© Copyright 2018 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Unchanged at 3.7% in June

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate was 3.7% in June, unchanged from May. Wyoming’s unemployment rate was lower than both its June 2017 level of 4.0% and the current U.S. unemployment rate of 4.0%. Seasonally adjusted employment of Wyoming residents decreased significantly from May to June, falling by an estimated 1,356 individuals (-0.5%).

From May to June, almost all county unemployment rates increased. Unemployment rates sometimes rise in June as young people get out of school and start looking for work. The largest increases occurred in Albany (up from 2.9% to 4.1%), Goshen (up from 3.1% to 3.9%), and Niobrara (up from 2.5% to 3.3%) counties.

From June 2017 to June 2018, unemployment rates rose in 15 counties, fell in seven counties, and remained unchanged in Carbon County. The largest increases were seen in Albany (up from 3.2% to 4.1%), Goshen (up from 3.1% to 3.9%), and Lincoln (up from 3.2% to 3.6%) counties. Unemployment rates decreased in energy producing counties, with Campbell County’s rate falling from 5.1% to 4.3%, Natrona County’s rate falling from 5.1% to 4.7%, and Converse County’s rate falling from 4.2% to 3.8%.

In June, Teton County posted the lowest unemployment rate at 2.4%. It was followed by Crook County (3.1%), Niobrara County (3.3%), and Johnson County (3.5%).The highest unemployment rates were found in Fremont (5.2%), Natrona (4.7%), and Uinta (4.5%) counties.

Total nonfarm employment (not seasonally adjusted and measured by place of work) rose significantly from 289,000 in June 2017 to 296,200 in June 2018, an increase of 7,200 jobs (or 2.5%).

Research & Planning has scheduled the July employment news release for August 21, 2018.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                          Change
                                                                                 Month                    Year
                                    June-18       May-18      June-17     absolute     percent    absolute     percent
Total Civilian Labor Force          287,880      289,195      292,932      -1,315       -0.5%      -5,052       -1.7%
Employed                            277,095      278,451      281,224      -1,356       -0.5%      -4,129       -1.5%
Unemployed                           10,785       10,744       11,708          41        0.4%        -923       -7.9%
Unemployment Rate                       3.7          3.7          4.0


Definitions:
Employed All persons who, during the reference week, did any work at all as paid employees, worked in their own business, profession, or on their own farm, or worked 15 hours or more as unpaid workers in a family business.
Unemployed All persons who had no employment during the reference week, were available for work, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week.
Labor Force All persons who meet the criteria given above as either employed or unemployed.
Unemployment Rate The number of unemployed as a percent of the labor force.
Seasonal Adjustment A statistical procedure to remove the impact of normal regularly recurring events (such as weather, major holidays, and the opening and closing of schools) from economic time series to better understand changes in economic conditions from month to month.



Note Regarding Tables 1-3 Below

Not seasonally adjusted data reflect the actual economic conditions in a given area for a given time period. These data show the normal seasonal changes that occur in the economy. Most county unemployment rates are higher in the winter months because of seasonal job losses in construction, leisure & hospitality, and many other sectors. Similarly, most county unemployment rates are lower in the summer months as employment increases across the economy. Data users should use caution when comparing not seasonally adjusted data for different months, as at least part of the difference between months may reflect normal seasonal patterns.

In contrast, seasonally adjusted data have been subjected to a statistical procedure to remove the effects of normal changes that occur in the economy each year, such as seasonal hiring in the construction sector, the opening and closing of schools, and holiday hiring by retail trade establishments. There is no expectation that seasonally adjusted unemployment rates will be higher or lower in any particular month, except as the economy expands or contracts. The value of seasonally adjusted data is that it is easy to identify longer-term trends in the data and valid comparisons can be made between any two months in the series.

Research & Planning works in cooperation with the Bureau of Labor Statistics to develop and publish unemployment rates for each county in Wyoming. However, these data are not seasonally adjusted and therefore reflect seasonal changes each month.


