© Copyright 2015 by the Wyoming Department of Workforce Services, Research & Planning

Local Jobs and Payroll in Wyoming in Fourth Quarter 2014: Slight Slowdown in Payroll and Job Growth

The Research & Planning section of the Wyoming Department of Workforce Services reported today that total unemployment insurance (UI) covered payroll increased by $184.4 million (5.5%) in fourth quarter 2014. Employment rose by 4,426 jobs (1.6%) and average weekly wage increased by $36 (3.9%). Job growth and payroll growth both slowed slightly from third to fourth quarter. In terms of dollars, UI covered payroll represents approximately 91.5% of all wage and salary disbursements and 43.8% of personal income in the state (U.S. Bureau of Economic Analysis, 2014). Analysts have noted that “minerals related employment is one of the key predictors of sales and use tax revenue” in Wyoming (CREG 2010).

Despite the recent growth, overall employment remained approximately 2,350 jobs (0.8%) below its fourth quarter 2008 level. It appears that the state is getting close to making up all the job losses of 2009 and 2010.

Visit our website at http://doe.state.wy.us/lmi/14Q4_QCEW/toc.htm for the types of industry employment and the amount of earnings by county.

Employment rose in 14 counties and fell in 9 counties (see Table). Total payroll increased in 18 counties and decreased in five counties.

Natrona County gained 1,098 jobs (2.6%) and its total payroll grew by $51.1 million (9.2%). The largest job gains were found in mining (including oil & gas), construction, transportation & warehousing, and manufacturing. Employment fell in other services and administrative & waste services.

Campbell added 1,022 jobs (3.7%) and its total payroll rose by $33.9 million (8.4%). The largest job gains were seen in mining (including oil & gas), construction, and accommodation & food services.

Laramie County added 675 jobs (1.5%) and its total payroll rose by $25.2 million (5.1%). Employment rose rapidly in transportation & warehousing, mining (including oil & gas), and accommodation & food services. Job losses occurred in retail trade, other services, and health care & social assistance.

Employment in Teton County rose by 564 jobs (3.3%) and its total payroll grew by $34.1 million (17.9%). Strong growth was seen in accommodation & food services, construction, and retail trade.

Converse County added 393 jobs (6.3%) and its total payroll rose by $11.3 million (14.7%). Construction gained approximately 200 jobs and smaller job gains were seen in mining (including oil & gas); arts, entertainment & recreation; retail trade; and manufacturing.

Sweetwater County lost 306 jobs (-1.2%), but its total payroll rose by $5.6 million (1.6%). Job losses were seen in mining (including oil & gas), retail trade, accommodation & food services, real estate & rental & leasing, manufacturing, and administrative & waste services.

Employment in Sublette County fell by 226 jobs (-4.4%) and its total payroll decreased by $1.2 million (-1.5%). Job losses were seen in administrative & waste services, construction, mining (including oil & gas), accommodation & food services, and wholesale trade.

 


Preview—First Quarter (January through March) 2015 Covered Employment & Wages

According to preliminary data, job growth slowed further in first quarter. Total payroll rose by $92.4 million (3.0%) and employment increased by approximately 3,200 jobs (1.2%). The largest job gains occurred in accommodation & food services (approximately 900 jobs), retail trade (approximately 800 jobs), transportation & warehousing (approximately 650 jobs), and construction (approximately 600 jobs). Job losses were seen in mining (including oil & gas; nearly 250 jobs), state government (approximately 200 jobs), federal government (approximately 100 jobs), and other services (approximately 100 jobs).

Detailed covered employment and wages data for First Quarter 2015 are scheduled to be released on November 13, 2015.

