Wyoming Job Growth
Continues in June
by: David Bullard, Senior Economist
Wyoming job growth continued at a healthy pace in June as 4,400 jobs (1.7%) were added on an over-the-year basis. The seasonally adjusted unemployment rate decreased slightly from 3.7 in May to 3.6 percent in June (not a statistically significant change). It remains well below its June 2003 level of 4.4 percent and the current U.S. jobless rate of 5.6 percent. U.S. job growth (measured on an over-the-year basis) increased to 1.2 percent in June.
From May to June, the state added 8,800 jobs or 3.4 percent. This seasonal increase is similar to increases seen in previous years. The largest over-the-month gains occurred in Leisure & Hospitality (4,800 jobs or 15.6%), Construction (1,000 jobs or 5.1%), Retail Trade (1,000 jobs or 3.4%), Professional & Business Services (700 jobs or 4.4%), and Natural Resources & Mining (500 jobs or 2.6%).
When compared to June 2003, Wyoming gained 4,400 jobs or 1.7 percent. Over-the-year job gains continue to be dominated by Natural Resources & Mining (including oil & gas), which grew by 1,700 jobs or 9.2 percent. Education & Health Services added 1,200 jobs or 5.8 percent and Government (including public schools and hospitals) added 1,100 jobs or 1.7 percent. Modest job losses occurred in Construction (-200 jobs or -1.0%), Retail Trade (-200 jobs or -0.6%), Information (-100 jobs or -2.4%), and Other Services (-100 jobs or -1.0%). Employment was unchanged in Manufacturing and Transportation & Utilities.
County unemployment rates remained low in June. Fremont County posted the highest rate (5.2%), and it was followed by Platte County (4.4%), Uinta County (4.1%), and Laramie County (4.0%). The lowest unemployment rate was found in Niobrara County (1.4%), which was followed by Johnson County (1.6%) and Albany County (1.9%).
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