© Copyright 2024 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Low and Stable at 2.8% in April 2024

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate remained unchanged from March to April at 2.8%. Wyoming’s unemployment rate also held steady from its year-ago level of 2.8%. In contrast, the U.S. unemployment rate edged upward from March to April, rising from 3.8% to 3.9% and was higher than its April 2023 level of 3.4%.

From March to April, most county unemployment rates followed their normal seasonal pattern and decreased. Warmer weather often brings seasonal job gains in construction, professional & business services, retail trade, and other sectors. The largest unemployment rate decreases occurred in Big Horn (down from 4.4% to 3.4%), Park (down from 3.8% to 2.9%), Washakie (down from 4.0% to 3.2%), Sweetwater (down from 3.8% to 3.0%), and Carbon (down from 3.6% to 2.8%) counties. Teton County’s unemployment rate rose from 2.1% in March to 2.6% in April as the end of the ski season gave rise to seasonal job losses.

From April 2023 to April 2024, jobless rates fell in 14 counties, rose slightly in six counties, and remained unchanged in three counties. The largest decreases were found in Teton (down from 3.5% to 2.6%) and Platte (down from 3.0% to 2.4%) counties. Uinta County’s unemployment rate increased from 3.1% to 3.4%.

In April, the lowest unemployment rates were reported in Weston County at 2.0%, Converse County at 2.2%, and Niobrara and Crook counties, each at 2.3%. Sublette County had the highest unemployment rate in the state at 3.6%. It was followed by Big Horn County and Uinta County, each at 3.4%.

Current Employment Statistics (CES) estimates show that total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 285,200 in April 2023 to 290,100 in April 2024, an increase of 4,900 jobs (1.7%).

May unemployment data will be released on June 26, 2024.


Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                              Change
                                                                                     Month                    Year
                                    April-24      March-24      April-23      absolute     percent    absolute     percent
Total Civilian Labor Force           293,108       293,020       295,614          88        0.0%      -2,506       -0.8%
Employed                             284,901       284,728       287,193         173        0.1%      -2,292       -0.8%
Unemployed                             8,207         8,292         8,421         -85       -1.0%        -214       -2.5%
Unemployment Rate                        2.8           2.8           2.8


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 April 2024
 
                  
   County                           Rate*
Weston County, WY                    2.0
Converse County, WY                  2.2
Crook County, WY                     2.3
Niobrara County, WY                  2.3
Albany County, WY                    2.4
Goshen County, WY                    2.4
Platte County, WY                    2.4
Sheridan County, WY                  2.5
Teton County, WY                     2.6
Hot Springs County, WY               2.7
Campbell County, WY                  2.8
Carbon County, WY                    2.8
Johnson County, WY                   2.8
Wyoming                              2.8
Laramie County, WY                   2.9
Park County, WY                      2.9
Lincoln County, WY                   3.0
Natrona County, WY                   3.0
Sweetwater County, WY                3.0
Fremont County, WY                   3.1
Washakie County, WY                  3.2
Big Horn County, WY                  3.4
Uinta County, WY                     3.4
Sublette County, WY                  3.6

*preliminary




Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for April 2024

                                  Month ago              Over-the-Month   
    County                           rate        Rate*     Rate Change    
Big Horn County, WY                  4.4          3.4         -1.0
Park County, WY                      3.8          2.9         -0.9
Carbon County, WY                    3.6          2.8         -0.8
Sweetwater County, WY                3.8          3.0         -0.8
Washakie County, WY                  4.0          3.2         -0.8
Fremont County, WY                   3.8          3.1         -0.7
Johnson County, WY                   3.5          2.8         -0.7
Converse County, WY                  2.8          2.2         -0.6
Crook County, WY                     2.9          2.3         -0.6
Hot Springs County, WY               3.3          2.7         -0.6
Platte County, WY                    3.0          2.4         -0.6
Sheridan County, WY                  3.1          2.5         -0.6
Sublette County, WY                  4.2          3.6         -0.6
Albany County, WY                    2.9          2.4         -0.5
Laramie County, WY                   3.4          2.9         -0.5
Lincoln County, WY                   3.5          3.0         -0.5
Natrona County, WY                   3.5          3.0         -0.5
Weston County, WY                    2.5          2.0         -0.5
Wyoming                              3.3          2.8         -0.5
Goshen County, WY                    2.8          2.4         -0.4
Campbell County, WY                  3.1          2.8         -0.3
Niobrara County, WY                  2.6          2.3         -0.3
Uinta County, WY                     3.6          3.4         -0.2
Teton County, WY                     2.1          2.6          0.5

*preliminary





Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year
changes ranked from lowest to highest for April 2024
 
                                  Year ago                Over-the-Year   
   County                           Rate         Rate*     Rate Change    
Teton County, WY                     3.5          2.6         -0.9
Platte County, WY                    3.0          2.4         -0.6
Carbon County, WY                    3.1          2.8         -0.3
Fremont County, WY                   3.4          3.1         -0.3
Sheridan County, WY                  2.8          2.5         -0.3
Sweetwater County, WY                3.3          3.0         -0.3
Johnson County, WY                   3.0          2.8         -0.2
Natrona County, WY                   3.2          3.0         -0.2
Niobrara County, WY                  2.5          2.3         -0.2
Park County, WY                      3.1          2.9         -0.2
Washakie County, WY                  3.4          3.2         -0.2
Converse County, WY                  2.3          2.2         -0.1
Goshen County, WY                    2.5          2.4         -0.1
Lincoln County, WY                   3.1          3.0         -0.1
Wyoming                              2.9          2.8         -0.1
Albany County, WY                    2.4          2.4          0.0
Crook County, WY                     2.3          2.3          0.0
Laramie County, WY                   2.9          2.9          0.0
Weston County, WY                    1.9          2.0          0.1
Big Horn County, WY                  3.2          3.4          0.2
Campbell County, WY                  2.6          2.8          0.2
Hot Springs County, WY               2.5          2.7          0.2
Sublette County, WY                  3.4          3.6          0.2
Uinta County, WY                     3.1          3.4          0.3

*preliminary


Wyoming Department of Workforce Services
Research & Planning

May 20, 2024

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

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


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