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Wyoming Department of Workforce Services

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Wyoming Labor Force Trends

January 2024 | Volume 61, No. 1


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Growing and Declining Industries in Wyoming, 2023Q2

by: Laura Yetter, Senior Economist

Article | Table

 

The Research & Planning (R&P) section of the Wyoming Department of Workforce Services publishes quarterly reports on growing and declining industries in Wyoming online at https://doe.state.wy.us/LMI/G_DInd/G_D_Industries.htm. The most recent report available is for second quarter 2023 (2023Q2).

A growing or declining industry is defined as an industry’s employment level increasing or decreasing for two quarters by 5% or more over the year based on data from the Quarterly Census of Employment and Wages. For example, all industries that grew or declined in employment by at least 5% from 2022Q1 to 2023Q1 and subsequently from 2022Q2 to 2023Q2 were included in the respective tables in this article. Only subsectors with employment of 100 or more are included in the growing and declining industries for Wyoming.

Industries are defined by the North American Industry Classification System (NAICS). For this research, growing and declining industries are determined at the three-digit subsector level.

Wyoming had 17 growing industries in 2023Q2 (see Table 1), which accounted for 21.0% of all industries and 14.1% of the state's total employment. Growing industries included support activities for mining; professional & technical services; support activities for transportation; and merchant wholesalers, durable goods.

There were nine declining industries in 2023Q2, accounting for 7.4% of all industries and 2.0% of the state's total employment.