© Copyright 2016 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Rate Rises to 5.6% in May 2016

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate rose slightly from 5.5% in April to 5.6% in May (not a statistically significant change). Wyoming’s unemployment rate was significantly higher than its May 2015 level of 4.2% and significantly higher than the current U.S. unemployment rate of 4.7%.

From April to May, most county unemployment rates followed their normal seasonal pattern and decreased. Warmer weather in May usually brings job gains in many sectors, such as construction, retail trade, professional & business services, and leisure & hospitality. The largest unemployment rate decreases occurred in Teton (down from 6.4% to 4.6%), Sublette (down from 7.2% to 6.1%), Johnson (down from 6.0% to 5.1%), and Park (down from 5.1% to 4.3%) counties.

From May 2015 to May 2016, unemployment rates rose in nearly every county. Teton County was the exception; its unemployment rate fell from 4.7% to 4.6%. The largest unemployment rate increases were seen in Campbell (up from 3.8% to 8.0%), Natrona (up from 4.8% to 7.5%), Converse (up from 3.7% to 6.3%), Weston (up from 3.4% to 5.8%), and Fremont (up from 5.2% to 7.2%) counties.

Albany County had the lowest unemployment rate (2.9%) in May. It was followed by Niobrara (3.1%), Goshen (3.5%), and Laramie (4.0%) counties. The highest rates were reported in Campbell (8.0%), Natrona (7.5%), and Fremont (7.2%) counties.

Total nonfarm employment (measured by place of work) fell from 292,200 in May 2015 to 282,700 in May 2016, a decrease of 9,500 jobs (or –3.3%; a statistically significant decrease).

Research & Planning has scheduled the June employment news release for July 26, 2016.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                         Change
                                                                                Month                    Year
                                     May-16     April-16       May-16     absolute     percent    absolute     percent
Total Civilian Labor Force          299,782      300,413      306,740        -631       -0.2%      -6,958       -2.3%
Employed                            282,895      283,939      293,919      -1,044       -0.4%     -11,024       -3.8%
Unemployed                           16,887       16,474       12,821         413        2.5%       4,066       31.7%
Unemployment Rate                       5.6          5.5          4.2


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.


Current Employment Statistics (CES) Estimates and Research & Planning's Short-Term Projections, May 2016


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        284,781                    282,700             -2,081        -0.7%
Natural Resources & Mining            19,179                     19,000               -179        -0.9%
Construction                          22,864                     22,400               -464        -2.1%
Manufacturing                          9,372                      9,500                128         1.3%
Wholesale Trade                        9,100                      8,400               -700        -8.3%
Retail Trade                          30,590                     30,900                310         1.0%
Transportation & Utilities            15,105                     14,300               -805        -5.6%
Information                            3,697                      3,700                  3         0.1%
Financial Activities                  10,776                     10,400               -376        -3.6%
Professional & Business Services      18,204                     18,800                596         3.2%
Educational & Health Services         27,406                     27,800                394         1.4%
Leisure & Hospitality                 34,971                     33,600             -1,371        -4.1%
Other Services                         9,884                     10,300                416         4.0%
Government                            73,633                     73,600                -33         0.0%


Projections were run in May 2016 and based on QCEW data through December 2015.


For an explanation of the table shown above, please see New Monthly Feature in Trends: Comparison of Current Employment Statistics (CES) Estimates to Short-Term Employment Projections



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 May 2016

   County                        Rate*
Albany County, WY                 2.9
Niobrara County, WY               3.1
Goshen County, WY                 3.5
Laramie County, WY                4.0
Platte County, WY                 4.2
Park County, WY                   4.3
Sheridan County, WY               4.4
Carbon County, WY                 4.5
Washakie County, WY               4.5
Lincoln County, WY                4.6
Teton County, WY                  4.6
Big Horn County, WY               4.7
Hot Springs County, WY            4.8
Crook County, WY                  5.1
Johnson County, WY                5.1
Wyoming                           5.4
Weston County, WY                 5.8
Uinta County, WY                  6.0
Sublette County, WY               6.1
Converse County, WY               6.3
Sweetwater County, WY             6.3
Fremont County, WY                7.2
Natrona County, WY                7.5
Campbell County, WY               8.0


