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

Wyoming Unemployment Rate Falls to 4.7% in February 2017

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell slightly from 4.8% in January to 4.7% in February (not a statistically significant change). Wyoming’s unemployment rate was significantly lower than its February 2016 level of 5.3%. Seasonally adjusted employment of Wyoming residents increased slightly from January to February, rising by an estimated 1,214 individuals (0.4%; not a statistically significant change).

From January to February, most county unemployment rates followed their normal seasonal pattern and decreased slightly. The largest decreases occurred in Johnson (down from 6.5% to 5.6%), Natrona (down from 7.6% to 6.8%), Campbell (down from 6.7% to 6.0%), and Big Horn (down from 5.4% to 4.7%) counties. Niobrara County’s unemployment was unchanged from January to February at 3.3%.

From February 2016 to February 2017, unemployment rates fell in 22 counties and rose slightly in Weston County (up from 4.2% to 4.7%). The largest decreases were seen in Johnson (down from 7.3% to 5.6%), Sublette (down from 7.4% to 5.8%), Fremont (down from 8.5% to 6.9%), and Big Horn (down from 6.2% to 4.7%) counties.

Fremont County (6.9%) posted the highest unemployment rate in February. It was followed by Natrona (6.8%), Campbell (6.0%), and Sublette (5.8%) counties. The lowest unemployment rates were found in Teton (2.8%), Goshen (2.8%), and Albany (2.8%) counties.

The estimate of total nonfarm jobs (not seasonally adjusted and measured by place of work) fell from 277,500 in February 2016 to 270,600 in February 2017, a decrease of 6,900 jobs (or –2.5%; a statistically significant decrease).

Research & Planning has scheduled the March employment news release for April 25, 2017.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                          Change
                                                                                Month                    Year
                                 February-17   January-17  February-16   absolute     percent    absolute     percent
Total Civilian Labor Force          303,146      302,196      303,253         950        0.3%        -107        0.0%
Employed                            288,827      287,613      287,102       1,214        0.4%       1,725        0.6%
Unemployed                           14,319       14,583       16,151        -264       -1.8%      -1,832      -11.3%
Unemployment Rate                       4.7          4.8          5.3

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, February 2017


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        268,852                    270,600              1,748        0.6%
Natural Resources & Mining            17,282                     18,700              1,418        7.6%
Construction                          17,363                     18,700              1,337        7.1%
Manufacturing                          8,848                      9,100                252        2.8%
Wholesale Trade                        8,094                      8,100                  6        0.1%
Retail Trade                          29,408                     29,700                292        1.0%
Transportation & Utilities            13,989                     14,300                311        2.2%
Information                            3,661                      3,700                 39        1.1%
Financial Activities                  10,530                     10,200               -330       -3.2%
Professional & Business Services      16,768                     16,400               -368       -2.2%
Educational & Health Services         28,051                     28,000                -51       -0.2%
Leisure & Hospitality                 32,656                     31,900               -756       -2.4%
Other Services                        10,804                     10,900                 96        0.9%
Government                            71,398                     70,900               -498       -0.7%


Projections were run in February 2017 and based on QCEW data through September 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 February 2017

    
   County                               Rate*
Albany County, WY                        2.8
Goshen County, WY                        2.8
Teton County, WY                         2.8
Niobrara County, WY                      3.3
Laramie County, WY                       4.1
Lincoln County, WY                       4.6
Platte County, WY                        4.6
Big Horn County, WY                      4.7
Crook County, WY                         4.7
Hot Springs County, WY                   4.7
Weston County, WY                        4.7
Carbon County, WY                        4.8
Washakie County, WY                      4.9
Sheridan County, WY                      5.0
Wyoming                                  5.1
Converse County, WY                      5.3
Johnson County, WY                       5.6
Sweetwater County, WY                    5.6
Park County, WY                          5.7
Uinta County, WY                         5.7
Sublette County, WY                      5.8
Campbell County, WY                      6.0
Natrona County, WY                       6.8
Fremont County, WY                       6.9

