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

Wyoming Unemployment Falls to 3.7% in May

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 3.8% in April to 3.7% in May. Wyoming’s unemployment rate is lower than its May 2017 level of 4.0% and slightly lower than the current U.S. unemployment rate of 3.8%. Seasonally adjusted employment of Wyoming residents decreased significantly from April to May, falling by an estimated 932 individuals (-0.3%).

From April to May, most county unemployment rates decreased. Unemployment rates usually fall in May as warmer spring weather brings job gains in construction, leisure & hospitality, and government. The largest decreases in unemployment were seen in Teton (down from 5.1% to 4.0%), Johnson (down from 4.1% to 3.4%), Park (down from 4.5% to 3.9%), Lincoln (down from 4.2% to 3.6%), and Hot Springs (down from 4.0% to 3.4%) counties.

From May 2017 to May 2018, unemployment rates fell in 13 counties, rose in 9 counties, and remained unchanged in Niobrara County (2.5%). The largest decreases occurred in Campbell (down from 4.8% to 3.8%), Sublette (down from 4.3% to 3.7%), Natrona (down from 5.0% to 4.4%), and Converse (down from 4.0% to 3.4%) counties. Unemployment increased in Goshen (up from 2.6% to 3.4%), Albany (up from 2.6% to 3.0%), and Big Horn (up from 4.1% to 4.5%) counties.

Total nonfarm employment (not seasonally adjusted and measured by place of work) rose from 283,000 in May 2017 to 287,200 in May 2018, an increase of 4,200 jobs (or 1.5%; not a statistically significant change).

Research & Planning has scheduled the June employment news release for July 24, 2018.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                           Change
                                                                                 Month                    Year
                                     May-18     April-18       May-17     absolute     percent    absolute     percent
Total Civilian Labor Force          289,252      290,322      293,264      -1,070       -0.4%      -4,012       -1.4%
Employed                            278,422      279,354      281,445        -932       -0.3%      -3,023       -1.1%
Unemployed                           10,830       10,968       11,819        -138       -1.3%        -989       -8.4%
Unemployment Rate                       3.7          3.8          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 May 2018


   County                       Rate*
Niobrara County, WY              2.5
Albany County, WY                3.0
Crook County, WY                 3.2
Platte County, WY                3.2
Weston County, WY                3.3
Converse County, WY              3.4
Goshen County, WY                3.4
Hot Springs County, WY           3.4
Johnson County, WY               3.4
Carbon County, WY                3.5
Sheridan County, WY              3.5
Laramie County, WY               3.6
Lincoln County, WY               3.6
Sublette County, WY              3.7
Campbell County, WY              3.8
Wyoming                          3.8
Park County, WY                  3.9
Sweetwater County, WY            3.9
Teton County, WY                 4.0
Uinta County, WY                 4.1
Washakie County, WY              4.2
Natrona County, WY               4.4
Big Horn County, WY              4.5
Fremont County, WY               4.7

*preliminary




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

                                      Month ago       Over-the-Month    Over-the-Month
    County                              rate               Rate*          Rate Change   Percent Change
Teton County, WY                         5.1                4.0               -1.1         -21.6%
Johnson County, WY                       4.1                3.4               -0.7         -17.1%
Hot Springs County, WY                   4.0                3.4               -0.6         -15.0%
Lincoln County, WY                       4.2                3.6               -0.6         -14.3%
Park County, WY                          4.5                3.9               -0.6         -13.3%
Sheridan County, WY                      4.0                3.5               -0.5         -12.5%
Big Horn County, WY                      4.7                4.5               -0.2          -4.3%
Fremont County, WY                       4.9                4.7               -0.2          -4.1%
Platte County, WY                        3.4                3.2               -0.2          -5.9%
Sublette County, WY                      3.9                3.7               -0.2          -5.1%
Uinta County, WY                         4.3                4.1               -0.2          -4.7%
Weston County, WY                        3.5                3.3               -0.2          -5.7%
Campbell County, WY                      3.9                3.8               -0.1          -2.6%
Carbon County, WY                        3.6                3.5               -0.1          -2.8%
Converse County, WY                      3.5                3.4               -0.1          -2.9%
Washakie County, WY                      4.3                4.2               -0.1          -2.3%
Wyoming                                  3.9                3.8               -0.1          -2.6%
Crook County, WY                         3.2                3.2                0.0           0.0%
Sweetwater County, WY                    3.9                3.9                0.0           0.0%
Natrona County, WY                       4.3                4.4                0.1           2.3%
Albany County, WY                        2.8                3.0                0.2           7.1%
Laramie County, WY                       3.4                3.6                0.2           5.9%
Niobrara County, WY                      2.3                2.5                0.2           8.7%
Goshen County, WY                        3.1                3.4                0.3           9.7%

*preliminary




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for May 2018
 
                                        Year ago                         Over-the-Year   Over-the-Year
   County                                 Rate             Rate*          Rate Change    Percent Change
Campbell County, WY                        4.8              3.8               -1.0          -20.8%
Converse County, WY                        4.0              3.4               -0.6          -15.0%
Natrona County, WY                         5.0              4.4               -0.6          -12.0%
Sublette County, WY                        4.3              3.7               -0.6          -14.0%
Hot Springs County, WY                     3.9              3.4               -0.5          -12.8%
Fremont County, WY                         5.1              4.7               -0.4           -7.8%
Johnson County, WY                         3.8              3.4               -0.4          -10.5%
Weston County, WY                          3.7              3.3               -0.4          -10.8%
Carbon County, WY                          3.7              3.5               -0.2           -5.4%
Sweetwater County, WY                      4.1              3.9               -0.2           -4.9%
Crook County, WY                           3.3              3.2               -0.1           -3.0%
Platte County, WY                          3.3              3.2               -0.1           -3.0%
Uinta County, WY                           4.2              4.1               -0.1           -2.4%
Wyoming                                    3.9              3.8               -0.1           -2.6%
Niobrara County, WY                        2.5              2.5                0.0            0.0%
Lincoln County, WY                         3.5              3.6                0.1            2.9%
Sheridan County, WY                        3.4              3.5                0.1            2.9%
Washakie County, WY                        4.1              4.2                0.1            2.4%
Laramie County, WY                         3.4              3.6                0.2            5.9%
Park County, WY                            3.7              3.9                0.2            5.4%
Teton County, WY                           3.7              4.0                0.3            8.1%
Albany County, WY                          2.6              3.0                0.4           15.4%
Big Horn County, WY                        4.1              4.5                0.4            9.8%
Goshen County, WY                          2.6              3.4                0.8           30.8%

*preliminary


Wyoming Department of Workforce Services
Research & Planning

June 19, 2018

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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