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

Wyoming Unemployment Steady at 4.1% in October

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate remained unchanged from September to October at 4.1%. Wyoming’s unemployment rate is slightly lower than its year-ago level of 4.2%, but higher than the current U.S. rate of 3.7%.

At the county level, most unemployment rates remained fairly stable from September to October. Small decreases were seen in Platte (down from 3.4% to 2.8%), Niobrara (down from 3.1% to 2.5%), Sweetwater (down from 4.0% to 3.5%), and Converse (down from 3.6% to 3.1%) counties, while Teton County’s unemployment rate rose slightly from 2.2% to 2.6%.

Unemployment rates were lower than a year ago in most Wyoming counties. The largest decreases occurred in Converse (down from 3.9% to 3.1%), Weston (down from 3.6% to 3.1%), Sweetwater (down from 4.0% to 3.5%), and Platte (down from 3.3% to 2.8%) counties. Unemployment rates rose modestly in Big Horn (up from 3.5% to 3.8%), Albany (up from 2.7% to 2.9%), Goshen (up from 2.6% to 2.8%), and Niobrara (up from 2.3% to 2.5%) counties.

Niobrara County had the lowest unemployment rate at 2.5% in October. It was followed by Teton County at 2.6%, and Platte, Goshen, and Crook counties, all at 2.8%. The highest unemployment rates were reported in Fremont County at 4.4% and Natrona County at 4.2%.

Total nonfarm employment (not seasonally adjusted and measured by place of work) increased from 284,400 in October 2017 to 290,800 in October 2018, a gain of 6,400 jobs (or 2.3%).

Research & Planning has scheduled the November employment news release for December 21, 2018.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                            Change
                                                                                  Month                    Year
                                  October-18 September-18   October-18    absolute     percent    absolute     percent
Total Civilian Labor Force          285,519      285,315      292,348         204        0.1%      -6,829       -2.3%
Employed                            273,794      273,722      280,189          72        0.0%      -6,395       -2.3%
Unemployed                           11,725       11,593       12,159         132        1.1%        -434       -3.6%
Unemployment Rate                       4.1          4.1          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.



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 October 2018

    County			      Rate*
Niobrara County, WY                    2.5
Teton County, WY                       2.6
Crook County, WY                       2.8
Goshen County, WY                      2.8
Platte County, WY                      2.8
Albany County, WY                      2.9
Lincoln County, WY                     3.0
Converse County, WY                    3.1
Hot Springs County, WY                 3.1
Weston County, WY                      3.1
Sheridan County, WY                    3.2
Washakie County, WY                    3.2
Carbon County, WY                      3.4
Johnson County, WY                     3.5
Laramie County, WY                     3.5
Sweetwater County, WY                  3.5
Wyoming                                3.5
Sublette County, WY                    3.6
Campbell County, WY                    3.7
Park County, WY                        3.7
Big Horn County, WY                    3.8
Uinta County, WY                       3.8
Natrona County, WY                     4.2
Fremont County, WY                     4.4

*preliminary



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

                                   Month ago          Over-the-Month Over-the-Month
    County                            rate      Rate*  Rate Change  Percent Change
Niobrara County, WY            	      3.1        2.5       -0.6     -19.4%
Platte County, WY                     3.4        2.8       -0.6     -17.6%
Converse County, WY                   3.6        3.1       -0.5     -13.9%
Sweetwater County, WY                 4.0        3.5       -0.5     -12.5%
Washakie County, WY                   3.6        3.2       -0.4     -11.1%
Albany County, WY                     3.2        2.9       -0.3      -9.4%
Campbell County, WY                   4.0        3.7       -0.3      -7.5%
Natrona County, WY                    4.5        4.2       -0.3      -6.7%
Sheridan County, WY                   3.5        3.2       -0.3      -8.6%
Uinta County, WY                      4.1        3.8       -0.3      -7.3%
Weston County, WY                     3.4        3.1       -0.3      -8.8%
Big Horn County, WY                   4.0        3.8       -0.2      -5.0%
Goshen County, WY                     3.0        2.8       -0.2      -6.7%
Laramie County, WY                    3.7        3.5       -0.2      -5.4%
Lincoln County, WY                    3.2        3.0       -0.2      -6.3%
Sublette County, WY                   3.8        3.6       -0.2      -5.3%
Wyoming                               3.7        3.5       -0.2      -5.4%
Crook County, WY                      2.9        2.8       -0.1      -3.4%
Fremont County, WY                    4.5        4.4       -0.1      -2.2%
Hot Springs County, WY                3.2        3.1       -0.1      -3.1%
Carbon County, WY                     3.3        3.4        0.1       3.0%
Johnson County, WY                    3.4        3.5        0.1       2.9%
Park County, WY                       3.5        3.7        0.2       5.7%
Teton County, WY                      2.2        2.6        0.4      18.2%

*preliminary






Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for October 2018
 
                                           Year ago                  Over-the-Year   Over-the-Year
   County                                    Rate           Rate*     Rate Change   Percent Change
Converse County, WY                           3.9            3.1           -0.8         -20.5%
Platte County, WY                             3.3            2.8           -0.5         -15.2%
Sweetwater County, WY                         4.0            3.5           -0.5         -12.5%
Weston County, WY                             3.6            3.1           -0.5         -13.9%
Campbell County, WY                           4.1            3.7           -0.4          -9.8%
Teton County, WY                              3.0            2.6           -0.4         -13.3%
Natrona County, WY                            4.5            4.2           -0.3          -6.7%
Fremont County, WY                            4.6            4.4           -0.2          -4.3%
Hot Springs County, WY                        3.3            3.1           -0.2          -6.1%
Lincoln County, WY                            3.2            3.0           -0.2          -6.3%
Sheridan County, WY                           3.4            3.2           -0.2          -5.9%
Washakie County, WY                           3.4            3.2           -0.2          -5.9%
Wyoming                                       3.7            3.5           -0.2          -5.4%
Carbon County, WY                             3.5            3.4           -0.1          -2.9%
Crook County, WY                              2.9            2.8           -0.1          -3.4%
Johnson County, WY                            3.6            3.5           -0.1          -2.8%
Laramie County, WY                            3.5            3.5            0.0           0.0%
Sublette County, WY                           3.6            3.6            0.0           0.0%
Uinta County, WY                              3.8            3.8            0.0           0.0%
Park County, WY                               3.6            3.7            0.1           2.8%
Albany County, WY                             2.7            2.9            0.2           7.4%
Goshen County, WY                             2.6            2.8            0.2           7.7%
Niobrara County, WY                           2.3            2.5            0.2           8.7%
Big Horn County, WY                           3.5            3.8            0.3           8.6%

*preliminary



Wyoming Department of Workforce Services
Research & Planning

November 20, 2018

Contacts:

David Bullard, Senior Economist, 307-473-3810

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



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