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

Wyoming Unemployment Rises to 3.1% in August 2022

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate rose slightly from 3.0% in July to 3.1% in August. Despite this slight increase, Wyoming’s unemployment rate is much lower than its year-ago level of 4.3% and lower than the current U.S. rate of 3.7%.

From July to August, most county unemployment rates increased slightly. The largest increases occurred in Crook (up from 2.2% to 3.5%), Carbon (up from 2.7% to 3.1%), Natrona (up from 3.6% to 3.9%), and Niobrara (up from 2.2% to 2.5%) counties.

From August 2021 to August 2022, unemployment rates fell in most counties. The largest decreases were seen in Natrona (down from 5.4% to 3.9%), Campbell (down from 4.8% to 3.3%), Converse (down from 4.1% to 2.8%), Sublette (down from 4.6% to 3.4%), and Sweetwater (down from 5.0% to 3.9%) counties. Since unemployment rates were elevated during 2021, the decreases this year reflect a return to more normal levels.

In August, the highest unemployment rates were found in Natrona and Sweetwater counties (both at 3.9%). Teton County posted the lowest unemployment rate at 1.7%. It was followed by Weston County at 2.2% and Niobrara and Goshen counties (both at 2.5%).

Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 284,000 in August 2021 to 292,100 in August 2022, an increase of 8,100 jobs (2.9%). Employment was unusually low in 2021 because of economic disruptions related to the pandemic.

Research & Planning has scheduled the September unemployment news release for October 24, 2022.


Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                               Change
                                                                                    Month                    Year
                                   August-22       July-22     August-21     absolute     percent    absolute     percent
Total Civilian Labor Force           289,643       290,095       289,856        -452       -0.2%        -213       -0.1%
Employed                             280,569       281,315       277,344        -746       -0.3%       3,225        1.2%
Unemployed                             9,074         8,780        12,512         294        3.3%      -3,438      -27.5%
Unemployment Rate                        3.1           3.0           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.



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 2022
 
                  
   County                            Rate*
Teton County, WY                      1.7
Weston County, WY                     2.2
Goshen County, WY                     2.5
Niobrara County, WY                   2.5
Hot Springs County, WY                2.6
Lincoln County, WY                    2.6
Albany County, WY                     2.7
Park County, WY                       2.7
Converse County, WY                   2.8
Johnson County, WY                    2.8
Sheridan County, WY                   2.8
Laramie County, WY                    3.0
Carbon County, WY                     3.1
Wyoming                               3.1
Platte County, WY                     3.2
Campbell County, WY                   3.3
Big Horn County, WY                   3.4
Sublette County, WY                   3.4
Crook County, WY                      3.5
Uinta County, WY                      3.5
Washakie County, WY                   3.5
Fremont County, WY                    3.6
Natrona County, WY                    3.9
Sweetwater County, WY                 3.9

*preliminary


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

                                    Month ago              Over-the-Month   
    County                            rate         Rate*     Rate Change    
Albany County, WY                      2.7          2.7          0.0
Campbell County, WY                    3.3          3.3          0.0
Converse County, WY                    2.8          2.8          0.0
Fremont County, WY                     3.6          3.6          0.0
Lincoln County, WY                     2.6          2.6          0.0
Weston County, WY                      2.2          2.2          0.0
Big Horn County, WY                    3.3          3.4          0.1
Goshen County, WY                      2.4          2.5          0.1
Laramie County, WY                     2.9          3.0          0.1
Park County, WY                        2.6          2.7          0.1
Platte County, WY                      3.1          3.2          0.1
Sheridan County, WY                    2.7          2.8          0.1
Sweetwater County, WY                  3.8          3.9          0.1
Teton County, WY                       1.6          1.7          0.1
Wyoming                                3.0          3.1          0.1
Hot Springs County, WY                 2.4          2.6          0.2
Johnson County, WY                     2.6          2.8          0.2
Sublette County, WY                    3.2          3.4          0.2
Uinta County, WY                       3.3          3.5          0.2
Washakie County, WY                    3.3          3.5          0.2
Natrona County, WY                     3.6          3.9          0.3
Niobrara County, WY                    2.2          2.5          0.3
Carbon County, WY                      2.7          3.1          0.4
Crook County, WY                       2.2          3.5          1.3

*preliminary




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year
changes ranked from lowest to highest for August 2022
 
                                      Year ago                Over-the-Year   
   County                               Rate         Rate*     Rate Change    
Campbell County, WY                      4.8          3.3         -1.5
Natrona County, WY                       5.4          3.9         -1.5
Converse County, WY                      4.1          2.8         -1.3
Sublette County, WY                      4.6          3.4         -1.2
Sweetwater County, WY                    5.0          3.9         -1.1
Sheridan County, WY                      3.6          2.8         -0.8
Uinta County, WY                         4.3          3.5         -0.8
Wyoming                                  3.9          3.1         -0.8
Hot Springs County, WY                   3.3          2.6         -0.7
Albany County, WY                        3.3          2.7         -0.6
Johnson County, WY                       3.4          2.8         -0.6
Laramie County, WY                       3.6          3.0         -0.6
Lincoln County, WY                       3.2          2.6         -0.6
Weston County, WY                        2.8          2.2         -0.6
Fremont County, WY                       4.1          3.6         -0.5
Goshen County, WY                        3.0          2.5         -0.5
Niobrara County, WY                      3.0          2.5         -0.5
Park County, WY                          3.2          2.7         -0.5
Teton County, WY                         2.2          1.7         -0.5
Platte County, WY                        3.6          3.2         -0.4
Big Horn County, WY                      3.7          3.4         -0.3
Carbon County, WY                        3.3          3.1         -0.2
Washakie County, WY                      3.6          3.5         -0.1
Crook County, WY                         3.0          3.5          0.5

*preliminary


Wyoming Department of Workforce Services
Research & Planning

September 19, 2022

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

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


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