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

Wyoming Unemployment Falls to 3.9% in March

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 4.0% in February to 3.9% in March, which was its lowest level in three years. Wyoming’s unemployment rate was slightly lower than the current U.S. unemployment rate of 4.1%.

From February to March, most county unemployment rates held steady or decreased slightly. It is normal for unemployment rates to fall in March, as employment tends to increase in construction, government, and other sectors. The largest decreases were seen in Johnson (down from 4.9% to 4.3%), Natrona (down from 5.0% to 4.7%), and Laramie (down from 4.1% to 3.8%) counties. Unemployment rates rose slightly in Albany (up from 2.8% to 3.0%) and Weston (up from 3.7% to 3.9%) counties.

From March 2017 to March 2018, unemployment rates fell in 21 counties and rose in two counties. The largest decreases occurred in Sublette (down from 5.8% to 4.1%), Campbell (down from 5.7% to 4.2%), and Natrona (down from 6.0% to 4.7%) counties. Small unemployment rate increases were seen in Washakie (up from 4.7% to 5.2%) and Sheridan (up from 4.7% to 5.0%) counties.

Fremont County reported the highest unemployment rate in March at 5.5%. It was followed by Park (5.2%), Washakie (5.2%), and Sheridan (5.0%) counties. The lowest unemployment rates were found in Teton (2.5%), Niobrara (2.5%), Goshen (2.9%), and Albany (3.0%) counties.

Total nonfarm employment (not seasonally adjusted and measured by place of work) rose from 274,900 in March 2017 to 278,200 in March 2018, an increase of 3,300 jobs (or 1.2%; not a statistically significant change).

Research & Planning has scheduled the April employment news release for May 22, 2018.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                           Change
                                                                                  Month                    Year
                                   March-18  February-18     March-17     absolute     percent    absolute     percent
Total Civilian Labor Force          291,065      291,482      294,530        -417       -0.1%      -3,465       -1.2%
Employed                            279,847      279,930      281,799         -83        0.0%      -1,952       -0.7%
Unemployed                           11,218       11,552       12,731        -334       -2.9%      -1,513      -11.9%
Unemployment Rate                       3.9          4.0          4.3

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 March 2018


   County                              Rate*
Niobrara County, WY                     2.5
Teton County, WY                        2.5
Goshen County, WY                       2.9
Albany County, WY                       3.0
Crook County, WY                        3.6
Converse County, WY                     3.8
Laramie County, WY                      3.8
Weston County, WY                       3.9
Carbon County, WY                       4.0
Hot Springs County, WY                  4.0
Sublette County, WY                     4.1
Campbell County, WY                     4.2
Lincoln County, WY                      4.2
Sweetwater County, WY                   4.2
Wyoming                                 4.2
Johnson County, WY                      4.3
Platte County, WY                       4.3
Uinta County, WY                        4.5
Natrona County, WY                      4.7
Big Horn County, WY                     4.8
Sheridan County, WY                     5.0
Park County, WY                         5.2
Washakie County, WY                     5.2
Fremont County, WY                      5.5

*preliminary



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

                                 Month ago                Over-the-Month Over-the-Month
    County                         rate          Rate*      Rate Change   Percent Change
Johnson County, WY                  4.9           4.3          -0.6        -12.2%
Laramie County, WY                  4.1           3.8          -0.3         -7.3%
Natrona County, WY                  5.0           4.7          -0.3         -6.0%
Big Horn County, WY                 5.0           4.8          -0.2         -4.0%
Crook County, WY                    3.8           3.6          -0.2         -5.3%
Fremont County, WY                  5.7           5.5          -0.2         -3.5%
Niobrara County, WY                 2.7           2.5          -0.2         -7.4%
Sheridan County, WY                 5.2           5.0          -0.2         -3.8%
Campbell County, WY                 4.3           4.2          -0.1         -2.3%
Hot Springs County, WY              4.1           4.0          -0.1         -2.4%
Park County, WY                     5.3           5.2          -0.1         -1.9%
Platte County, WY                   4.4           4.3          -0.1         -2.3%
Uinta County, WY                    4.6           4.5          -0.1         -2.2%
Wyoming                             4.3           4.2          -0.1         -2.3%
Carbon County, WY                   4.0           4.0           0.0          0.0%
Goshen County, WY                   2.9           2.9           0.0          0.0%
Lincoln County, WY                  4.2           4.2           0.0          0.0%
Sublette County, WY                 4.1           4.1           0.0          0.0%
Sweetwater County, WY               4.2           4.2           0.0          0.0%
Converse County, WY                 3.7           3.8           0.1          2.7%
Teton County, WY                    2.4           2.5           0.1          4.2%
Washakie County, WY                 5.1           5.2           0.1          2.0%
Albany County, WY                   2.8           3.0           0.2          7.1%
Weston County, WY                   3.7           3.9           0.2          5.4%

*preliminary




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for March 2018
 
                                  Year ago                    Over-the-Year   Over-the-Year
   County                           Rate           Rate*       Rate Change    Percent Change
Sublette County, WY                  5.8            4.1           -1.7         -29.3%
Campbell County, WY                  5.7            4.2           -1.5         -26.3%
Natrona County, WY                   6.0            4.7           -1.3         -21.7%
Converse County, WY                  5.0            3.8           -1.2         -24.0%
Crook County, WY                     4.8            3.6           -1.2         -25.0%
Niobrara County, WY                  3.7            2.5           -1.2         -32.4%
Johnson County, WY                   5.4            4.3           -1.1         -20.4%
Carbon County, WY                    5.0            4.0           -1.0         -20.0%
Fremont County, WY                   6.5            5.5           -1.0         -15.4%
Sweetwater County, WY                5.2            4.2           -1.0         -19.2%
Uinta County, WY                     5.5            4.5           -1.0         -18.2%
Weston County, WY                    4.8            3.9           -0.9         -18.8%
Wyoming                              4.9            4.2           -0.7         -14.3%
Hot Springs County, WY               4.6            4.0           -0.6         -13.0%
Laramie County, WY                   4.1            3.8           -0.3          -7.3%
Lincoln County, WY                   4.5            4.2           -0.3          -6.7%
Park County, WY                      5.5            5.2           -0.3          -5.5%
Platte County, WY                    4.6            4.3           -0.3          -6.5%
Teton County, WY                     2.8            2.5           -0.3         -10.7%
Albany County, WY                    3.1            3.0           -0.1          -3.2%
Big Horn County, WY                  4.9            4.8           -0.1          -2.0%
Goshen County, WY                    3.0            2.9           -0.1          -3.3%
Sheridan County, WY                  4.7            5.0            0.3           6.4%
Washakie County, WY                  4.7            5.2            0.5          10.6%

*preliminary


Wyoming Department of Workforce Services
Research & Planning

April 24, 2018

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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