© Copyright 2019 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Falls to 3.7% in March

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 3.9% in February to 3.7% in March. Wyoming’s unemployment rate was slightly lower than the current U.S. rate of 3.8%.

Most county unemployment rates changed very little from February to March. Rates rose in 10 counties, fell in nine counties, and were unchanged in four counties. Crook County’s unemployment rate increased from 3.1% to 4.2%, Niobrara County’s rate increased from 2.3% to 2.9%, and Washakie County’s rate increased from 4.4% to 4.9%. Unemployment rates fell in Park (down from 5.2% to 4.8%), Fremont (down from 5.1% to 4.7%), and Carbon (down from 4.1% to 3.7%) counties.

From March 2018 to March 2019, unemployment rates fell in 20 counties and rose slightly in three counties. The largest decreases were seen in Platte County (down from 4.9% to 3.5%), Fremont County (down from 5.9% to 4.7%), Sheridan County (down from 5.1% to 4.0%), and Converse County (down from 4.1% to 3.0%). Crook County’s unemployment rate rose from 3.8% in March 2018 to 4.2% in March 2019.

The lowest unemployment rate in the state was found in Teton County at 2.4%. It was followed by Niobrara County and Albany County, both at 2.9%, and Converse County at 3.0%. The highest rates were reported in Washakie County at 4.9%, Park County at 4.8%, and Fremont County at 4.7%.

Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) increased from 278,200 in March 2018 to 283,700 in March 2019, a gain of 5,500 jobs (2.0%).

Research & Planning has scheduled the April employment news release for May 21, 2019.



Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                             Change
                                                                                  Month                    Year
                                   March-19  February-19     March-18      absolute     percent    absolute     percent
Total Civilian Labor Force          289,813      289,724      289,862          89        0.0%         -49        0.0%
Employed                            279,077      278,540      278,420         537        0.2%         657        0.2%
Unemployed                           10,736       11,184       11,442        -448       -4.0%        -706       -6.2%
Unemployment Rate                       3.7          3.9          3.9


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 March 2019
 
    County			          Rate*
Teton County, WY                           2.4
Albany County, WY                          2.9
Niobrara County, WY                        2.9
Converse County, WY                        3.0
Weston County, WY                          3.4
Goshen County, WY                          3.5
Platte County, WY                          3.5
Campbell County, WY                        3.6
Laramie County, WY                         3.6
Lincoln County, WY                         3.6
Carbon County, WY                          3.7
Hot Springs County, WY                     3.8
Wyoming                                    3.8
Natrona County, WY                         4.0
Sheridan County, WY                        4.0
Sweetwater County, WY                      4.0
Uinta County, WY                           4.1
Crook County, WY                           4.2
Johnson County, WY                         4.5
Sublette County, WY                        4.5
Big Horn County, WY                        4.6
Fremont County, WY                         4.7
Park County, WY                            4.8
Washakie County, WY                        4.9

*preliminary


Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for March 2019

                                 Month ago                     Over-the-Month   
    County                          rate            Rate*        Rate Change    
Carbon County, WY                    4.1             3.7            -0.4
Fremont County, WY                   5.1             4.7            -0.4
Park County, WY                      5.2             4.8            -0.4
Sweetwater County, WY                4.3             4.0            -0.3
Natrona County, WY                   4.2             4.0            -0.2
Sheridan County, WY                  4.2             4.0            -0.2
Big Horn County, WY                  4.7             4.6            -0.1
Sublette County, WY                  4.6             4.5            -0.1
Uinta County, WY                     4.2             4.1            -0.1
Campbell County, WY                  3.6             3.6             0.0
Converse County, WY                  3.0             3.0             0.0
Goshen County, WY                    3.5             3.5             0.0
Weston County, WY                    3.4             3.4             0.0
Wyoming                              3.8             3.8             0.0
Lincoln County, WY                   3.5             3.6             0.1
Platte County, WY                    3.4             3.5             0.1
Albany County, WY                    2.7             2.9             0.2
Johnson County, WY                   4.3             4.5             0.2
Laramie County, WY                   3.4             3.6             0.2
Teton County, WY                     2.2             2.4             0.2
Hot Springs County, WY               3.5             3.8             0.3
Washakie County, WY                  4.4             4.9             0.5
Niobrara County, WY                  2.3             2.9             0.6
Crook County, WY                     3.1             4.2             1.1

*preliminary



Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year percent
changes ranked from lowest to highest for March 2019
 
                                     Year ago                    Over-the-Year   
   County                              Rate            Rate*       Rate Change    
Platte County, WY                       4.9             3.5            -1.4
Fremont County, WY                      5.9             4.7            -1.2
Converse County, WY                     4.1             3.0            -1.1
Sheridan County, WY                     5.1             4.0            -1.1
Big Horn County, WY                     5.5             4.6            -0.9
Carbon County, WY                       4.5             3.7            -0.8
Natrona County, WY                      4.8             4.0            -0.8
Campbell County, WY                     4.3             3.6            -0.7
Park County, WY                         5.5             4.8            -0.7
Uinta County, WY                        4.8             4.1            -0.7
Weston County, WY                       4.1             3.4            -0.7
Lincoln County, WY                      4.2             3.6            -0.6
Sweetwater County, WY                   4.6             4.0            -0.6
Wyoming                                 4.4             3.8            -0.6
Hot Springs County, WY                  4.3             3.8            -0.5
Washakie County, WY                     5.4             4.9            -0.5
Laramie County, WY                      4.0             3.6            -0.4
Teton County, WY                        2.8             2.4            -0.4
Albany County, WY                       3.2             2.9            -0.3
Johnson County, WY                      4.7             4.5            -0.2
Sublette County, WY                     4.7             4.5            -0.2
Goshen County, WY                       3.3             3.5             0.2
Niobrara County, WY                     2.7             2.9             0.2
Crook County, WY                        3.8             4.2             0.4

*preliminary




Wyoming Department of Workforce Services
Research & Planning

April 23, 2019

Contacts:

David Bullard, Senior Economist, 307-473-3810


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



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