© Copyright 2017 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Rate Falls to 4.3% in April 2017

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell significantly from 4.5% in March to 4.3% in April. Wyoming’s unemployment rate was also significantly lower than its April 2016 level of 5.6%. Seasonally adjusted employment of Wyoming residents decreased slightly from March to April, falling by an estimated 509 individuals (-0.2%).

From March to April, most county unemployment rates followed their normal seasonal pattern and decreased. Seasonal job gains are often seen in April, as employment grows in construction, retail trade, and professional & business services. The largest unemployment rate decreases occurred in Johnson (down from 5.4% to 4.3%), Park (down from 5.4% to 4.4%), Weston (down from 4.8% to 3.9%), Uinta (down from 5.5% to 4.6%), and Sublette (down from 5.6% to 4.7%) counties. Teton County’s unemployment rate rose from 2.8% in March to 4.9% in April as the end of the ski season resulted in job losses.

From April 2016 to April 2017, unemployment rates fell in all of Wyoming’s 23 counties. However, labor force also fell in 13 counties, suggesting that some of the people who were unemployed in April 2016 have left the state or dropped out of the labor force. The largest unemployment rate decreases occurred in Sublette (down from 8.1% to 4.7%), Campbell (down from 8.4% to 5.1%), Converse (down from 6.9% to 4.3%), and Natrona (down from 7.8% to 5.5%) counties.

In April 2017, the highest unemployment rates were found in Fremont and Natrona counties (both 5.5%). The lowest rates occurred in Albany (2.6%), Goshen (2.7%), and Niobrara (2.8%) counties.

The estimate of total nonfarm jobs (not seasonally adjusted and measured by place of work) fell from 278,200 in April 2016 to 271,800 in April 2017, a decrease of 6,400 jobs (or –2.3%; a statistically significant decrease).

Research & Planning has scheduled the May employment news release for June 20, 2017.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates 
                                                                                            Change
                                                                                  Month                    Year
                                   April-17     March-17     April-16     absolute     percent    absolute     percent
Total Civilian Labor Force          302,194      303,601      303,236      -1,407       -0.5%      -1,042       -0.3%
Employed                            289,329      289,838      286,201        -509       -0.2%       3,128        1.1%
Unemployed                           12,865       13,763       17,035        -898       -6.5%      -4,170      -24.5%
Unemployment Rate                       4.3          4.5          5.6

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 2017


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        271,699                    271,800                101         0.0%
Natural Resources & Mining            17,719                     19,000              1,281         6.7%
Construction                          19,255                     20,400              1,145         5.6%
Manufacturing                          8,792                      9,000                208         2.3%
Wholesale Trade                        8,063                      7,900               -163        -2.1%
Retail Trade                          29,065                     29,500                435         1.5%
Transportation & Utilities            14,259                     14,000               -259        -1.9%
Information                            3,654                      3,700                 46         1.2%
Financial Activities                  10,707                     10,300               -407        -4.0%
Professional & Business Services      17,688                     16,800               -888        -5.3%
Educational & Health Services         27,991                     28,000                  9         0.0%
Leisure & Hospitality                 32,198                     31,100             -1,098        -3.5%
Other Services                        10,867                     11,000                133         1.2%
Government                            71,441                     71,100               -341        -0.5%


Projections were run in May 2017 and based on QCEW data through December 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 April 2017

    
   County                             Rate*
Albany County, WY                      2.6
Goshen County, WY                      2.7
Niobrara County, WY                    2.8
Laramie County, WY                     3.4
Platte County, WY                      3.6
Crook County, WY                       3.8
Sheridan County, WY                    3.8
Hot Springs County, WY                 3.9
Weston County, WY                      3.9
Carbon County, WY                      4.1
Lincoln County, WY                     4.1
Big Horn County, WY                    4.2
Converse County, WY                    4.3
Johnson County, WY                     4.3
Wyoming                                4.3
Park County, WY                        4.4
Sweetwater County, WY                  4.4
Washakie County, WY                    4.5
Uinta County, WY                       4.6
Sublette County, WY                    4.7
Teton County, WY                       4.9
Campbell County, WY                    5.1
Fremont County, WY                     5.5
Natrona County, WY                     5.5

