Wyoming's Labor Market in 2001

Wyoming's Labor Market in 2001

data prepared by: David Bullard, Senior Economist and Brad Payne, Economist

Total nonagricultural employment has steadily grown since 1996. Total annual average nonagricultural employment for 2001 is estimated at 245,600 jobs (see Table 1), which is 6,200 more jobs than were estimated in 2000.¹ The increase in employment is due to an increase in Goods Producing industries from 46,200 jobs in 2000 to 48,400 jobs in 2001 and an increase in Service Producing industries of 3,900 jobs (193,200 jobs in 2000 to 197,100 in 2001). Growth in Goods Producing industries is credited mainly to an overall increase in Mining employment with oil & gas extraction contributing the largest share (up 2,400 jobs). Service Producing industries’ growth can be attributed to small increases across the board.

Natrona County’s average annual employment for 2001 was 32,800 jobs (see Table 2). Total employment in Goods Producing industries grew by 500 jobs from 2000 to 2001, and Service Producing industries showed an increase of 300 jobs.

Laramie County shows overall growth in average annual employment from 2000 to 2001 of 300 jobs (see Table 3). The increase in employment is due to the 400 job increase in Service Producing industries offsetting the 100 job loss in Goods Producing .

Wyoming’s unemployment rate remained steady at 3.9 percent in 2001 (see Table 4). The county reporting the lowest unemployment rate in the state for 2001 was Albany County (2.0%). Fremont County had the highest unemployment rate in 2001 (6.4%). Campbell County's large decrease in its unemployment rate from 5.2 percent in 1999 to 2.9 percent in 2001 was due to the continued increase in employment throughout the Mining industry.

Wyoming’s labor force and employment each grew 1.6 percent from 2000 to 2001 (see Table 4). The largest labor force increase occurred in Natrona County (34,333 individuals in 2000 to 35,239 in 2001).

¹Estimates for 2000 can be found on our website at
< http://LMI.state.wy.us/ces/toc.htm > and
< http://LMI.state.wy.us/laus/toc.htm >.

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