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

Wyoming Unemployment Rate Rises to 5.5% in April 2016

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate increased significantly from 5.2% in March to 5.5% in April. Wyoming’s unemployment rate was considerably higher than its April 2015 level of 4.1% (a statistically significant increase) and higher than the current U.S. unemployment rate of 5.0%.

From March to April, unemployment rates fell in 17 counties and rose in six counties. The largest increases occurred in Teton (up from 3.5% to 6.4%), Weston (up from 4.6% to 5.8%), and Campbell (up from 7.1% to 7.9%) counties. Unemployment usually increases in Teton County in April as the ski season has ended but the summer tourist season has not started. The largest decreases were seen in Sheridan (down from 5.6% to 4.7%), Platte (down from 5.4% to 4.8%), and Park (down from 5.7% to 5.1%) counties.

From April 2015 to April 2016, unemployment rates increased in 22 counties and fell in Teton County (down from 6.7% to 6.4%). Large increases were seen in Campbell (up from 3.6% to 7.9%), Converse (up from 3.4% to 6.5%), Natrona (up from 4.6% to 7.5%), and Fremont (up from 5.1% to 7.4%) counties.

In April, Campbell County posted the highest unemployment rate (7.9%). It was followed by Natrona (7.5%), Fremont (7.4%), and Sublette (7.2%) counties. The lowest unemployment rates were found in Albany (3.0%), Niobrara (3.1%), and Goshen (3.6%) counties.

Total nonfarm employment (measured by place of work) fell from 286,700 in April 2015 to 275,100 in April 2016, a decrease of 11,600 jobs (or –4.0%; a statistically significant decrease).

Research & Planning has scheduled the May employment news release for June 21, 2016.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                           Change
                                                                                Month                    Year
                                   April-16     March-16     April-15    absolute     percent    absolute     percent
Total Civilian Labor Force          300,342      301,120      306,747        -778       -0.3%      -6,405       -2.1%
Employed                            283,891      285,417      294,260      -1,526       -0.5%     -10,369       -3.5%
Unemployed                           16,451       15,703       12,487         748        4.8%       3,964       31.7%
Unemployment Rate                       5.5          5.2          4.1


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, April 2016


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        278,111                    275,100             -3,011        -1.1%
Natural Resources & Mining            19,281                     19,100               -181        -0.9%
Construction                          21,293                     20,600               -693        -3.4%
Manufacturing                          9,273                      9,400                127         1.4%
Wholesale Trade                        9,140                      8,500               -640        -7.5%
Retail Trade                          29,900                     30,100                200         0.7%
Transportation & Utilities            15,023                     14,500               -523        -3.6%
Information                            3,657                      3,600                -57        -1.6%
Financial Activities                  10,756                     10,600               -156        -1.5%
Professional & Business Services      17,686                     18,100                414         2.3%
Educational & Health Services         27,435                     27,700                265         1.0%
Leisure & Hospitality                 32,475                     30,200             -2,275        -7.5%
Other Services                         9,784                     10,000                216         2.2%
Government                            72,408                     72,700                292         0.4%


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 April 2016

   County                              Rate*
Albany County, WY                      3.0
Niobrara County, WY                    3.1
Goshen County, WY                      3.6
Laramie County, WY                     4.0
Sheridan County, WY                    4.7
Platte County, WY                      4.8
Hot Springs County, WY                 4.9
Carbon County, WY                      5.1
Crook County, WY                       5.1
Park County, WY                        5.1
Washakie County, WY                    5.2
Big Horn County, WY                    5.4
Lincoln County, WY                     5.4
Wyoming                                5.7
Weston County, WY                      5.8
Johnson County, WY                     6.0
Uinta County, WY                       6.3
Sweetwater County, WY                  6.4
Teton County, WY                       6.4
Converse County, WY                    6.5
Sublette County, WY                    7.2
Fremont County, WY                     7.4
Natrona County, WY                     7.5
Campbell County, WY                    7.9