*preliminary



Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for May 2016

                                Month ago 		     Over-the-Month    Over-the-Month
    County                        rate             Rate*       Rate Change     Percent Change
Teton County, WY                   6.4              4.6            -1.8          -28.1%
Sublette County, WY                7.2              6.1            -1.1          -15.3%
Johnson County, WY                 6.0              5.1            -0.9          -15.0%
Lincoln County, WY                 5.4              4.6            -0.8          -14.8%
Park County, WY                    5.1              4.3            -0.8          -15.7%
Big Horn County, WY                5.4              4.7            -0.7          -13.0%
Washakie County, WY                5.2              4.5            -0.7          -13.5%
Carbon County, WY                  5.1              4.5            -0.6          -11.8%
Platte County, WY                  4.8              4.2            -0.6          -12.5%
Sheridan County, WY                4.8              4.4            -0.4           -8.3%
Wyoming                            5.8              5.4            -0.4           -6.9%
Uinta County, WY                   6.3              6.0            -0.3           -4.8%
Converse County, WY                6.5              6.3            -0.2           -3.1%
Fremont County, WY                 7.4              7.2            -0.2           -2.7%
Hot Springs County, W              5.0              4.8            -0.2           -4.0%
Albany County, WY                  3.0              2.9            -0.1           -3.3%
Crook County, WY                   5.2              5.1            -0.1           -1.9%
Goshen County, WY                  3.6              3.5            -0.1           -2.8%
Sweetwater County, WY              6.4              6.3            -0.1           -1.6%
Weston County, WY                  5.9              5.8            -0.1           -1.7%
Campbell County, WY                8.0              8.0             0.0            0.0%
Laramie County, WY                 4.0              4.0             0.0            0.0%
Natrona County, WY                 7.5              7.5             0.0            0.0%
Niobrara County, WY                3.1              3.1             0.0            0.0%


*preliminary




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent 
changes ranked from lowest to highest for May 2016
                                       Year ago                    Over-the-Year     Over-the-Year
   County                                Rate         Rate*         Rate Change      Percent Change
Teton County, WY                          4.7          4.6             -0.1               -2.1%
Albany County, WY                         2.8          2.9              0.1                3.6%
Goshen County, WY                         3.2          3.5              0.3                9.4%
Johnson County, WY                        4.8          5.1              0.3                6.3%
Lincoln County, WY                        4.3          4.6              0.3                7.0%
Laramie County, WY                        3.6          4.0              0.4               11.1%
Park County, WY                           3.8          4.3              0.5               13.2%
Washakie County, WY                       4.0          4.5              0.5               12.5%
Sheridan County, WY                       3.8          4.4              0.6               15.8%
Niobrara County, WY                       2.4          3.1              0.7               29.2%
Big Horn County, WY                       3.9          4.7              0.8               20.5%
Platte County, WY                         3.3          4.2              0.9               27.3%
Hot Springs County, WY                    3.8          4.8              1.0               26.3%
Carbon County, WY                         3.4          4.5              1.1               32.4%
Sublette County, WY                       5.0          6.1              1.1               22.0%
Uinta County, WY                          4.8          6.0              1.2               25.0%
Wyoming                                   4.1          5.4              1.3               31.7%
Crook County, WY                          3.4          5.1              1.7               50.0%
Sweetwater County, WY                     4.6          6.3              1.7               37.0%
Fremont County, WY                        5.2          7.2              2.0               38.5%
Weston County, WY                         3.4          5.8              2.4               70.6%
Converse County, WY                       3.7          6.3              2.6               70.3%
Natrona County, WY                        4.8          7.5              2.7               56.3%
Campbell County, WY                       3.8          8.0              4.2              110.5%


*preliminary



Wyoming Department of Workforce Services
Research & Planning

June 21, 2016

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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