© Copyright 2006 by the Wyoming Department of Employment, Research & Planning

WYOMING LABOR FORCE TRENDS

Vol. 43 No. 9

Wyoming Adds 10,100 New Jobs Since July 2005

by: David Bullard, Senior Economist

Bolstered by rapid growth in Natural Resources & Mining (including oil & gas) and Construction, Wyoming added 10,100 new jobs (3.7%) compared to July 2005. At the same time, the states seasonally adjusted unemployment rate fell from 3.3% in June to 3.0% in July. It remained well below its July 2005 level of 3.9%. In contrast, the U.S. unemployment rate increased slightly from 4.6% in June to 4.8% in July and U.S. job growth continued at the modest pace of 1.3%.

From June to July, Wyoming experienced a 2,900 job decrease (-1.0%). This level of decrease reflects a normal seasonal pattern as public schools and colleges begin summer break. The seasonal job decrease in Government (-5,700 jobs or -8.5%) was partially offset by gains in Construction (800 jobs or 3.4%), Retail Trade (400 jobs or 1.3%), and Leisure & Hospitality (1,500 jobs or 4.0%).

From July 2005, Wyoming added 10,100 jobs or 3.7% and growth was seen in every major sector. The largest job gains occurred in Natural Resources & Mining (2,700 jobs or 11.6%) and Construction (2,000 jobs or 8.8%). Manufacturing (400 jobs or 4.1%), Wholesale Trade (400 jobs or 5.1%), Transportation, Warehousing, & Utilities (800 jobs or 6.3%), Financial Activities (500 jobs or 4.6%), and Professional & Business Services (800 jobs or 4.8%) all grew faster than the statewide average (3.7%).

County unemployment rates followed their typical seasonal pattern and declined from June to July. Platte County and Fremont County reported the highest unemployment rates (both 3.5%). Sublette County had the lowest unemployment rate (1.2%) followed closely by Campbell County (1.5%). From July 2005 to July 2006, unemployment fell in all 23 counties.