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

Wyoming Unemployment Rate Unchanged at 5.7% in July 2016

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate was unchanged from June to July at 5.7%. Wyoming’s unemployment rate was significantly higher than its July 2015 level of 4.3% and significantly higher than the current U.S. unemployment rate of 4.9%. Seasonally adjusting state unemployment rates allows for comparability across all states and with the U.S.

On the other hand, Wyoming experienced its normal over the month unemployment rate decrease. Employment often increases in July in many industry sectors including leisure & hospitality, construction, and professional & business services. The largest unemployment rate decreases were seen in Lincoln (down from 4.5% to 3.9%), Big Horn (down from 5.3% to 4.7%), Weston (down from 5.8% to 5.3%), Uinta (down from 6.2% to 5.7%), and Teton (down from 2.6% to 2.1%) counties. Niobrara County’s unemployment rate rose very slightly from 3.4% to 3.5% and Sublette County’s unemployment rate was unchanged at 5.7%.

From July 2015 to July 2016, unemployment rates rose in most counties. The two exceptions were Teton County, where unemployment fell from 2.2% to 2.1% and Lincoln County where unemployment was unchanged from a year earlier (3.9%). The largest increases occurred in Campbell (up from 3.8% to 7.5%) and Converse (up from 3.4% to 6.5%) counties.

In July 2016, eight counties had unemployment rates that were higher than the statewide not seasonally adjusted average of 5.2% and 15 counties had lower unemployment rates. The highest unemployment rates were found in Campbell (7.5%), Natrona (7.3%), Fremont (7.1%), and Converse (6.5%) counties. The lowest unemployment rates were reported in Teton (2.1%), Niobrara (3.5%), Goshen (3.5%), and Albany (3.5%) counties.

Total nonfarm employment (not seasonally adjusted and measured by place of work) fell from 297,200 in July 2015 to 288,900 in July 2016, a decrease of 8,300 jobs (or –2.8%; a statistically significant decrease).

Research & Planning has scheduled the August employment news release for September 20, 2016.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                          Change
                                                                               Month                    Year
                                    July-16      June-16      July-15     absolute     percent    absolute     percent
Total Civilian Labor Force          299,081      299,512      306,276        -431       -0.1%      -7,195       -2.3%
Employed                            282,156      282,462      293,208        -306       -0.1%     -11,052       -3.8%
Unemployed                           16,925       17,050       13,068        -125       -0.7%       3,857       29.5%
Unemployment Rate                       5.7          5.7          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.


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


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        288,798                    288,900               102         0.0%
Natural Resources & Mining            18,482                     18,900               418         2.2%
Construction                          23,922                     23,000              -922        -4.0%
Manufacturing                          9,393                      9,800               407         4.2%
Wholesale Trade                        8,837                      8,200              -637        -7.8%
Retail Trade                          32,319                     32,200              -119        -0.4%
Transportation & Utilities            14,455                     14,300              -155        -1.1%
Information                            3,830                      3,600              -230        -6.4%
Financial Activities                  11,023                     10,800              -223        -2.1%
Professional & Business Services      18,788                     19,400               612         3.2%
Educational & Health Services         26,715                     27,000               285         1.1%
Leisure & Hospitality                 42,358                     43,400             1,042         2.4%
Other Services                        10,049                     10,500               451         4.3%
Government                            68,627                     67,800              -827        -1.2%


Projections were run in August 2016 and based on QCEW data through March 2016.


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 July 2016

     County                      Rate*  
Teton County, WY                  2.1
Albany County, WY                 3.5
Goshen County, WY                 3.5
Niobrara County, WY               3.5
Park County, WY                   3.8
Lincoln County, WY                3.9
Laramie County, WY                4.0
Carbon County, WY                 4.1
Sheridan County, WY               4.1
Crook County, WY                  4.4
Washakie County, WY               4.6
Big Horn County, WY               4.7
Hot Springs County, WY            4.7
Johnson County, WY                4.7
Platte County, WY                 4.8
Wyoming                           5.2
Weston County, WY                 5.3
Sublette County, WY               5.7
Uinta County, WY                  5.7
Sweetwater County, WY             6.3
Converse County, WY               6.5
Fremont County, WY                7.1
Natrona County, WY                7.3
Campbell County, WY               7.5


