© Copyright 2022 by the Wyoming Department of Workforce Services, Research & Planning

Wyoming Unemployment Falls to 3.2% in May 2022

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate decreased slightly from 3.3% in April to 3.2% in May. Wyoming’s unemployment rate is lower than the current U.S. rate of 3.6%. From April to May, seasonally adjusted employment of Wyoming residents rose by 523 individuals (0.2%) as people returned to work.

From April to May, unemployment rates followed their normal seasonal pattern and decreased in most counties. In May, warmer weather typically brings seasonal job gains in construction, professional & business services, leisure & hospitality, and government. The largest decreases in unemployment were seen in Teton (down from 4.3% to 3.3%), Sublette (down from 4.4% to 3.5%), Big Horn (down from 3.9% to 3.2%), and Park (down from 3.5% to 2.9%) counties.

From May 2021 to May 2022, unemployment rates fell in every county. The largest decreases occurred in key energy producing counties. Natrona County’s unemployment rate fell from 6.2% to 3.8%, Sweetwater County’s rate fell from 6.0% to 3.7%, Sublette County’s rate fell from 5.8% to 3.5%, Converse County’s rate fell from 5.1% to 2.8%, and Campbell County’s rate fell from 5.5% to 3.3%.

Niobrara County, at 1.8%, had the lowest unemployment rate in May. It was followed by Crook County at 2.2%, and Weston and Goshen counties, both at 2.3%. The highest unemployment rates were found in Natrona County at 3.8%, Sweetwater County at 3.7%, and Sublette and Washakie counties, both at 3.5%.

Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 278,400 in May 2021 to 283,700 in May 2022, an increase of 5,300 jobs (1.9%). Employment was unusually low in 2021 because of economic disruptions related to the pandemic.

Research & Planning has scheduled the June unemployment news release for July 25, 2022.


Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                                Change
                                                                                      Month                    Year
                                     May-22       April-22        May-21      absolute     percent    absolute     percent
Total Civilian Labor Force           290,851       290,691       290,753         160        0.1%          98        0.0%
Employed                             281,623       281,100       277,103         523        0.2%       4,520        1.6%
Unemployed                             9,228         9,591        13,650        -363       -3.8%      -4,422      -32.4%
Unemployment Rate                        3.2           3.3           4.7


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 May 2022
 
                  
   County                        Rate*
Niobrara County, WY               1.8
Crook County, WY                  2.2
Goshen County, WY                 2.3
Weston County, WY                 2.3
Hot Springs County, WY            2.4
Albany County, WY                 2.5
Johnson County, WY                2.6
Platte County, WY                 2.6
Sheridan County, WY               2.7
Converse County, WY               2.8
Carbon County, WY                 2.9
Laramie County, WY                2.9
Lincoln County, WY                2.9
Park County, WY                   2.9
Wyoming                           3.1
Big Horn County, WY               3.2
Campbell County, WY               3.3
Fremont County, WY                3.3
Teton County, WY                  3.3
Uinta County, WY                  3.4
Sublette County, WY               3.5
Washakie County, WY               3.5
Sweetwater County, WY             3.7
Natrona County, WY                3.8

*preliminary


Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for May 2022

                                       Month ago             Over-the-Month   
    County                                rate       Rate*     Rate Change    
Teton County, WY                          4.3         3.3        -1.0
Sublette County, WY                       4.4         3.5        -0.9
Big Horn County, WY                       3.9         3.2        -0.7
Carbon County, WY                         3.5         2.9        -0.6
Johnson County, WY                        3.2         2.6        -0.6
Natrona County, WY                        4.4         3.8        -0.6
Park County, WY                           3.5         2.9        -0.6
Fremont County, WY                        3.8         3.3        -0.5
Weston County, WY                         2.8         2.3        -0.5
Converse County, WY                       3.2         2.8        -0.4
Sweetwater County, WY                     4.1         3.7        -0.4
Washakie County, WY                       3.9         3.5        -0.4
Wyoming                                   3.5         3.1        -0.4
Campbell County, WY                       3.6         3.3        -0.3
Crook County, WY                          2.5         2.2        -0.3
Platte County, WY                         2.9         2.6        -0.3
Sheridan County, WY                       3.0         2.7        -0.3
Hot Springs County, WY                    2.6         2.4        -0.2
Laramie County, WY                        3.1         2.9        -0.2
Lincoln County, WY                        3.1         2.9        -0.2
Niobrara County, WY                       2.0         1.8        -0.2
Goshen County, WY                         2.4         2.3        -0.1
Uinta County, WY                          3.5         3.4        -0.1
Albany County, WY                         2.4         2.5         0.1

*preliminary



Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year
changes ranked from lowest to highest for May 2022
 
                                    Year ago               Over-the-Year   
   County                             Rate         Rate*    Rate Change    
Natrona County, WY                     6.2          3.8         -2.4
Converse County, WY                    5.1          2.8         -2.3
Sublette County, WY                    5.8          3.5         -2.3
Sweetwater County, WY                  6.0          3.7         -2.3
Campbell County, WY                    5.5          3.3         -2.2
Uinta County, WY                       5.3          3.4         -1.9
Hot Springs County, WY                 4.2          2.4         -1.8
Niobrara County, WY                    3.6          1.8         -1.8
Fremont County, WY                     5.0          3.3         -1.7
Sheridan County, WY                    4.4          2.7         -1.7
Johnson County, WY                     4.2          2.6         -1.6
Wyoming                                4.7          3.1         -1.6
Platte County, WY                      4.1          2.6         -1.5
Laramie County, WY                     4.3          2.9         -1.4
Big Horn County, WY                    4.5          3.2         -1.3
Crook County, WY                       3.5          2.2         -1.3
Goshen County, WY                      3.6          2.3         -1.3
Weston County, WY                      3.6          2.3         -1.3
Lincoln County, WY                     4.0          2.9         -1.1
Park County, WY                        4.0          2.9         -1.1
Albany County, WY                      3.5          2.5         -1.0
Carbon County, WY                      3.8          2.9         -0.9
Teton County, WY                       4.2          3.3         -0.9
Washakie County, WY                    4.2          3.5         -0.7

*preliminary


Wyoming Department of Workforce Services
Research & Planning

June 20, 2022

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

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


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