© Copyright 2006 by the Wyoming Department of Employment, Research & Planning

WYOMING LABOR FORCE TRENDS

Vol. 43 No. 1

Wyoming Unemployment Falls Slightly in November 2005

by: David Bullard, Senior Economist

Wyoming’s seasonally adjusted unemployment rate fell from 4.1% in October to 3.9% in November. It remained well below the U.S. unemployment rate of 5.0%. Job growth continued at a healthy pace in November as 6,700 jobs (2.6%) were added compared to a year earlier. U.S. job growth (1.5%) was much slower than in Wyoming.

From October to November, Wyoming lost 2,400 jobs or 0.9%. This decrease was consistent with the average seasonal decrease from October to November. Seasonal job losses occurred in Construction (-900 jobs or -4.3%), Professional & Business Services (-300 jobs or -1.9%), and Leisure & Hospitality (-1,700 jobs or -5.5%). Employment increased by 200 jobs or 2.6% in Wholesale Trade.

From November 2004, Wyoming added 6,700 jobs or 2.6%. Although job growth was seen across many industry sectors, Natural Resources & Mining (including oil & gas) continued to dominate job gains (1,900 new jobs or 8.9%). Construction employment increased by 800 jobs or 4.1%. Other notable increases occurred in Transportation, Warehousing, & Utilities (600 jobs or 5.0%), Leisure & Hospitality (600 jobs or 2.1%), Wholesale Trade (400 jobs or 5.3%), Financial Activities (400 jobs or 3.8%), and Educational & Health Services (300 jobs or 1.4%). Information employment fell slightly (-100 jobs or -2.3%).

Across Wyoming’s 23 counties, all unemployment rates followed their normal seasonal pattern and increased from October to November. Teton County posted the largest increase, rising from 3.3% in October to 4.9% in November. Unemployment rates also rose substantially in Big Horn County (3.7% in October to 4.3% in November), Park County (3.8% in October to 4.4% in November) and Washakie County (3.7% in October to 4.3% in November). Platte County had the highest unemployment rate (5.1%) and Sublette County the lowest (1.9%).

 

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