"Labor Market Information (LMI) is an applied science; it is the systematic collection and analysis of data which describes and predicts the relationship between labor demand and supply." The States' Labor Market Information Review, ICESA, 1995, p. 7.
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Table 40: Wyoming Covered Employment, Total Wages, & Average Weekly Wages in Finance & Insurance (NAICS 52), First Quarter 2023 & 2024a | |||||||||||||
Average Monthly Employment | Total Wages | Average Weekly Wage | |||||||||||
Change | Change | Change | |||||||||||
NAICSb Code | Ownership and Industry | 2024Q1 | 2023Q1 | N | % | 2024Q1 | 2023Q1 | $ | % | 2024Q1 | 2023Q1 | $ | % |
52 | Finance & Insurance - Private | 7,226 | 7,427 | -201 | -2.7 | $185,470,184 | $199,103,614 | -$13,633,430 | -6.8 | $1,974 | $2,062 | -$88 | -4.3 |
522 | Credit Intermediation & Related Activities | 4,085 | 4,290 | -205 | -4.8 | $79,626,903 | $93,513,259 | -$13,886,356 | -14.8 | $1,500 | $1,677 | -$177 | -10.6 |
5221 | Depository Credit Intermediation | 3,571 | 3,716 | -145 | -3.9 | $66,665,286 | $80,781,463 | -$14,116,177 | -17.5 | $1,436 | $1,672 | -$236 | -14.1 |
522110 | Commercial Banking | 2,496 | 2,618 | -122 | -4.6 | $49,839,435 | $64,281,563 | -$14,442,128 | -22.5 | $1,536 | $1,889 | -$353 | -18.7 |
522130 | Credit Unions | 912 | 927 | -15 | -1.6 | $14,119,461 | $13,680,461 | $439,000 | 3.2 | $1,190 | $1,135 | $56 | 4.9 |
522180 | Savings Institutions & Other Depository Credit Intermediation | 162 | 170 | -8 | -4.9 | $2,706,390 | $2,819,439 | -$113,049 | -4.0 | $1,285 | $1,273 | $12 | 0.9 |
5222 | Nondepository Credit Intermediation | 420 | 457 | -38 | -8.2 | $9,379,117 | $9,114,288 | $264,829 | 2.9 | $1,719 | $1,533 | $186 | 12.1 |
522210 | Credit Card Issuing | 12 | 13 | -2 | -12.5 | $363,266 | $360,389 | $2,877 | 0.8 | $2,394 | $2,080 | $315 | 15.1 |
522220 | Sales Financing | 54 | 58 | -4 | -6.3 | $1,143,517 | $1,001,356 | $142,161 | 14.2 | $1,619 | $1,328 | $291 | 21.9 |
522291 | Consumer Lending | 93 | 95 | -2 | -2.4 | $2,567,394 | $1,782,855 | $784,539 | 44.0 | $2,124 | $1,439 | $685 | 47.6 |
522292 | Real Estate Credit | 158 | 191 | -32 | -17.0 | $3,314,043 | $3,927,413 | -$613,370 | -15.6 | $1,610 | $1,584 | $26 | 1.6 |
522299 | International, Secondary Market, & All Other Nondepository Credit Intermediation | 102 | 100 | 2 | 2.3 | $1,990,897 | $2,042,275 | -$51,378 | -2.5 | $1,497 | $1,571 | -$74 | -4.7 |
5223 | Activities Related To Credit Intermediation | 94 | 117 | -22 | -19.1 | $3,582,500 | $3,617,508 | -$35,008 | -1.0 | $2,921 | $2,385 | $536 | 22.5 |
522310 | Mortgage & Nonmortgage Loan Brokers | 45 | 55 | -10 | -17.6 | $810,285 | $941,987 | -$131,702 | -14.0 | $1,375 | $1,317 | $58 | 4.4 |
522320 | Financial Transaction Processing & Clearing | 33 | 43 | -10 | -23.8 | $1,108,885 | $1,234,238 | -$125,353 | -10.2 | $2,585 | $2,191 | $394 | 18.0 |
522390 | Other Credit Intermediation Activities | 16 | 18 | -2 | -12.7 | $1,663,330 | $1,441,283 | $222,047 | 15.4 | $7,997 | $6,048 | $1,948 | 32.2 |
523 | Securities, Commodity Contracts, & Other Financial Investments & Related Activities | 749 | 717 | 31 | 4.4 | $53,863,183 | $54,250,571 | -$387,388 | -0.7 | $5,534 | $5,818 | -$283 | -4.9 |
523150 | Investment Banking & Securities Intermediation | 303 | 288 | 16 | 5.4 | $16,620,119 | $20,632,288 | -$4,012,169 | -19.4 | $4,215 | $5,517 | -$1,302 | -23.6 |
5239 | Other Financial Investment Activities | 443 | 428 | 16 | 3.7 | $37,202,159 | $33,582,531 | $3,619,628 | 10.8 | $6,455 | $6,040 | $415 | 6.9 |
523910 | Miscellaneous Intermediation | 77 | 80 | -3 | -3.4 | $4,634,329 | $5,241,452 | -$607,123 | -11.6 | $4,630 | $5,061 | -$431 | -8.5 |
523940 | Portfolio Management & Investment Advice | 288 | 281 | 7 | 2.5 | $29,459,564 | $26,522,177 | $2,937,387 | 11.1 | $7,859 | $7,252 | $608 | 8.4 |
523991 | Trust, Fiduciary, & Custody Activities | 40 | 39 | 1 | 2.5 | $1,248,412 | $1,044,069 | $204,343 | 19.6 | $2,381 | $2,042 | $339 | 16.6 |
523999 | Miscellaneous Financial Investment Activities | 38 | 27 | 10 | 37.8 | $1,859,854 | $774,833 | $1,085,021 | 140.0 | $3,798 | $2,181 | $1,617 | 74.1 |
524 | Insurance Carriers & Related Activities | 2,329 | 2,356 | -27 | -1.2 | $46,702,062 | $44,622,175 | $2,079,887 | 4.7 | $1,543 | $1,457 | $86 | 5.9 |
5241 | Insurance Carriers | 793 | 781 | 12 | 1.6 | $17,758,330 | $16,594,842 | $1,163,488 | 7.0 | $1,723 | $1,635 | $87 | 5.3 |
524113 | Direct Life Insurance Carriers | 40 | 41 | -2 | -4.0 | $2,989,293 | $2,206,952 | $782,341 | 35.4 | $5,796 | $4,108 | $1,689 | 41.1 |
524114 | Direct Health & Medical Insurance Carriers | 356 | 320 | 36 | 11.4 | $6,826,604 | $5,754,085 | $1,072,519 | 18.6 | $1,474 | $1,383 | $91 | 6.5 |
524126 | Direct Property & Casualty Insurers | 223 | 233 | -10 | -4.2 | $4,333,408 | $4,862,905 | -$529,497 | -10.9 | $1,493 | $1,605 | -$113 | -7.0 |
524127 | Direct Title Insurance Carriers | 159 | 176 | -17 | -9.8 | $2,864,014 | $3,258,257 | -$394,243 | -12.1 | $1,386 | $1,421 | -$36 | -2.5 |
524128 | Other Direct Insurance Carriers | 11 | 6 | 5 | 83.3 | $350,880 | $200,123 | $150,757 | 75.3 | $2,454 | $2,566 | -$112 | -4.4 |
524130 | Reinsurance Carriers | 4 | 4 | 0 | -8.3 | $394,131 | $312,520 | $81,611 | 26.1 | $8,261 | $6,010 | $2,251 | 37.5 |
