.6%), Campbell (down from 4.1% to 3.2%), Natrona (down from 4.6% to 3.8%), and Sublette (down from 4.2% to 3.6%) counties. Jobless rates rose in Washakie (up from 3.0% to 3.4%) and Carbon (up from 3.0% to 3.4%) counties.

In October, the highest unemployment rates were found in Sweetwater County at 3.9%, Natrona County at 3.8%, Sublette County at 3.6%, and Fremont County at 3.5%. Weston County reported the lowest unemployment rate at 2.2%, and it was followed by Teton, Niobrara, and Crook counties, each at 2.5%.

Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 282,100 in October 2021 to 286,800 in October 2022, an increase of 4,700 jobs (1.7%).

Research & Planning has scheduled the November unemployment news release for December 19, 2022.


Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                               Change
                                                                                     Month                    Year
                                   October-22  September-22    October-21     absolute     percent    absolute     percent
Total Civilian Labor Force           289,257       289,358       289,766        -101        0.0%        -509       -0.2%
Employed                             279,213       279,874       278,088        -661       -0.2%       1,125        0.4%
Unemployed                            10,044         9,484        11,678         560        5.9%      -1,634      -14.0%
Unemployment Rate                        3.5           3.3           4.0


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.



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 October 2022
 
                  
   County                          Rate*
Weston County, WY                   2.2
Crook County, WY                    2.5
Niobrara County, WY                 2.5
Teton County, WY                    2.5
Converse County, WY                 2.6
Hot Springs County, WY              2.6
Goshen County, WY                   2.7
Albany County, WY                   2.8
Lincoln County, WY                  2.8
Johnson County, WY                  2.9
Park County, WY                     3.0
Sheridan County, WY                 3.0
Platte County, WY                   3.1
Campbell County, WY                 3.2
Laramie County, WY                  3.2
Wyoming                             3.2
Big Horn County, WY                 3.4
Carbon County, WY                   3.4
Uinta County, WY                    3.4
Washakie County, WY                 3.4
Fremont County, WY                  3.5
Sublette County, WY                 3.6
Natrona County, WY                  3.8
Sweetwater County, WY               3.9

*preliminary


Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for October 2022

                                  Month ago              Over-the-Month   
    County                          rate         Rate*     Rate Change    
Converse County, WY                  2.7          2.6         -0.1
Albany County, WY                    2.8          2.8          0.0
Campbell County, WY                  3.2          3.2          0.0
Goshen County, WY                    2.7          2.7          0.0
Johnson County, WY                   2.9          2.9          0.0
Lincoln County, WY                   2.8          2.8          0.0
Niobrara County, WY                  2.5          2.5          0.0
Uinta County, WY                     3.4          3.4          0.0
Washakie County, WY                  3.4          3.4          0.0
Crook County, WY                     2.4          2.5          0.1
Laramie County, WY                   3.1          3.2          0.1
Natrona County, WY                   3.7          3.8          0.1
Weston County, WY                    2.1          2.2          0.1
Wyoming                              3.1          3.2          0.1
Big Horn County, WY                  3.2          3.4          0.2
Carbon County, WY                    3.2          3.4          0.2
Fremont County, WY                   3.3          3.5          0.2
Hot Springs County, WY               2.4          2.6          0.2
Sheridan County, WY                  2.8          3.0          0.2
Sublette County, WY                  3.4          3.6          0.2
Sweetwater County, WY                3.7          3.9          0.2
Park County, WY                      2.7          3.0          0.3
Platte County, WY                    2.8          3.1          0.3
Teton County, WY                     1.9          2.5          0.6

*preliminary




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year
changes ranked from lowest to highest for October 2022
 
                                  Year ago                Over-the-Year   
   County                           Rate         Rate*     Rate Change    
Campbell County, WY                  4.1          3.2         -0.9
Converse County, WY                  3.5          2.6         -0.9
Natrona County, WY                   4.6          3.8         -0.8
Sublette County, WY                  4.2          3.6         -0.6
Sweetwater County, WY                4.4          3.9         -0.5
Uinta County, WY                     3.9          3.4         -0.5
Hot Springs County, WY               3.0          2.6         -0.4
Johnson County, WY                   3.2          2.9         -0.3
Weston County, WY                    2.5          2.2         -0.3
Wyoming                              3.5          3.2         -0.3
Goshen County, WY                    2.9          2.7         -0.2
Park County, WY                      3.2          3.0         -0.2
Sheridan County, WY                  3.2          3.0         -0.2
Teton County, WY                     2.7          2.5         -0.2
Crook County, WY                     2.6          2.5         -0.1
Fremont County, WY                   3.6          3.5         -0.1
Lincoln County, WY                   2.9          2.8         -0.1
Niobrara County, WY                  2.6          2.5         -0.1
Platte County, WY                    3.2          3.1         -0.1
Laramie County, WY                   3.2          3.2          0.0
Big Horn County, WY                  3.3          3.4          0.1
Albany County, WY                    2.6          2.8          0.2
Carbon County, WY                    3.0          3.4          0.4
Washakie County, WY                  3.0          3.4          0.4

*preliminary


Wyoming Department of Workforce Services
Research & Planning

November 21, 2022

Contacts:
David Bullard, Senior Economist, 307-473-3810

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


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