Table 1: Wyoming counties not seasonally adjusted unemployment
rates ranked from lowest to highest for June 2018


   County                   Rate*
Teton County, WY             2.4
Crook County, WY             3.1
Niobrara County, WY          3.3
Johnson County, WY           3.5
Carbon County, WY            3.6
Lincoln County, WY           3.6
Converse County, WY          3.8
Park County, WY              3.8
Platte County, WY            3.8
Sheridan County, WY          3.8
Sublette County, WY          3.8
Weston County, WY            3.8
Goshen County, WY            3.9
Hot Springs County, WY       3.9
Laramie County, WY           4.0
Albany County, WY            4.1
Wyoming                      4.1
Big Horn County, WY          4.3
Campbell County, WY          4.3
Sweetwater County, WY        4.3
Washakie County, WY          4.3
Uinta County, WY             4.5
Natrona County, WY           4.7
Fremont County, WY           5.2

*preliminary


*preliminary




Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for June 2018

                                  Month ago                   Over-the-Month   Over-the-Month
    County                           rate           Rate*       Rate Change    Percent Change
Teton County, WY                     3.6             2.4            -1.2          -33.3%
Big Horn County, WY                  4.2             4.3             0.1            2.4%
Crook County, WY                     3.0             3.1             0.1            3.3%
Park County, WY                      3.7             3.8             0.1            2.7%
Sublette County, WY                  3.7             3.8             0.1            2.7%
Johnson County, WY                   3.3             3.5             0.2            6.1%
Lincoln County, WY                   3.4             3.6             0.2            5.9%
Carbon County, WY                    3.3             3.6             0.3            9.1%
Sheridan County, WY                  3.4             3.8             0.4           11.8%
Washakie County, WY                  3.9             4.3             0.4           10.3%
Converse County, WY                  3.3             3.8             0.5           15.2%
Hot Springs County, WY               3.4             3.9             0.5           14.7%
Natrona County, WY                   4.2             4.7             0.5           11.9%
Sweetwater County, WY                3.8             4.3             0.5           13.2%
Wyoming                              3.6             4.1             0.5           13.9%
Campbell County, WY                  3.7             4.3             0.6           16.2%
Laramie County, WY                   3.4             4.0             0.6           17.6%
Platte County, WY                    3.2             3.8             0.6           18.8%
Uinta County, WY                     3.9             4.5             0.6           15.4%
Fremont County, WY                   4.5             5.2             0.7           15.6%
Weston County, WY                    3.1             3.8             0.7           22.6%
Goshen County, WY                    3.1             3.9             0.8           25.8%
Niobrara County, WY                  2.5             3.3             0.8           32.0%
Albany County, WY                    2.9             4.1             1.2           41.4%

*preliminary





Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for June 2018
 
                                  Year ago                     Over-the-Year    Over-the-Year
   County                           Rate            Rate*       Rate Change    Percent Change
Campbell County, WY                  5.1             4.3            -0.8          -15.7%
Converse County, WY                  4.2             3.8            -0.4           -9.5%
Natrona County, WY                   5.1             4.7            -0.4           -7.8%
Fremont County, WY                   5.4             5.2            -0.2           -3.7%
Johnson County, WY                   3.7             3.5            -0.2           -5.4%
Sweetwater County, WY                4.5             4.3            -0.2           -4.4%
Sublette County, WY                  3.9             3.8            -0.1           -2.6%
Carbon County, WY                    3.6             3.6             0.0            0.0%
Crook County, WY                     3.0             3.1             0.1            3.3%
Niobrara County, WY                  3.2             3.3             0.1            3.1%
Weston County, WY                    3.7             3.8             0.1            2.7%
Wyoming                              4.0             4.1             0.1            2.5%
Hot Springs County, WY               3.7             3.9             0.2            5.4%
Sheridan County, WY                  3.6             3.8             0.2            5.6%
Teton County, WY                     2.2             2.4             0.2            9.1%
Uinta County, WY                     4.3             4.5             0.2            4.7%
Washakie County, WY                  4.1             4.3             0.2            4.9%
Big Horn County, WY                  4.0             4.3             0.3            7.5%
Laramie County, WY                   3.7             4.0             0.3            8.1%
Park County, WY                      3.5             3.8             0.3            8.6%
Platte County, WY                    3.5             3.8             0.3            8.6%
Lincoln County, WY                   3.2             3.6             0.4           12.5%
Goshen County, WY                    3.1             3.9             0.8           25.8%
Albany County, WY                    3.2             4.1             0.9           28.1%

*preliminary


Wyoming Department of Workforce Services
Research & Planning

July 24, 2018

Contacts:

David Bullard, Senior Economist, 307-473-3810

Carola Cowan, BLS Programs Supervisor, 307-473-3804


Labor Market Information | Send Us Mail