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

Wyoming Unemployment Rises to 3.8% in July

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate increased slightly from 3.7% in June to 3.8% in July (not a statistically significant change). Wyoming’s labor force (the sum of employed and unemployed individuals) fell by 5,984 people (-2.0%) from July 2017 to July 2018, a statistically significant decrease. A decreasing labor force suggests that individuals may be moving to other states or giving up their job search.

From June to July, most county unemployment rates followed their normal seasonal pattern and decreased. Unemployment rates often fall in July as seasonal job gains are seen in leisure & hospitality, construction, professional & business services, and other sectors. The largest decreases in unemployment occurred in Hot Springs (down from 3.9% to 3.3%), Teton (down from 2.4% to 1.9%), and Park (down from 3.8% to 3.3%) counties.

From July 2017 to July 2018, unemployment rates increased in 15 counties and decreased or remained unchanged in eight counties. The largest increases were seen in Albany (up from 2.9% to 3.9%), Goshen (up from 3.0% to 3.9%), and Big Horn (up from 3.6% to 4.2%) counties. Unemployment rates fell in Converse (down from 4.3% to 3.7%), Campbell (down from 4.6% to 4.1%), Natrona (down from 4.8% to 4.4%), and Sweetwater (down from 4.4% to 4.1%) counties.

In July, the lowest unemployment rates were found in Teton (1.9%), Crook (3.0%), and Niobrara (3.1%) counties. The highest rates were reported in Fremont (5.1%), Natrona (4.4%), Big Horn (4.2%), and Uinta (4.2%) counties.

Total nonfarm employment (not seasonally adjusted and measured by place of work) rose significantly from 288,300 in July 2017 to 296,600 in July 2018, an increase of 8,300 jobs (or 2.9%).

Research & Planning has scheduled the August employment news release for September 25, 2018.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                            Change
                                                                                  Month                    Year
                                    July-18      June-18      July-17     absolute     percent    absolute     percent
Total Civilian Labor Force          286,781      287,889      292,765      -1,108       -0.4%      -5,984       -2.0%
Employed                            275,802      277,101      280,961      -1,299       -0.5%      -5,159       -1.8%
Unemployed                           10,979       10,788       11,804         191        1.8%        -825       -7.0%
Unemployment Rate                       3.8          3.7          4.0



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 July 2018


   County                 Rate*
Teton County, WY           1.9
Crook County, WY           3.0
Niobrara County, WY        3.1
Lincoln County, WY         3.2
Hot Springs County, WY     3.3
Park County, WY            3.3
Carbon County, WY          3.4
Sublette County, WY        3.4
Johnson County, WY         3.5
Sheridan County, WY        3.5
Weston County, WY          3.5
Laramie County, WY         3.6
Converse County, WY        3.7
Wyoming                    3.8
Platte County, WY          3.8
Albany County, WY          3.9
Goshen County, WY          3.9
Washakie County, WY        3.9
Campbell County, WY        4.1
Sweetwater County, WY      4.1
Big Horn County, WY        4.2
Uinta County, WY           4.2
Natrona County, WY         4.4
Fremont County, WY         5.1

*preliminary



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

                             Month ago               Over-the-Month   Over-the-Month
    County                     rate          Rate*     Rate Change    Percent Change
Hot Springs County, WY          3.9           3.3          -0.6         -15.4%
Park County, WY                 3.8           3.3          -0.5         -13.2%
Teton County, WY                2.4           1.9          -0.5         -20.8%
Laramie County, WY              4.0           3.6          -0.4         -10.0%
Lincoln County, WY              3.6           3.2          -0.4         -11.1%
Niobrara County, WY             3.5           3.1          -0.4         -11.4%
Sublette County, WY             3.8           3.4          -0.4         -10.5%
Washakie County, WY             4.3           3.9          -0.4          -9.3%
Wyoming                         4.1           3.8          -0.3          -7.3%
Natrona County, WY              4.7           4.4          -0.3          -6.4%
Sheridan County, WY             3.8           3.5          -0.3          -7.9%
Uinta County, WY                4.5           4.2          -0.3          -6.7%
Weston County, WY               3.8           3.5          -0.3          -7.9%
Albany County, WY               4.1           3.9          -0.2          -4.9%
Big Horn County, WY             4.4           4.2          -0.2          -4.5%
Campbell County, WY             4.3           4.1          -0.2          -4.7%
Carbon County, WY               3.6           3.4          -0.2          -5.6%
Sweetwater County, WY           4.3           4.1          -0.2          -4.7%
Converse County, WY             3.8           3.7          -0.1          -2.6%
Crook County, WY                3.1           3.0          -0.1          -3.2%
Fremont County, WY              5.2           5.1          -0.1          -1.9%
Goshen County, WY               3.9           3.9           0.0           0.0%
Johnson County, WY              3.5           3.5           0.0           0.0%
Platte County, WY               3.8           3.8           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 July 2018
 
                               Year ago                  Over-the-Year  Over-the-Year
   County                        Rate         Rate*       Rate Change  Percent Change
Converse County, WY              4.3           3.7          -0.6        -14.0%
Campbell County, WY              4.6           4.1          -0.5        -10.9%
Natrona County, WY               4.8           4.4          -0.4         -8.3%
Sweetwater County, WY            4.4           4.1          -0.3         -6.8%
Hot Springs County, WY           3.5           3.3          -0.2         -5.7%
Sublette County, WY              3.6           3.4          -0.2         -5.6%
Fremont County, WY               5.2           5.1          -0.1         -1.9%
Carbon County, WY                3.4           3.4           0.0          0.0%
Park County, WY                  3.2           3.3           0.1          3.1%
Sheridan County, WY              3.4           3.5           0.1          2.9%
Wyoming                          3.7           3.8           0.1          2.7%
Uinta County, WY                 4.1           4.2           0.1          2.4%
Weston County, WY                3.4           3.5           0.1          2.9%
Laramie County, WY               3.4           3.6           0.2          5.9%
Lincoln County, WY               3.0           3.2           0.2          6.7%
Niobrara County, WY              2.9           3.1           0.2          6.9%
Teton County, WY                 1.7           1.9           0.2         11.8%
Crook County, WY                 2.7           3.0           0.3         11.1%
Johnson County, WY               3.2           3.5           0.3          9.4%
Washakie County, WY              3.6           3.9           0.3          8.3%
Platte County, WY                3.4           3.8           0.4         11.8%
Big Horn County, WY              3.6           4.2           0.6         16.7%
Goshen County, WY                3.0           3.9           0.9         30.0%
Albany County, WY                2.9           3.9           1.0         34.5%


*preliminary


Wyoming Department of Workforce Services
Research & Planning

August 21, 2018

Contact:

David Bullard, Senior Economist, 307-473-3810



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