WYOMING LABOR FORCE TRENDS

Vol. 42 No. 12

Wyoming’s Total Payroll Increases by 11.6% in 2005

by: Carol Toups, Senior Economist

Preliminary numbers from the Unemployment Insurance covered employment indicate a total payroll increase of 11.6% from third quarter 2004 to third quarter 2005. This is an over-the-year increase of over $227 million. Industries contributing to the majority of total payroll increases included: Mining, which grew by $64.3 million or 21.5%; Construction was up by $34.5 million or 20.1%; and Health Care & Social Assistance rose by $20.3 million or 8.7%.

As the Figure shows, the two industries with the largest payroll percentage increases occurred in Management of Companies & Enterprises (75.6% or $8.9 million) and Real Estate, Rental, & Leasing (26.1% or $6.4 million). However, those industries represent a small percentage of Wyoming’s total payroll.

All Wyoming industries had payroll increases during the year, with the lowest starting at 2.0%.

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