Covered Employment and Wages for Third Quarter 2000, Part 2: North American Industry Classification System (NAICS)
by: Mike Evans, BLS Program Supervisor
"Growth in wage and payroll were slower in the third quarter compared to the prior four quarters, but last year's growth in wage and payroll exceeded the growth for any year since the boom in 1981."
The most recent employment data for Wyoming are listed below by North American Industry Classification System (NAICS) sector. The production-oriented focus of NAICS reinterprets the employment structure of the economy to the point where straight comparisons between NAICS and SIC are difficult.1 For the next year, we will publish both the NAICS and SIC employment levels to enable readers to cross-reference and adapt to the new classification system. The unavailable sector codes are due to the timing of the downloads and to delinquency in employer reporting.
Wyoming average monthly employment grew in 2000,2 by 5,230 jobs (2.3%) in the third quarter of 2000 compared with the third quarter of 1999. Total payroll grew 3.7 percent and average weekly wage grew 1.4 percent (see the Table).3 Growth in wage and payroll were slower in the third quarter compared to the prior four quarters, but last year’s growth in wage and payroll exceeded the growth for any year since the boom in 1981. Also, the year 2000 brought the lowest unemployment level since the boom.
The largest job gains came in the Accommodations sector with 7,414 more jobs (30.8%), while the Construction, Retail Trade, and Mining sectors added 1,587; 1,460; and 1,339 more jobs than the previous year, respectively.
Employment increased (2.3%) in Manufacturing under the SIC system, but decreased under NAICS (-8.9%). Finance & Insurance, along with Real Estate increased (0.8 and 1.2%, respectively) under the NAICS system, but Finance, Insurance, & Real Estate (FIRE) decreased under SIC (-0.9%). The Accommodations (8.1%) and Public Administration (7.3%) sectors had substantial gains in average weekly wage, while the Management (-18.6%), Professional Services (-19.6%), and Information (-22.3%) sectors declined substantially.
1For example, industries formerly coded into the Services industry under the Standard Industrial Classification (SIC) system are now split among several different sectors under the North American Industry Classification (NAICS). A complete breakdown of how SIC industries are distributed among NAICS sectors is included in the article by Mike Evans, "New Industrial Classification System Will Affect All Industry Statistics," Wyoming Labor Force Trends, October 2000, pp. 7-11.
2Mike Evans, "Covered Employment and Wages for First Quarter 2000, Part 2: North American Industry Classification System (NAICS)," Wyoming Labor Force Trends, October 2000, pp. 11-13.
3The unavailable sector codes are due to the timing of the downloads and delinquency in employer reporting.
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