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

Wyoming Unemployment Rate Unchanged at 4.8% in January 2017

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate was unchanged from December to January at 4.8%. Wyoming’s unemployment rate was slightly lower than its January 2016 level of 5.1%. Seasonally adjusted employment of Wyoming residents increased slightly from December to January, rising by an estimated 1,309 individuals (0.5%; not a statistically significant change).

From December to January, almost all county unemployment rates followed their normal seasonal pattern and increased. Unemployment often increases in January because of seasonal job losses in many sectors, including construction; retail trade; transportation, warehousing, & utilities; professional & business services; and government. The largest unemployment rate increases were seen in Park (up from 5.1% to 6.2%), Fremont (up from 6.5% to 7.5%), Johnson (up from 5.5% to 6.5%), and Sheridan (up from 4.6% to 5.6%) counties. Teton County’s unemployment rate fell from 3.7% to 2.9%.

From January 2016 to January 2017, unemployment rates fell in 19 counties, rose in three counties and remained unchanged in Converse County (5.8%). The largest decreases occurred in Lincoln (down from 6.2% to 4.8%), Sublette (down from 7.3% to 6.2%), Sheridan (down from 6.5% to 5.6%), Niobrara (down from 4.2% to 3.3%), and Carbon (down from 5.7% to 4.8%) counties.

Teton County (2.9%) posted the lowest unemployment rate in January. It was followed by Niobrara (3.3%), Goshen (3.3%), and Albany (3.4%) counties. The highest unemployment rates were found in Natrona (7.6%), Fremont (7.5%), and Campbell (6.7%) counties.

The estimate of total nonfarm jobs (not seasonally adjusted and measured by place of work) fell from 278,300 in January 2016 to 269,000 in January 2017, a decrease of 9,300 jobs (or –3.3%; a statistically significant decrease).

Research & Planning has scheduled the February employment news release for March 28, 2017.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                           Change
                                                                                 Month                    Year
                                 January-17  December-16   January-16     absolute     percent    absolute     percent
Total Civilian Labor Force          302,223      300,872      303,229       1,351        0.4%      -1,006       -0.3%
Employed                            287,642      286,333      287,784       1,309        0.5%        -142        0.0%
Unemployed                           14,581       14,539       15,445          42        0.3%        -864       -5.6%
Unemployment Rate                       4.8          4.8          5.1

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.


Current Employment Statistics (CES) Estimates and Research & Planning's Short-Term Projections, January 2017


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        268,295                    269,000               705         0.3%
Natural Resources & Mining            17,498                     18,400               902         4.9%
Construction                          17,544                     18,300               756         4.1%
Manufacturing                          9,027                      9,200               173         1.9%
Wholesale Trade                        8,096                      8,300               204         2.5%
Retail Trade                          29,634                     29,600               -34        -0.1%
Transportation & Utilities            14,027                     14,300               273         1.9%
Information                            3,675                      3,700                25         0.7%
Financial Activities                  10,563                     10,400              -163        -1.6%
Professional & Business Services      16,638                     16,400              -238        -1.5%
Educational & Health Services         27,871                     27,900                29         0.1%
Leisure & Hospitality                 32,770                     32,300              -470        -1.5%
Other Services                        10,817                     10,800               -17        -0.2%
Government                            70,135                     69,400              -735        -1.1%


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 January 2017

    
   County                             Rate*
Teton County, WY                       2.9
Goshen County, WY                      3.3
Niobrara County, WY                    3.3
Albany County, WY                      3.4
Laramie County, WY                     4.6
Carbon County, WY                      4.8
Lincoln County, WY                     4.8
Platte County, WY                      4.9
Crook County, WY                       5.0
Hot Springs County, WY                 5.0
Washakie County, WY                    5.0
Weston County, WY                      5.0
Big Horn County, WY                    5.4
Sheridan County, WY                    5.6
Wyoming                                5.6
Converse County, WY                    5.8
Sweetwater County, WY                  6.1
Uinta County, WY                       6.1
Park County, WY                        6.2
Sublette County, WY                    6.2
Johnson County, WY                     6.5
Campbell County, WY                    6.7
Fremont County, WY                     7.5
Natrona County, WY                     7.6

*preliminary




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

                               Month ago 	  Over-the-Month    Over-the-Month
    County                       rate     Rate*     Rate Change     Percent Change
Teton County, WY                  3.7      2.9         -0.8             -21.6%
Converse County, WY               5.6      5.8          0.2               3.6%
Goshen County, WY                 3.0      3.3          0.3              10.0%
Niobrara County, WY               3.0      3.3          0.3              10.0%
Lincoln County, WY                4.4      4.8          0.4               9.1%
Sublette County, WY               5.8      6.2          0.4               6.9%
Weston County, WY                 4.6      5.0          0.4               8.7%
Albany County, WY                 2.9      3.4          0.5              17.2%
Carbon County, WY                 4.3      4.8          0.5              11.6%
Crook County, WY                  4.5      5.0          0.5              11.1%
Laramie County, WY                4.1      4.6          0.5              12.2%
Platte County, WY                 4.4      4.9          0.5              11.4%
Campbell County, WY               6.1      6.7          0.6               9.8%
Wyoming                           5.0      5.6          0.6              12.0%
Hot Springs County, WY            4.3      5.0          0.7              16.3%
Natrona County, WY                6.8      7.6          0.8              11.8%
Sweetwater County, WY             5.3      6.1          0.8              15.1%
Uinta County, WY                  5.3      6.1          0.8              15.1%
Big Horn County, WY               4.5      5.4          0.9              20.0%
Washakie County, WY               4.1      5.0          0.9              22.0%
Fremont County, WY                6.5      7.5          1.0              15.4%
Johnson County, WY                5.5      6.5          1.0              18.2%
Sheridan County, WY               4.6      5.6          1.0              21.7%
Park County, WY                   5.1      6.2          1.1              21.6%

*preliminary






Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent 
changes ranked from lowest to highest for January 2017
                                  Year ago                            Over-the-Year         Over-the-Year
   County                           Rate              Rate*            Rate Change          Percent Change
Lincoln County, WY                  6.2                4.8                  -1.4                -22.6%
Sublette County, WY                 7.3                6.2                  -1.1                -15.1%
Carbon County, WY                   5.7                4.8                  -0.9                -15.8%
Niobrara County, WY                 4.2                3.3                  -0.9                -21.4%
Sheridan County, WY                 6.5                5.6                  -0.9                -13.8%
Big Horn County, WY                 6.2                5.4                  -0.8                -12.9%
Fremont County, WY                  8.3                7.5                  -0.8                 -9.6%
Johnson County, WY                  7.3                6.5                  -0.8                -11.0%
Platte County, WY                   5.7                4.9                  -0.8                -14.0%
Teton County, WY                    3.7                2.9                  -0.8                -21.6%
Goshen County, WY                   4.0                3.3                  -0.7                -17.5%
Hot Springs County,                 5.7                5.0                  -0.7                -12.3%
Laramie County, WY                  5.1                4.6                  -0.5                 -9.8%
Washakie County, WY                 5.5                5.0                  -0.5                 -9.1%
Crook County, WY                    5.4                5.0                  -0.4                 -7.4%
Sweetwater County, W                6.5                6.1                  -0.4                 -6.2%
Uinta County, WY                    6.5                6.1                  -0.4                 -6.2%
Wyoming                             6.0                5.6                  -0.4                 -6.7%
Albany County, WY                   3.7                3.4                  -0.3                 -8.1%
Park County, WY                     6.5                6.2                  -0.3                 -4.6%
Converse County, WY                 5.8                5.8                   0.0                  0.0%
Natrona County, WY                  7.3                7.6                   0.3                  4.1%
Campbell County, WY                 6.1                6.7                   0.6                  9.8%
Weston County, WY                   4.3                5.0                   0.7                 16.3%

*preliminary





Wyoming Department of Workforce Services
Research & Planning

March 14, 2017

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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