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Wyoming Labor Force Trends

October 2024 | Volume 61, No. 10


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Growing and Declining Industries in Wyoming, 2024Q1

Article | Tables

by: Laura Yetter, Senior Economist


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.

This article provides excerpts and selected data from the full report for first quarter 2024 (2024Q1), which is available at https://doe.state.wy.us/LMI/G_DInd/Report_24Q1.pdf.

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 2022Q4 to 2023Q4 and subsequently from 2023Q1 to 2024Q1 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.

As shown in Table 1, Wyoming had four growing industries in 2024Q1, accounting for 4.9% of all industries and 3.9% of the state's total employment (see Table 2). Heavy & civil engineering construction showed the greatest growth of the four growing industries, increasing by an average of 1,152 jobs, or 24.5%. The other growing industries were administration of economic programs (181, or 6.2%), membership associations & organizations (132, or 7.2%), and electrical equipment & appliance manufacturing (73, or 17.7%).

There were four declining industries in 2024Q1 (see Table 3). The greatest decline was seen in furniture, home furnishings, electronics, & appliance retailers, with an average loss of 78 jobs, or 5.8%. The remaining declining industries were performing arts & spectator sports (-46, or -10.2%), private households (-35, or -13.3%), and furniture & related product manufacturing (-30, or -16.4%).