Covered Employment and Wages for Second Quarter 2005: Payroll Growth Accelerates
by: David Bullard, Senior Economist
tables by: Nancy Brennan, Economist
In second quarter 2005, total Unemployment Insurance (UI) covered payroll grew by $154.4 million or 8.1%, much higher than its five-year average (6.3%; see Table 1). Average weekly wage increased by $30 or 5.2%, also above its five-year average (4.2%). Employment also rose at a faster than average rate (2.8% in second quarter compared to the five-year average growth rate of 2.0%).
Growth in total wages increased from 6.5% in fourth quarter 2004 to 8.1% in second quarter 2005
(see Figure). Table 2 shows that employment growth
has accelerated from 2.0% in third quarter 2004 to 2.8% in second quarter 2005.
Statewide Employment and Wages by Industry
purpose of this article is to show employment and payroll changes between second
quarter 2004 and second quarter 2005. These economic changes help us gauge the
strength of Wyoming’s economy and identify the fastest and slowest growing industries and
largest job gains occurred in Mining, Construction, Local Government, Health
Care & Social Assistance, and Professional & Technical Services (see
(including oil & gas) added 2,522 jobs or 12.8% in second quarter. Job gains
were seen in all three subindustries: oil & gas extraction added about 400
jobs, mining (except oil & gas) added about 200 jobs, and support activities
for mining added 1,800 jobs. It appears that continued high energy prices are
driving the growth in Wyoming’s Mining industry.
employment grew by 832 jobs or 4.2%.
in Local Government increased by 766 jobs or 1.9%. Within Local Government,
growth occurred in Educational Services (including public school districts and
community colleges), Health Care & Social Assistance, and Public
Administration (including cities, towns, and counties).
3 has been expanded to present more detail on the Health Care & Social
Assistance sector. Overall, Health Care & Social Assistance added 508 jobs
or 2.6%. Within that sector, the fastest growing subindustry was hospitals,
which gained 121 jobs or 4.4%. Ambulatory health care services was the highest
paying subindustry, with an average weekly wage of $832, but it added jobs at a
slower-than-average pace (98 jobs or 1.3%).
second quarter Professional & Technical Services grew by 483 jobs or 6.3%.
Within Professional & Technical Services, three subindustries grew
particularly rapidly: architectural, engineering & related services;
computer systems design & related services; and management, scientific,
& technical consulting services.
Employment and Wages by County
shown in Table 4, employment increased in 21 of
Wyoming’s 23 counties during second quarter.
grew faster than the statewide average, adding
1,342 jobs or 3.8% in second quarter (see Table 5). Mining employment (including
oil & gas) increased by 731 jobs or 26.5%. The loss of telemarketing jobs
caused employment in Administrative & Support Services to fall by -188 jobs
6 shows that Laramie
saw strong employment growth in second quarter 2005. Mining (including oil
& gas) continued to dominate job gains, but faster-than-average growth was
also seen in Construction, Professional & Technical Services, and Real
Estate & Rental & Leasing. Job losses were relatively small and limited
to a few industries (most notably Agriculture, Administrative & Waste
Services, and Federal Government). Employment increased in all but two of Wyoming’s
counties underscoring the breadth of the current expansion.
Table of Contents Labor Market Information