*preliminary




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

                               Month ago 		Over-the-Month  Over-the-Month
    County                       rate        Rate*       Rate Change    Percent Change
Big Horn County, WY               5.3         4.7           -0.6          -11.3%
Lincoln County, WY                4.5         3.9           -0.6          -13.3%
Albany County, WY                 4.0         3.5           -0.5          -12.5%
Laramie County, WY                4.5         4.0           -0.5          -11.1%
Natrona County, WY                7.8         7.3           -0.5           -6.4%
Park County, WY                   4.3         3.8           -0.5          -11.6%
Sweetwater County, WY             6.8         6.3           -0.5           -7.4%
Teton County, WY                  2.6         2.1           -0.5          -19.2%
Uinta County, WY                  6.2         5.7           -0.5           -8.1%
Weston County, WY                 5.8         5.3           -0.5           -8.6%
Campbell County, WY               7.9         7.5           -0.4           -5.1%
Crook County, WY                  4.8         4.4           -0.4           -8.3%
Hot Springs County, WY            5.1         4.7           -0.4           -7.8%
Sheridan County, WY               4.5         4.1           -0.4           -8.9%
Wyoming                           5.6         5.2           -0.4           -7.1%
Carbon County, WY                 4.4         4.1           -0.3           -6.8%
Converse County, WY               6.8         6.5           -0.3           -4.4%
Goshen County, WY                 3.7         3.5           -0.2           -5.4%
Platte County, WY                 5.0         4.8           -0.2           -4.0%
Washakie County, WY               4.8         4.6           -0.2           -4.2%
Fremont County, WY                7.2         7.1           -0.1           -1.4%
Johnson County, WY                4.8         4.7           -0.1           -2.1%
Sublette County, WY               5.7         5.7            0.0            0.0%
Niobrara County, WY               3.4         3.5            0.1            2.9%

*preliminary





Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent 
changes ranked from lowest to highest for July 2016
                                              Year ago                                Over-the-Year         Over-the-Year
   County                                       Rate               Rate*               Rate Change          Percent Change
Teton County, WY                                 2.2                2.1                    -0.1                   -4.5%
Lincoln County, WY                               3.9                3.9                     0.0                    0.0%
Albany County, WY                                3.2                3.5                     0.3                    9.4%
Goshen County, WY                                3.1                3.5                     0.4                   12.9%
Niobrara County, WY                              3.1                3.5                     0.4                   12.9%
Johnson County, WY                               4.2                4.7                     0.5                   11.9%
Laramie County, WY                               3.5                4.0                     0.5                   14.3%
Park County, WY                                  3.3                3.8                     0.5                   15.2%
Sheridan County, WY                              3.6                4.1                     0.5                   13.9%
Big Horn County, WY                              4.1                4.7                     0.6                   14.6%
Washakie County, WY                              3.8                4.6                     0.8                   21.1%
Carbon County, WY                                3.1                4.1                     1.0                   32.3%
Hot Springs County, WY                           3.6                4.7                     1.1                   30.6%
Sublette County, WY                              4.6                5.7                     1.1                   23.9%
Uinta County, WY                                 4.6                5.7                     1.1                   23.9%
Platte County, WY                                3.6                4.8                     1.2                   33.3%
Wyoming                                          3.9                5.2                     1.3                   33.3%
Crook County, WY                                 2.9                4.4                     1.5                   51.7%
Fremont County, WY                               5.4                7.1                     1.7                   31.5%
Sweetwater County, WY                            4.6                6.3                     1.7                   37.0%
Weston County, WY                                3.0                5.3                     2.3                   76.7%
Natrona County, WY                               4.8                7.3                     2.5                   52.1%
Converse County, WY                              3.4                6.5                     3.1                   91.2%
Campbell County, WY                              3.8                7.5                     3.7                   97.4%


*preliminary



Wyoming Department of Workforce Services
Research & Planning

August 23, 2016

Contact:

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


Labor Market Information | Send Us Mail