*preliminary



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

                                      Month ago 		   Over-the-Month       Over-the-Month
          County                        rate           Rate*         Rate Change	Percent Change
Sheridan County, WY                      5.6            4.7              -0.9               -16.1%
Park County, WY                          5.7            5.1              -0.6               -10.5%
Platte County, WY                        5.4            4.8              -0.6               -11.1%
Big Horn County, WY                      5.9            5.4              -0.5                -8.5%
Carbon County, WY                        5.6            5.1              -0.5                -8.9%
Johnson County, WY                       6.5            6.0              -0.5                -7.7%
Washakie County, WY                      5.7            5.2              -0.5                -8.8%
Fremont County, WY                       7.8            7.4              -0.4                -5.1%
Laramie County, WY                       4.4            4.0              -0.4                -9.1%
Lincoln County, WY                       5.8            5.4              -0.4                -6.9%
Hot Springs County,                      5.2            4.9              -0.3                -5.8%
Niobrara County, WY                      3.4            3.1              -0.3                -8.8%
Sublette County, WY                      7.5            7.2              -0.3                -4.0%
Uinta County, WY                         6.6            6.3              -0.3                -4.5%
Albany County, WY                        3.2            3.0              -0.2                -6.3%
Crook County, WY                         5.2            5.1              -0.1                -1.9%
Goshen County, WY                        3.7            3.6              -0.1                -2.7%
Wyoming                                  5.7            5.7               0.0                 0.0%
Natrona County, WY                       7.4            7.5               0.1                 1.4%
Sweetwater County, W                     6.2            6.4               0.2                 3.2%
Converse County, WY                      6.2            6.5               0.3                 4.8%
Campbell County, WY                      7.1            7.9               0.8                11.3%
Weston County, WY                        4.6            5.8               1.2                26.1%
Teton County, WY                         3.5            6.4               2.9                82.9%


*preliminary




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent 
changes ranked from lowest to highest for April 2016
                                Year ago                                 Over-the-Year     Over-the-Year
   County                        Rate               Rate*                 Rate Change      Percent Change
Teton County, WY                  6.7                6.4                     -0.3                -4.5%
Albany County, WY                 2.6                3.0                      0.4                15.4%
Goshen County, WY                 3.2                3.6                      0.4                12.5%
Hot Springs County,               4.5                4.9                      0.4                 8.9%
Laramie County, WY                3.5                4.0                      0.5                14.3%
Niobrara County, WY               2.5                3.1                      0.6                24.0%
Johnson County, WY                5.3                6.0                      0.7                13.2%
Lincoln County, WY                4.7                5.4                      0.7                14.9%
Sheridan County, WY               4.0                4.7                      0.7                17.5%
Park County, WY                   4.3                5.1                      0.8                18.6%
Washakie County, WY               4.1                5.2                      1.1                26.8%
Big Horn County, WY               4.1                5.4                      1.3                31.7%
Uinta County, WY                  5.0                6.3                      1.3                26.0%
Carbon County, WY                 3.7                5.1                      1.4                37.8%
Platte County, WY                 3.2                4.8                      1.6                50.0%
Sublette County, WY               5.6                7.2                      1.6                28.6%
Wyoming                           4.1                5.7                      1.6                39.0%
Crook County, WY                  3.4                5.1                      1.7                50.0%
Sweetwater County, W              4.4                6.4                      2.0                45.5%
Fremont County, WY                5.1                7.4                      2.3                45.1%
Weston County, WY                 3.5                5.8                      2.3                65.7%
Natrona County, WY                4.6                7.5                      2.9                63.0%
Converse County, WY               3.4                6.5                      3.1                91.2%
Campbell County, WY               3.6                7.9                      4.3               119.4%


*preliminary



Wyoming Department of Workforce Services
Research & Planning

May 24, 2016

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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