© Copyright 2005 by the Wyoming Department of Employment, Research & Planning

WYOMING LABOR FORCE TRENDS

Vol. 42 No. 8    


6,200 New Jobs Created in June
by:
David Bullard, Senior Economist


Bolstered by job gains in Natural Resources & Mining (including oil & gas), Wyoming’s over-the-year job growth rate increased to 2.3% (a gain of 6,200 jobs compared to June 2004). The state’s seasonally adjusted unemployment rate fell from 4.1% in May to 3.7% in June. It remained well below the U.S. unemployment rate of 5.0%. The labor force continued to grow at a healthy pace (up 5,221 individuals, or 1.8%, from June 2004).

From May to June, Wyoming gained 9,100 jobs, or 3.5%. This level of increase reflected normal seasonal patterns for the state. Warmer weather and the start of the summer tourist season resulted in seasonal job gains in many industries, including Construction (800 jobs or 3.8%), Retail Trade (1,000 jobs, or 3.3%), Professional & Business Services (900 jobs, or 5.7%), and Leisure & Hospitality (5,300 jobs, or 16.8%). Government employment fell slightly (-600 jobs or -0.9%) as some public schools and colleges began summer vacation.

Compared to June 2004, Wyoming gained 6,200 jobs, or 2.3%. Healthy job gains were seen across many industries, but Natural Resources & Mining (including oil & gas) continued to rank as the fastest growing industry (2,200 jobs, or 10.9%). Other notable increases occurred in Construction (900 jobs, or 4.3%), Wholesale Trade (300 jobs, or 4.1%), Transportation & Warehousing (300 jobs, or 2.5%), Professional & Business Services (600 jobs, or 3.7%), Educational & Health Services (600 jobs, or 2.8%), and Leisure & Hospitality (900 jobs, or 2.5%). Employment remained stable in Manufacturing, Retail Trade, and Government.

From May to June, unemployment followed its normal seasonal pattern and fell in every county. Teton County posted the largest decrease, falling from 3.7% in May to 2.7% in June. Fremont County’s unemployment rate of 4.7% in June was the highest in the state. It was followed by Platte and Big Horn counties (both 4.3%). The lowest unemployment rate was found in Sublette County (2.0%), followed by Campbell County (2.6%) and Teton County (2.7%).

 

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