© Copyright 2016 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Rate Falls to 5.5% in August 2016

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 5.7% in July to 5.5% in August (not a statistically significant change). Wyoming’s unemployment rate was significantly higher than its August 2015 level of 4.3% and higher than the current U.S. unemployment rate of 4.9%.

From July to August, unemployment rates fell in 21 counties and were unchanged in Laramie and Carbon counties. County unemployment rates often fall in August as employment increases in construction and other sectors. The largest unemployment rate decreases occurred in Campbell (down from 7.5% to 6.8%), Sweetwater (down from 6.3% to 5.7%), Uinta (down from 5.7% to 5.2%), Natrona (down from 7.3% to 6.8%), Fremont (down from 7.1% to 6.6%), and Converse (down from 6.5% to 6.0%) counties.

From August 2015 to August 2016, unemployment rates increased in most areas of the state. The largest increases were seen in Campbell (up from 3.6% to 6.8%), Converse (up from 3.5% to 6.0%), Natrona (up from 4.8% to 6.8%), and Weston (up from 3.0% to 4.9%) counties. Teton County’s unemployment rate fell very slightly (down from 2.1% to 2.0%) and Lincoln County’s unemployment rate was unchanged (3.8%).

In August 2016, seven counties had unemployment rates that were higher than the statewide not seasonally adjusted average of 4.9%, and 15 counties had lower unemployment rates. Weston County’s unemployment rate (4.9%) was the same as the statewide average. Teton County had the lowest unemployment rate (2.0%). It was followed by Niobrara, Goshen, and Albany counties (all 3.3%). The highest unemployment rates were reported in Campbell and Natrona counties (both 6.8%).

Total nonfarm employment (not seasonally adjusted and measured by place of work) fell from 295,900 in August 2015 to 287,400 in August 2016, a decrease of 8,500 jobs (or –2.9%; a statistically significant decrease).

Research & Planning has scheduled the September employment news release for October 25, 2016.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                        Change
                                                                               Month                    Year
                                  August-16      July-16    August-15   absolute     percent    absolute     percent
Total Civilian Labor Force          299,322      299,125      305,871         197        0.1%      -6,549       -2.1%
Employed                            282,748      282,192      292,814         556        0.2%     -10,066       -3.4%
Unemployed                           16,574       16,933       13,057        -359       -2.1%       3,517       26.9%
Unemployment Rate                       5.5          5.7          4.3


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, August 2016


Industry Sector                                            Current Employment
                               Research & Planning's        Statistics (CES)           N           %
                              Short-Term Projections            Estimates          Difference  Difference
Total Nonfarm                        287,706                    287,400              -306        -0.1%
Natural Resources & Mining            18,188                     18,600               412         2.2%
Construction                          24,285                     24,000              -285        -1.2%
Manufacturing                          9,337                      9,800               463         4.7%
Wholesale Trade                        8,769                      8,200              -569        -6.9%
Retail Trade                          32,162                     31,600              -562        -1.8%
Transportation & Utilities            14,349                     14,500               151         1.0%
Information                            3,835                      3,700              -135        -3.6%
Financial Activities                  11,001                     10,700              -301        -2.8%
Professional & Business Services      18,813                     18,900                87         0.5%
Educational & Health Services         26,826                     27,200               374         1.4%
Leisure & Hospitality                 41,878                     41,900                22         0.1%
Other Services                         9,972                     10,600               628         5.9%
Government                            68,291                     67,700              -591        -0.9%


Projections were run in August 2016 and based on QCEW data through March 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 August 2016

     County                              Rate*  
Teton County, WY                          2.0
Albany County, WY                         3.3
Goshen County, WY                         3.3
Niobrara County, WY                       3.3
Park County, WY                           3.7
Lincoln County, WY                        3.8
Crook County, WY                          4.0
Laramie County, WY                        4.0
Sheridan County, WY                       4.0
Carbon County, WY                         4.1
Hot Springs County, WY                    4.3
Big Horn County, WY                       4.4
Johnson County, WY                        4.4
Washakie County, WY                       4.5
Platte County, WY                         4.6
Weston County, WY                         4.9
Wyoming                                   4.9
Uinta County, WY                          5.2
Sublette County, WY                       5.4
Sweetwater County, WY                     5.7
Converse County, WY                       6.0
Fremont County, WY                        6.6
Campbell County, WY                       6.8
Natrona County, WY                        6.8

*preliminary





Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for August 2016

                               Month ago 		   Over-the-Month    Over-the-Month
    County                       rate           Rate*       Rate Change      Percent Change
Campbell County, WY                7.5           6.8             -0.7             -9.3%
Sweetwater County, W               6.3           5.7             -0.6             -9.5%
Converse County, WY                6.5           6.0             -0.5             -7.7%
Fremont County, WY                 7.1           6.6             -0.5             -7.0%
Natrona County, WY                 7.3           6.8             -0.5             -6.8%
Uinta County, WY                   5.7           5.2             -0.5             -8.8%
Crook County, WY                   4.4           4.0             -0.4             -9.1%
Hot Springs County,                4.7           4.3             -0.4             -8.5%
Weston County, WY                  5.3           4.9             -0.4             -7.5%
Big Horn County, WY                4.7           4.4             -0.3             -6.4%
Johnson County, WY                 4.7           4.4             -0.3             -6.4%
Sublette County, WY                5.7           5.4             -0.3             -5.3%
Wyoming                            5.2           4.9             -0.3             -5.8%
Albany County, WY                  3.5           3.3             -0.2             -5.7%
Goshen County, WY                  3.5           3.3             -0.2             -5.7%
Niobrara County, WY                3.5           3.3             -0.2             -5.7%
Platte County, WY                  4.8           4.6             -0.2             -4.2%
Lincoln County, WY                 3.9           3.8             -0.1             -2.6%
Park County, WY                    3.8           3.7             -0.1             -2.6%
Sheridan County, WY                4.1           4.0             -0.1             -2.4%
Teton County, WY                   2.1           2.0             -0.1             -4.8%
Washakie County, WY                4.6           4.5             -0.1             -2.2%
Carbon County, WY                  4.1           4.1              0.0              0.0%
Laramie County, WY                 4.0           4.0              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 2016
                                   Year ago                            Over-the-Year         Over-the-Year
   County                            Rate               Rate*          Rate Change          Percent Change
Teton County, WY                     2.1                 2.0                -0.1               -4.8%
Lincoln County, WY                   3.8                 3.8                 0.0                0.0%
Albany County, WY                    3.2                 3.3                 0.1                3.1%
Niobrara County, WY                  3.2                 3.3                 0.1                3.1%
Johnson County, WY                   4.1                 4.4                 0.3                7.3%
Goshen County, WY                    2.9                 3.3                 0.4               13.8%
Laramie County, WY                   3.6                 4.0                 0.4               11.1%
Sheridan County, WY                  3.6                 4.0                 0.4               11.1%
Big Horn County, WY                  3.9                 4.4                 0.5               12.8%
Park County, WY                      3.2                 3.7                 0.5               15.6%
Hot Springs County,                  3.7                 4.3                 0.6               16.2%
Uinta County, WY                     4.6                 5.2                 0.6               13.0%
Platte County, WY                    3.7                 4.6                 0.9               24.3%
Sublette County, WY                  4.5                 5.4                 0.9               20.0%
Washakie County, WY                  3.6                 4.5                 0.9               25.0%
Wyoming                              3.8                 4.9                 1.1               28.9%
Carbon County, WY                    2.7                 4.1                 1.4               51.9%
Crook County, WY                     2.6                 4.0                 1.4               53.8%
Sweetwater County, W                 4.3                 5.7                 1.4               32.6%
Fremont County, WY                   5.1                 6.6                 1.5               29.4%
Weston County, WY                    3.0                 4.9                 1.9               63.3%
Natrona County, WY                   4.8                 6.8                 2.0               41.7%
Converse County, WY                  3.5                 6.0                 2.5               71.4%
Campbell County, WY                  3.6                 6.8                 3.2               88.9%

*preliminary




Wyoming Department of Workforce Services
Research & Planning

September 20, 2016

Contacts:

David Bullard, Senior Economist, 307-473-3810

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


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