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

Wyoming Unemployment Rises to 3.9% in August

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate increased from 3.8% in July to 3.9% in August. Wyoming’s unemployment rate has remained between 3.7% and 4.2% in each of the past 17 months. The state’s labor force decreased by an estimated 6,869 individuals (–2.3%) from August 2017 to 2018, suggesting that workers may be moving to other states or dropping out of the labor force.

From July to August, most county unemployment rates followed their normal seasonal pattern and decreased. The largest decreases occurred in Platte (down from 3.8% to 3.3%), Goshen (down from 3.9% to 3.4%), Weston (down from 3.6% to 3.2%), and Albany (down from 3.9% to 3.5%) counties.

From August 2017 to August 2018, unemployment rates increased in 14 counties and decreased in eight counties. Carbon County’s unemployment rate remained the same at 3.3%. The largest increases occurred in Albany (up from 2.8% to 3.5%), Niobrara (up from 2.4% to 3.0%), and Goshen (up from 2.9% to 3.4%) counties. Unemployment rates fell in Converse (down from 4.1% to 3.6%), Campbell (down from 4.4% to 4.0%), Weston (down from 3.5% to 3.2%), and Hot Springs (down from 3.3% to 3.0%) counties.

Teton County posted the lowest unemployment rate in August at 1.9%. The next lowest rates were found in Crook (2.9%), Niobrara (3.0%), and Hot Springs (3.0%) counties. The highest jobless rates occurred in Fremont (4.7%), Natrona (4.3%), and Campbell (4.0%) counties.

Total nonfarm employment (not seasonally adjusted and measured by place of work) rose from 288,700 in August 2017 to 297,100 in August 2018, an increase of 8,400 jobs (or 2.9%).

Research & Planning has scheduled the September employment news release for October 23, 2018.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                             Change
                                                                                  Month                    Year
                                  August-18      July-18    August-17     absolute     percent    absolute     percent
Total Civilian Labor Force          285,748      286,745      292,617        -997       -0.3%      -6,869       -2.3%
Employed                            274,494      275,765      280,643      -1,271       -0.5%      -6,149       -2.2%
Unemployed                           11,254       10,980       11,974         274        2.5%        -720       -6.0%
Unemployment Rate                       3.9          3.8          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.



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 August 2018


     County                           Rate*
Teton County, WY                       1.9
Crook County, WY                       2.9
Hot Springs County, WY                 3.0
Niobrara County, WY                    3.0
Lincoln County, WY                     3.1
Weston County, WY                      3.2
Carbon County, WY                      3.3
Park County, WY                        3.3
Platte County, WY                      3.3
Sheridan County, WY                    3.3
Goshen County, WY                      3.4
Johnson County, WY                     3.4
Sublette County, WY                    3.4
Albany County, WY                      3.5
Converse County, WY                    3.6
Washakie County, WY                    3.6
Wyoming                                3.6
Laramie County, WY                     3.7
Big Horn County, WY                    3.9
Sweetwater County, WY                  3.9
Uinta County, WY                       3.9
Campbell County, WY                    4.0
Natrona County, WY                     4.3
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 August 2018

                             Month ago            Over-the-Month Over-the-Month
    County                     rate        Rate*    Rate Change  Percent Change
Goshen County, WY               3.9         3.4        -0.5      -12.8%
Platte County, WY               3.8         3.3        -0.5      -13.2%
Albany County, WY               3.9         3.5        -0.4      -10.3%
Weston County, WY               3.6         3.2        -0.4      -11.1%
Big Horn County, WY             4.2         3.9        -0.3       -7.1%
Fremont County, WY              5.0         4.7        -0.3       -6.0%
Hot Springs County, WY          3.3         3.0        -0.3       -9.1%
Uinta County, WY                4.2         3.9        -0.3       -7.1%
Sheridan County, WY             3.5         3.3        -0.2       -5.7%
Sweetwater County, WY           4.1         3.9        -0.2       -4.9%
Washakie County, WY             3.8         3.6        -0.2       -5.3%
Wyoming                         3.8         3.6        -0.2       -5.3%
Campbell County, WY             4.1         4.0        -0.1       -2.4%
Carbon County, WY               3.4         3.3        -0.1       -2.9%
Converse County, WY             3.7         3.6        -0.1       -2.7%
Crook County, WY                3.0         2.9        -0.1       -3.3%
Johnson County, WY              3.5         3.4        -0.1       -2.9%
Lincoln County, WY              3.2         3.1        -0.1       -3.1%
Natrona County, WY              4.4         4.3        -0.1       -2.3%
Niobrara County, WY             3.1         3.0        -0.1       -3.2%
Laramie County, WY              3.7         3.7         0.0        0.0%
Park County, WY                 3.3         3.3         0.0        0.0%
Sublette County, WY             3.4         3.4         0.0        0.0%
Teton County, WY                1.9         1.9         0.0        0.0%

*preliminary






Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for August 2018
 
                                 Year ago                        Over-the-Year     Over-the-Year
   County                         Rate              Rate*         Rate Change     Percent Change
Converse County, WY                4.1               3.6              -0.5            -12.2%
Campbell County, WY                4.4               4.0              -0.4             -9.1%
Hot Springs County,                3.3               3.0              -0.3             -9.1%
Weston County, WY                  3.5               3.2              -0.3             -8.6%
Fremont County, WY                 4.9               4.7              -0.2             -4.1%
Natrona County, WY                 4.5               4.3              -0.2             -4.4%
Platte County, WY                  3.5               3.3              -0.2             -5.7%
Sweetwater County, W               4.0               3.9              -0.1             -2.5%
Carbon County, WY                  3.3               3.3               0.0              0.0%
Wyoming                            3.6               3.6               0.0              0.0%
Lincoln County, WY                 3.0               3.1               0.1              3.3%
Sheridan County, WY                3.2               3.3               0.1              3.1%
Sublette County, WY                3.3               3.4               0.1              3.0%
Uinta County, WY                   3.8               3.9               0.1              2.6%
Crook County, WY                   2.7               2.9               0.2              7.4%
Teton County, WY                   1.7               1.9               0.2             11.8%
Washakie County, WY                3.4               3.6               0.2              5.9%
Johnson County, WY                 3.1               3.4               0.3              9.7%
Laramie County, WY                 3.4               3.7               0.3              8.8%
Park County, WY                    3.0               3.3               0.3             10.0%
Big Horn County, WY                3.5               3.9               0.4             11.4%
Goshen County, WY                  2.9               3.4               0.5             17.2%
Niobrara County, WY                2.4               3.0               0.6             25.0%
Albany County, WY                  2.8               3.5               0.7             25.0%

*preliminary



Wyoming Department of Workforce Services
Research & Planning

September 25, 2018

Contacts:

David Bullard, Senior Economist, 307-473-3810

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



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