"Labor Market Information (LMI) is an applied science; it is the systematic collection and analysis of data which describes and predicts the relationship between labor demand and supply." The States' Labor Market Information Review, ICESA, 1995, p. 7.
by: Laura Yetter, Senior Economist
The Research & Planning (R&P) section of the Wyoming Department of Workforce Services publishes quarterly reports on growing and declining industries in Wyoming online at https://doe.state.wy.us/LMI/G_DInd/G_D_Industries.htm. The most recent report available is for second quarter 2022 (2022Q2).
A growing or declining industry is defined as an industry’s employment level increasing or decreasing for two quarters by 5% or more over the year based on data from the Quarterly Census of Employment and Wages. For example, all industries that grew or declined in employment by at least 5% from 2021Q1 to 2022Q1 and subsequently from 2021Q2 to 2022Q2 were included in the respective tables in this article. Only subsectors with employment of 100 or more are included in the growing and declining industries for Wyoming.
Industries are defined by the North American Industry Classification System (NAICS). For this re
search, growing and declining industries are determined at the three-digit subsector level.
Wyoming had 16 growing industries in 2022Q2 (see Table 1), which accounted for 17.5% of the state's total employment. Examples of growing industries included support activities for mining (20.6% average change), computer & electronic product manufacturing (37.9%), motion picture & sound recording industries (28.0%), and miscellaneous manufacturing (25.4%).
There were six declining industries in 2022Q2, including agriculture & forestry support activities (-14.0% average change), petroleum & coal products manufacturing (-8.9%), pipeline transportation (-9.3%), and other information services (-8.4%).
The following are some of the specific locations on our website that may have useful information for you as you consider your employment options: