© Copyright 2022 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Falls to 3.4% in March 2022

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 3.6% in February to 3.4% in March. Wyoming’s unemployment rate is slightly lower than the current U.S. rate of 3.6% and much lower than its March 2021 level of 5.0%. From February to March, seasonally adjusted employment of Wyoming residents increased by 796 individuals (0.3%) as people returned to work.

From February to March, most county unemployment rates followed their normal seasonal pattern and fell slightly. The largest decreases occurred in Platte County (down from 3.8% to 3.3%) and Big Horn County (down from 5.0% to 4.5%).

From March 2021 to March 2022, unemployment rates fell in every county. Unemployment rates were unusually high during much of 2021 because of the pandemic. The largest decreases were found in Natrona (down from 7.5% to 4.7%), Sublette (down from 7.1% to 4.6%), Converse (down from 6.0% to 3.5%), Uinta (down from 6.0% to 3.9%), and Campbell (down from 6.2% to 4.1%) counties.

Teton County had the lowest unemployment rate in March at 2.3%. It was followed by Niobrara County at 2.6% and Goshen County at 2.8%. The highest unemployment rates were found in Natrona County at 4.7% and Sublette County and Sweetwater County, each at 4.6%.

Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 270,300 in March 2021 to 278,500 in March 2022, an increase of 8,200 jobs (3.0%). Employment was lower than normal in March 2021 because of economic disruptions related to the pandemic.

Research & Planning has scheduled the April unemployment news release for May 23, 2022.


Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                               Change
                                                                                     Month                    Year
                                    March-22   February-22      March-21      absolute     percent    absolute     percent
Total Civilian Labor Force           290,365       290,282       290,946          83        0.0%        -581       -0.2%
Employed                             280,487       279,691       276,539         796        0.3%       3,948        1.4%
Unemployed                             9,878        10,591        14,407        -713       -6.7%      -4,529      -31.4%
Unemployment Rate                        3.4           3.6           5.0


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 March 2022
 
                  
   County                             Rate*
Teton County, WY                       2.3
Niobrara County, WY                    2.6
Goshen County, WY                      2.8
Albany County, WY                      2.9
Crook County, WY                       3.1
Hot Springs County, WY                 3.1
Weston County, WY                      3.1
Laramie County, WY                     3.3
Lincoln County, WY                     3.3
Platte County, WY                      3.3
Carbon County, WY                      3.4
Sheridan County, WY                    3.4
Converse County, WY                    3.5
Wyoming                                3.7
Johnson County, WY                     3.8
Uinta County, WY                       3.9
Park County, WY                        4.0
Washakie County, WY                    4.0
Campbell County, WY                    4.1
Fremont County, WY                     4.2
Big Horn County, WY                    4.5
Sublette County, WY                    4.6
Sweetwater County, WY                  4.6
Natrona County, WY                     4.7

*preliminary





Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for March 2022

                                 Month ago               Over-the-Month   
    County                          rate         Rate*     Rate Change    
Big Horn County, WY                  5.0          4.5         -0.5
Platte County, WY                    3.8          3.3         -0.5
Carbon County, WY                    3.8          3.4         -0.4
Johnson County, WY                   4.2          3.8         -0.4
Laramie County, WY                   3.7          3.3         -0.4
Park County, WY                      4.4          4.0         -0.4
Sweetwater County, WY                5.0          4.6         -0.4
Uinta County, WY                     4.3          3.9         -0.4
Converse County, WY                  3.8          3.5         -0.3
Goshen County, WY                    3.1          2.8         -0.3
Natrona County, WY                   5.0          4.7         -0.3
Sheridan County, WY                  3.7          3.4         -0.3
Wyoming                              4.0          3.7         -0.3
Albany County, WY                    3.1          2.9         -0.2
Campbell County, WY                  4.3          4.1         -0.2
Fremont County, WY                   4.4          4.2         -0.2
Sublette County, WY                  4.8          4.6         -0.2
Teton County, WY                     2.5          2.3         -0.2
Washakie County, WY                  4.2          4.0         -0.2
Crook County, WY                     3.2          3.1         -0.1
Hot Springs County, WY               3.2          3.1         -0.1
Lincoln County, WY                   3.4          3.3         -0.1
Niobrara County, WY                  2.6          2.6          0.0
Weston County, WY                    3.1          3.1          0.0

*preliminary



Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year
changes ranked from lowest to highest for March 2022
 
                                  Year ago               Over-the-Year   
   County                           Rate         Rate*    Rate Change    
Natrona County, WY                   7.5          4.7         -2.8
Converse County, WY                  6.0          3.5         -2.5
Sublette County, WY                  7.1          4.6         -2.5
Campbell County, WY                  6.2          4.1         -2.1
Uinta County, WY                     6.0          3.9         -2.1
Sheridan County, WY                  5.4          3.4         -2.0
Sweetwater County, WY                6.6          4.6         -2.0
Wyoming                              5.4          3.7         -1.7
Carbon County, WY                    5.0          3.4         -1.6
Platte County, WY                    4.9          3.3         -1.6
Fremont County, WY                   5.7          4.2         -1.5
Lincoln County, WY                   4.8          3.3         -1.5
Johnson County, WY                   5.2          3.8         -1.4
Laramie County, WY                   4.7          3.3         -1.4
Hot Springs County, WY               4.4          3.1         -1.3
Niobrara County, WY                  3.9          2.6         -1.3
Park County, WY                      5.3          4.0         -1.3
Teton County, WY                     3.5          2.3         -1.2
Big Horn County, WY                  5.6          4.5         -1.1
Crook County, WY                     4.2          3.1         -1.1
Goshen County, WY                    3.9          2.8         -1.1
Albany County, WY                    3.7          2.9         -0.8
Washakie County, WY                  4.8          4.0         -0.8
Weston County, WY                    3.9          3.1         -0.8

*preliminary


Wyoming Department of Workforce Services
Research & Planning

April 18, 2022

Contacts:
David Bullard, Senior Economist, 307-473-3810

Michael Moore, Research Supervisor, 307-473-3814


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