Technology-related industry employment remained consistent at 1.8% with regard to Wyoming’s overall employment from 2003 to 2013.
Recent media coverage of the construction industry suggests a shortage of workers, especially subcontractors, in the Rocky Mountain and High Plains region. The Research & Planning (R&P) section of the Wyoming Department of Workforce Services recently published the results of a new study on the issues surrounding occupational shortages.
R&P found that although there is no established labor shortage for the U.S. labor market as a whole, there may be shortages in particular sectors.
The state’s seasonally adjusted unemployment rate held steady from September to October at 4.7%. Wyoming’s unemployment rate was up slightly from its October 2013 level of 4.5%, but significantly lower than the current U.S. unemployment rate of 5.8%. Seasonally adjusted employment of Wyoming residents increased slightly, rising by an estimated 394 individuals (0.1%) from September to October.
Teton and Lincoln counties had the highest unemployment rates in October (both 5.2%). They were followed by Fremont (5.1%) and Big Horn (4.8%) counties. The lowest unemployment rates were found in Converse (3.0%), Campbell (3.1%), Sublette (3.2%), and Niobrara (3.2%) counties.
Total nonfarm employment (measured by place of work) rose from 294,700 in October 2013 to 299,400 in October 2014, a gain of 4,700 jobs (1.6%).