Growth Continues in July
by: David Bullard, Senior Economist
"As a result of job gains in oil & gas, Wyoming job growth continued to outpace the nation in July. Approximately 6,100 jobs were created in the state for a growth rate of 2.5 percent. "
As a result of job gains in oil & gas, Wyoming job growth continued to outpace the
nation in July. Approximately 6,100 jobs were created in the state for a growth rate of
2.5 percent. U.S. job growth remained at the relatively low level of 0.4 percent. Besides
oil & gas, which gained 2,100 jobs or 22.3 percent, strong growth was also seen in
Services (2,300 jobs or 3.8%), Retail Trade (700 jobs or 1.4%) and Local Government (500
jobs or 1.4%).
Small job losses were seen in Manufacturing (-200 jobs or -1.7%), Transportation, Communications, & Public Utilities (-100 jobs or -0.7%) and Federal Government
(-300 jobs or -3.6%).
Wyoming's seasonally adjusted unemployment rate was 3.8 percent in July, unchanged from its revised June level. It remains well below the U.S. unemployment rate of 4.5 percent. Wyoming's labor force (the sum of employed and unemployed individuals) increased by 1,752 people or 0.6 percent when compared with July 2000. The number of unemployed fell from 9,337 in July 2000 to 9,185 in July 2001, a decrease of 152 individuals or 1.6 percent.
Across Wyoming's counties, the lowest unemployment rate was in Teton County, an estimated 1.1 percent. Fremont County's unemployment rate (5.7% in July) was the highest in the state, but still down from its July 2000 level (5.9%). Unemployment fell dramatically in Crook County and Uinta County when compared with July 2000. Crook County's rate decreased from 3.7 percent to 2.6 percent and Uinta County's fell from 5.6 percent to 4.5 percent.
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