"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.
[Excerpted from 2019 Wyoming Workforce Annual Report]
Although employment levels remained noticeably lower than pre-downturn levels, Wyoming's economy and job market showed marked improvement from 2017 to 2018 as the state added 2,608 jobs and more than $600 million more in total wages.
Wyoming's labor market in 2018 was shaped in part by the demographics of the workforce and the effects of the most recent economic downturn. Population estimates and wage records both indicate that substantial numbers of young workers in their 20s and more experienced workers in their early 50s left the state and the labor force after 2015. The number of nonresidents working in Wyoming has greatly increased over the last three years, perhaps indicating that employers are turning to out-of-state workers to fill the void created by those workers who left the state following the most recent economic downturn.
*Commuting data are from 2018Q1, the most recent quarter for which data were available.
**Inflow: workers commuting into a county of employment from a different county of residence or state.
***Outflow: workers commuting from a county of residence to another county of employment or one of eight partner states. Partner states are those states with which Research & Planning has data-sharing agreements: Colorado, Montana, Nebraska, New Mexico, Ohio, South Dakota, Texas, and Utah.
2017 Outflow does not include persons commuting to Utah due to missing data.
Prepared by M. Moore, Research & Planning, WY DWS, 4/23/19.
Shaded areas indicate periods of economic downturn: 2009Q1-2010Q1 and 2015Q2-2016Q4.
(a)Source: U.S. Energy Information Administration.
(b)Source: Demographics and Earnings of Persons Working in Wyoming by County, Industry, Age, & Gender, 2000-2018.
(c)Source: Local Area Employment Statistics.
(d)Source: Quarterly Census of Employment and Wages.
Four-quarter moving averages for all data.
Prepared by M. Moore, Research & Planning, WY DWS, 4/22/19.