 


Wyoming Average Monthly Employment, Total Payroll, and Average Weekly Wage for Fourth Quarter by County, 2013 and 2014a

             Average Monthly Employment                    Total Payroll                                                Average Weekly Wage
County            Fourth Quarter        Change                  Fourth Quarter                     Change               Fourth Quarter   Change
                   2013      2014        n       %                2013               2014               $        %     2013    2014      $       %
Total           280,701   285,127     4,426     1.6     $3,344,359,716     $3,528,773,837     $184,414,121      5.5    $916    $952     $36     3.9

Albany           15,671    15,528      -144    -0.9       $147,364,841       $147,957,333         $592,492      0.4    $723    $733     $10     1.3
Big Horn          4,255     4,390       135     3.2        $44,081,678        $46,553,359       $2,471,681      5.6    $797    $816     $19     2.4
Campbell         27,777    28,800     1,022     3.7       $405,490,524       $439,360,641      $33,870,117      8.4  $1,123  $1,174     $51     4.5
Carbon            7,287     7,272       -14    -0.2        $84,927,122        $84,844,334         -$82,788     -0.1    $897    $897      $1     0.1
Converse          6,253     6,646       393     6.3        $76,553,297        $87,825,233      $11,271,936     14.7    $942  $1,016     $75     7.9
Crook             2,298     2,323        25     1.1        $22,290,355        $23,458,766       $1,168,411      5.2    $746    $777     $31     4.1
Fremont          16,755    16,677       -78    -0.5       $175,141,667       $181,014,563       $5,872,896      3.4    $804    $835     $31     3.8
Goshen            4,752     4,570      -182    -3.8        $41,474,474        $41,420,601         -$53,873     -0.1    $671    $697     $26     3.9
Hot Springs       2,087     2,049       -37    -1.8        $20,359,372        $20,871,262         $511,890      2.5    $751    $783     $33     4.4
Johnson           3,347     3,384        37     1.1        $31,602,633        $33,780,318       $2,177,685      6.9    $726    $768     $41     5.7
Laramie          45,650    46,325       675     1.5       $491,794,772       $517,002,212      $25,207,440      5.1    $829    $858     $30     3.6
Lincoln           5,674     5,855       181     3.2        $65,236,309        $67,310,734       $2,074,425      3.2    $884    $884      $0     0.0
Natrona          42,234    43,332     1,098     2.6       $557,887,029       $609,019,215      $51,132,186      9.2  $1,016  $1,081     $65     6.4
Niobrara          1,007       949       -57    -5.7         $9,755,712         $8,362,000      -$1,393,712    -14.3    $745    $678    -$68    -9.1
Park             13,167    13,391       224     1.7       $132,119,963       $140,457,533       $8,337,570      6.3    $772    $807     $35     4.5
Platte            3,426     3,507        82     2.4        $33,779,471        $36,613,719       $2,834,248      8.4    $759    $803     $44     5.9
Sheridan         13,152    13,403       251     1.9       $133,359,502       $139,821,279       $6,461,777      4.8    $780    $802     $22     2.9
Sublette          5,127     4,901      -226    -4.4        $78,823,154        $77,672,654      -$1,150,500     -1.5  $1,183  $1,219     $36     3.1
Sweetwater       24,559    24,253      -306    -1.2       $356,511,516       $362,084,014       $5,572,498      1.6  $1,117  $1,148     $32     2.8
Teton            17,091    17,655       564     3.3       $190,809,478       $224,904,749      $34,095,271     17.9    $859    $980    $121    14.1
Uinta             8,862     8,985       123     1.4       $124,434,132       $100,868,254     -$23,565,878    -18.9  $1,080    $864   -$217   -20.1
Washakie          3,839     3,863        24     0.6        $38,709,333        $40,560,911       $1,851,578      4.8    $776    $808     $32     4.1
Weston            2,364     2,358        -6    -0.2        $21,707,795        $22,601,918         $894,123      4.1    $706    $737     $31     4.4
Nonclassified     4,067     4,709       642    15.8        $60,145,587        $74,408,235      $14,262,648     23.7  $1,138  $1,216     $78     6.9

a preliminary.
b The employer may be located statewide or in more than one county.
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: April 2015.

Wyoming Department of Workforce Services
Research & Planning

August 14, 2015

Contacts:
David Bullard, Senior Economist, 307-473-3810
Carola Cowan, BLS Programs Supervisor, 307-473-3804




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