*preliminary




Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for April 2017

                                 Month ago 	                 Over-the-Month   Over-the-Month
    County                         rate             Rate*         Rate Change     Percent Change
Johnson County, WY                  5.4               4.3              -1.1            -20.4%
Park County, WY                     5.4               4.4              -1.0            -18.5%
Fremont County, WY                  6.4               5.5              -0.9            -14.1%
Platte County, WY                   4.5               3.6              -0.9            -20.0%
Sheridan County, WY                 4.7               3.8              -0.9            -19.1%
Sublette County, WY                 5.6               4.7              -0.9            -16.1%
Uinta County, WY                    5.5               4.6              -0.9            -16.4%
Weston County, WY                   4.8               3.9              -0.9            -18.8%
Crook County, WY                    4.6               3.8              -0.8            -17.4%
Niobrara County, WY                 3.6               2.8              -0.8            -22.2%
Sweetwater County, WY               5.2               4.4              -0.8            -15.4%
Converse County, WY                 5.0               4.3              -0.7            -14.0%
Campbell County, WY                 5.7               5.1              -0.6            -10.5%
Carbon County, WY                   4.7               4.1              -0.6            -12.8%
Laramie County, WY                  4.0               3.4              -0.6            -15.0%
Natrona County, WY                  6.1               5.5              -0.6             -9.8%
Albany County, WY                   3.1               2.6              -0.5            -16.1%
Big Horn County, WY                 4.7               4.2              -0.5            -10.6%
Hot Springs County, W               4.4               3.9              -0.5            -11.4%
Wyoming                             4.8               4.3              -0.5            -10.4%
Lincoln County, WY                  4.5               4.1              -0.4             -8.9%
Goshen County, WY                   3.0               2.7              -0.3            -10.0%
Washakie County, WY                 4.6               4.5              -0.1             -2.2%
Teton County, WY                    2.8               4.9               2.1             75.0%


*preliminary







Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent 
changes ranked from lowest to highest for April 2017

                                  Year ago                       Over-the-Year   Over-the-Year
   County                          Rate             Rate*         Rate Change    Percent Change
Sublette County, WY                 8.1               4.7              -3.4            -42.0%
Campbell County, WY                 8.4               5.1              -3.3            -39.3%
Converse County, WY                 6.9               4.3              -2.6            -37.7%
Natrona County, WY                  7.8               5.5              -2.3            -29.5%
Fremont County, WY                  7.7               5.5              -2.2            -28.6%
Sweetwater County, WY               6.6               4.4              -2.2            -33.3%
Weston County, WY                   6.0               3.9              -2.1            -35.0%
Johnson County, WY                  6.2               4.3              -1.9            -30.6%
Uinta County, WY                    6.4               4.6              -1.8            -28.1%
Teton County, WY                    6.6               4.9              -1.7            -25.8%
Wyoming                             5.9               4.3              -1.6            -27.1%
Crook County, WY                    5.3               3.8              -1.5            -28.3%
Platte County, WY                   5.1               3.6              -1.5            -29.4%
Big Horn County, WY                 5.6               4.2              -1.4            -25.0%
Lincoln County, WY                  5.5               4.1              -1.4            -25.5%
Carbon County, WY                   5.3               4.1              -1.2            -22.6%
Hot Springs County, W               5.1               3.9              -1.2            -23.5%
Sheridan County, WY                 4.9               3.8              -1.1            -22.4%
Goshen County, WY                   3.7               2.7              -1.0            -27.0%
Park County, WY                     5.2               4.4              -0.8            -15.4%
Washakie County, WY                 5.3               4.5              -0.8            -15.1%
Laramie County, WY                  4.1               3.4              -0.7            -17.1%
Albany County, WY                   3.1               2.6              -0.5            -16.1%
Niobrara County, WY                 3.1               2.8              -0.3             -9.7%

*preliminary






Wyoming Department of Workforce Services
Research & Planning

May 23, 2017

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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