5242 | Insurance Agencies & Brokerages | 1,536 | 1,575 | -40 | -2.5 | $28,943,732 | $28,027,333 | $916,399 | 3.3 | $1,450 | $1,369 | $81 | 5.9 |
524210 | Insurance Agencies & Brokerages | 1,207 | 1,199 | 8 | 0.6 | $22,502,592 | $21,021,788 | $1,480,804 | 7.0 | $1,434 | $1,348 | $86 | 6.4 |
524291 | Claims Adjusting | 182 | 220 | -39 | -17.5 | $3,260,707 | $3,703,755 | -$443,048 | -12.0 | $1,381 | $1,293 | $88 | 6.8 |
524292 | Third Party Administration of Insurance Funds | 78 | 73 | 5 | 6.9 | $1,470,085 | $1,386,034 | $84,051 | 6.1 | $1,456 | $1,467 | -$11 | -0.8 |
524298 | All Other Insurance Related Activities | 69 | 83 | -14 | -16.5 | $1,710,348 | $1,915,756 | -$205,408 | -10.7 | $1,898 | $1,775 | $122 | 6.9 |
525 | Funds, Trusts, & Other Financial Vehicles | 64 | 64 | 0 | 0.5 | $5,278,036 | $6,717,609 | -$1,439,573 | -21.4 | $6,311 | $8,074 | -$1,763 | -21.8 |
5251 | Insurance & Employee Benefit Funds | 6 | 5 | 0 | 6.4 | $2,289,526 | $2,087,880 | $201,646 | 9.7 | $31,061 | $30,132 | $929 | 3.1 |
525110 | Pension Funds | 4 | 3 | 1 | 22.3 | $2,208,384 | $2,003,746 | $204,638 | 10.2 | $46,288 | $51,378 | -$5,090 | -9.9 |
5259 | Other Investment Pools & Funds | 59 | 59 | 0 | 0.0 | $2,988,510 | $4,629,729 | -$1,641,219 | -35.4 | $3,918 | $6,070 | -$2,152 | -35.4 |
525910 | Open-End Investment Funds | 5 | 4 | 1 | 25.0 | $639,349 | $2,153,114 | -$1,513,765 | -70.3 | $9,836 | $41,406 | -$31,570 | -76.2 |
525920 | Trusts, Estates, & Agency Accounts | 35 | 35 | 0 | 0.9 | $975,924 | $1,134,235 | -$158,311 | -14.0 | $2,125 | $2,493 | -$368 | -14.8 |
525990 | Other Financial Vehicles | 18 | 20 | -1 | -6.8 | $1,373,237 | $1,342,380 | $30,857 | 2.3 | $5,763 | $5,250 | $513 | 9.8 |
52 | Finance & Insurance - Federal Government | 28 | 27 | 1 | 5.0 | $634,007 | $612,117 | $21,890 | 3.6 | $1,742 | $1,766 | -$24 | -1.3 |
522 | Credit Intermediation & Related Activities | 27 | 25 | 2 | 9.4 | $597,983 | $549,124 | $48,859 | 8.9 | $1,704 | $1,712 | -$9 | -0.5 |
5222 | Nondepository Credit Intermediation | 27 | 25 | 2 | 9.4 | $597,983 | $549,124 | $48,859 | 8.9 | $1,704 | $1,712 | -$9 | -0.5 |
522299 | International, Secondary Market, & All Other Nondepository Credit Intermediation | 23 | 23 | 0 | 1.5 | $484,415 | $495,139 | -$10,724 | -2.2 | $1,620 | $1,680 | -$60 | -3.6 |
aPreliminary. | |||||||||||||
bNorth American Industry Classification System | |||||||||||||
Source: Quarterly Census of Employment and Wages, developed through a cooperative program between Research & Planning and the U.S. Bureau of Labor Statistics. | |||||||||||||
Extract Date: July 2024. | |||||||||||||
Prepared by M. Moore, Research & Planning, WY DWS, 7/19/24. |
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