*preliminary




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

                               Month ago 	                  Over-the-Month    Over-the-Month
    County                        rate               Rate*          Rate Change     Percent Change
Johnson County, WY                 6.5                5.6               -0.9             -13.8%
Natrona County, WY                 7.6                6.8               -0.8             -10.5%
Big Horn County, WY                5.4                4.7               -0.7             -13.0%
Campbell County, WY                6.7                6.0               -0.7             -10.4%
Albany County, WY                  3.4                2.8               -0.6             -17.6%
Fremont County, WY                 7.5                6.9               -0.6              -8.0%
Sheridan County, WY                5.6                5.0               -0.6             -10.7%
Converse County, WY                5.8                5.3               -0.5              -8.6%
Goshen County, WY                  3.3                2.8               -0.5             -15.2%
Laramie County, WY                 4.6                4.1               -0.5             -10.9%
Park County, WY                    6.2                5.7               -0.5              -8.1%
Sweetwater County, WY              6.1                5.6               -0.5              -8.2%
Wyoming                            5.6                5.1               -0.5              -8.9%
Uinta County, WY                   6.1                5.7               -0.4              -6.6%
Crook County, WY                   5.0                4.7               -0.3              -6.0%
Hot Springs County, WY             5.0                4.7               -0.3              -6.0%
Platte County, WY                  4.9                4.6               -0.3              -6.1%
Sublette County, WY                6.1                5.8               -0.3              -4.9%
Weston County, WY                  5.0                4.7               -0.3              -6.0%
Lincoln County, WY                 4.8                4.6               -0.2              -4.2%
Teton County, WY                   3.0                2.8               -0.2              -6.7%
Carbon County, WY                  4.9                4.8               -0.1              -2.0%
Washakie County, WY                5.0                4.9               -0.1              -2.0%
Niobrara County, WY                3.3                3.3                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 February 2017
                                         Year ago                            Over-the-Year         Over-the-Year
   County                                  Rate              Rate*            Rate Change          Percent Change
Johnson County, WY                          7.3                5.6                 -1.7               -23.3%
Fremont County, WY                          8.5                6.9                 -1.6               -18.8%
Sublette County, WY                         7.4                5.8                 -1.6               -21.6%
Big Horn County, WY                         6.2                4.7                 -1.5               -24.2%
Carbon County, WY                           6.2                4.8                 -1.4               -22.6%
Lincoln County, WY                          6.0                4.6                 -1.4               -23.3%
Platte County, WY                           6.0                4.6                 -1.4               -23.3%
Sheridan County, WY                         6.1                5.0                 -1.1               -18.0%
Washakie County, WY                         6.0                4.9                 -1.1               -18.3%
Goshen County, WY                           3.8                2.8                 -1.0               -26.3%
Hot Springs County, WY                      5.7                4.7                 -1.0               -17.5%
Converse County, WY                         6.2                5.3                 -0.9               -14.5%
Wyoming                                     5.9                5.1                 -0.8               -13.6%
Natrona County, WY                          7.5                6.8                 -0.7                -9.3%
Park County, WY                             6.4                5.7                 -0.7               -10.9%
Campbell County, WY                         6.6                6.0                 -0.6                -9.1%
Laramie County, WY                          4.7                4.1                 -0.6               -12.8%
Sweetwater County, WY                       6.2                5.6                 -0.6                -9.7%
Albany County, WY                           3.3                2.8                 -0.5               -15.2%
Uinta County, WY                            6.2                5.7                 -0.5                -8.1%
Crook County, WY                            5.1                4.7                 -0.4                -7.8%
Niobrara County, WY                         3.5                3.3                 -0.2                -5.7%
Teton County, WY                            3.0                2.8                 -0.2                -6.7%
Weston County, WY                           4.2                4.7                  0.5                11.9%

*preliminary






Wyoming Department of Workforce Services
Research & Planning

March 28, 2017

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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