Wyoming Adds 6,200 Jobs in June
by: David Bullard, Senior Economist
"Wyoming’s seasonally adjusted unemployment rate increased slightly from 3.6 percent in May to 3.7 percent in June, but remained below its June 2000 level of 3.9 percent."
Wyoming job growth surged ahead in June as 6,200 jobs were created giving the state a growth rate of 2.5 percent. In contrast, U.S. job growth slowed to 0.3 percent. Wyoming’s seasonally adjusted unemployment rate increased slightly from 3.6 percent in May to 3.7 percent in June, but remained below its June 2000 level of 3.9 percent. U.S. unemployment increased to 4.5 percent in June.
Strong growth was seen in Mining, Retail Trade, Services and Local Government. Practically all of the job gains in Mining (2,300 jobs or 13.5%) occurred in oil & gas extraction. Retail Trade added 1,200 jobs or 2.5 percent when compared with June 2000. Employment in the Services industry grew by 1,200 jobs or 2.0 percent, with the largest gains in health services (500 jobs or 4.6%) and engineering & management services (500 jobs or 12.8%). Because of job growth in local hospitals and local education, Local Government grew by 1,200 jobs or 3.0 percent.
Job losses occurred in Transportation, Communications, & Public Utilities because of layoffs in telephone communications (-100 jobs or 0.7%). Federal Government employment fell in June 2001 when compared with June 2000 (-300 jobs or 3.7%) because of the completion of the 2000 Census.
Unemployment rates fell in several of Wyoming’s counties in June. The largest decrease occurred in Teton County where the unemployment rate fell from 2.5 percent in May to 1.3 percent in June. Park County’s unemployment rate fell from 4.0 percent in May to 3.5 percent in June. The unemployment rate increased in Big Horn County from 3.9 percent in May to 4.7 percent in June.
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