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Total initial claims decreased by 34.0% (-1,302 claims) from February 2016 to February 2017. New initial claims have decreased from prior year levels for eight consecutive months.
Over the year, the total number of unique claimants decreased by 2,229 individuals (-21.6%), while the total number of weeks claimed decreased by 7,768 weeks (-21.5%).
UI Claims Report, Feb 2017
(PDF, 1.3 MB)
UI Claims Data Webpage
Published March 9, 2017.
In 2015, Wyoming had 25,447 new initial unemployment insurance (UI) claims – an increase of 4,739 (22.9%) from 2014. New initial claims represent the number of workers who experienced job loss in 2015 and applied for UI benefits.
With an economy heavily dependent on oil and gas, the spike in Unemployment Insurance (UI) claims in Wyoming was not unexpected when oil prices plunged in late 2014. Even with evidence of job losses across the state, especially in the mining industry, Wyoming’s unemployment rate remained steady between 4.0% and 4.2% without significant over-the-month changes from December 2014 to November 2015. This article looks at individuals all over the United States filing claims for UI benefits from a Wyoming employer and how they affect the unemployment rate.
Over the past two years (2012 and 2013), new business formation in Wyoming continued an upward trend from 2010 and 2011. However, the combined four years of growth after the economic downturn years of 2008 and 2009 was much slower than the previous growth from the downturn years of 2002 and 2003 in terms of the growth pace and the formation level.
The construction industry finally showed a notable recovery in 2013 after four consecutive years of decline – the largest in history. New business formation in mining dropped to the historical low again in 2012 and 2013.
Using UI claims data, we found that economic conditions before and after the first spell of unemployment played a significant role in determining length of future UI benefit collection. We found little evidence that a claimant’s personal characteristics contribute to the length of future UI benefit collection. Implications for workforce service agencies are also discussed.
Collecting Unemployment Insurance (UI) may create a stigma and contribute to human capital decay, increasing the likelihood of claimants falling into a sector of the labor market where repeat use of the UI system is common. Using UI claimant data from 2005 to 2012, we found that during the recent economic downturn, the rate of repeat use of the UI system decreased due to an increase in the number of individuals who would normally not apply for benefits. We also found evidence that employers may change their hiring and re-hiring practices depending upon the local unemployment rate. Further, nearly 86.0% of repeat claimants who return to the same employer see no increase in wages upon re-employment. Implications for workforce agencies to concentrate their efforts are discussed.
Increasing the maximum number of weeks an individual can claim Unemployment Insurance (UI) benefits has been shown to increase the time spent unemployed, which can have negative consequences on the unemployment rate (Rothstein, 2011). On the other hand, an extension of UI benefits allows the unemployed worker more time to search for suitable employment with higher wages that better matches their knowledge and skills (Kahn, 2011). Using UI claims data before, during, and after the recent economic downturn, we found that the length of UI benefit collection affects the likelihood of leaving Wyoming’s labor market. Further, we found that the possibility of collecting extended UI benefits has little effect on a person’s work search intensity. We discuss workforce agency initiatives and program evaluation implications.
More than half (51.5%) of all businesses in Wyoming in 2011 had just one to three employees. Some of these micro-sized firms provided higher annual wages on average in their industries than larger firms. Larger Wyoming employers (those with 50 or more employees) made up just 4.1% of all businesses but contributed 57.0% of the state's jobs and 63.4% of Wyoming's total wages in 2011.
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New business formation in Wyoming began to recover in 2010 and 2011 after declining in 2008 and 2009 during the state's economic downturn. However, the number of new firms and the growth rate were smaller than during the recovery period following the prior economic downturn in 2001. The number of new firms in construction has declined for four years. In 2011, the number of new firms in this industry reached its lowest level of the past 13 years. The construction industry's extended contraction has never been seen before.
Despite enduring a recent economic downturn, the Wyoming unemployment insurance (UI) trust fund remained solvent. This article provides a detailed look at the history of the state UI trust fund, including four periods of economic downturn. The second part of this article presents a trust fund liability study that examines four different scenarios that would affect the solvency of the trust fund.
Large layoffs occurred in all industries and counties in Wyoming in 2009, with the mining industry and mining-dominated counties most heavily affected. Men were laid off more frequently than women, and younger male workers were hit especially hard by the economic downturn.
246 S. Center St.
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Casper, WY 82602
Your Source for Wyoming Labor Market Information.