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

Wyoming Unemployment Unchanged at 3.0% in December 2023

The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate remained unchanged from November to December at 3.0%. Wyoming’s unemployment rate was considerably lower than its December 2022 level of 3.9% and lower than the current U.S. unemployment rate of 3.7%.

From November to December, unemployment rates decreased in every county. It is somewhat unusual to see county unemployment rates fall in December. The largest decreases occurred in Teton (down from 3.7% to 2.0%), Hot Springs (down from 2.9% to 2.2%), Uinta (down from 3.4% to 2.8%), Goshen (down from 2.8% to 2.2%), and Albany (down from 2.7% to 2.1%) counties.

From December 2022 to December 2023, unemployment rates fell in every county, suggesting that the state’s labor market continues to tighten. The largest decreases occurred in Carbon (down from 4.1% to 2.7%), Washakie (down from 3.9% to 2.6%), Sweetwater (down from 4.2% to 2.9%), Sublette (down from 4.3% to 3.0%), and Sheridan (down from 3.6% to 2.3%) counties.

The highest unemployment rates in December were found in Big Horn County at 3.3%, Sublette County at 3.0%, and Sweetwater County at 2.9%. The lowest unemployment rates were reported in Teton County at 2.0%, and Weston, Converse, and Albany counties, each at 2.1%.

Current Employment Statistics (CES) estimates show that total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 286,700 in December 2022 to 295,000 in December 2023, an increase of 8,300 jobs (2.9%).

January unemployment data will be released on March 12, 2024.


Wyoming Seasonally Adjusted Statewide Labor Force Estimates
                                                                                               Change
                                                                                     Month                    Year
                                  December-23   November-23   December-22     absolute     percent    absolute     percent
Total Civilian Labor Force           297,661       298,253       293,595        -592       -0.2%       4,066        1.4%
Employed                             288,693       289,233       282,247        -540       -0.2%       6,446        2.3%
Unemployed                             8,968         9,020        11,348         -52       -0.6%      -2,380      -21.0%
Unemployment Rate                        3.0           3.0           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 December 2023
 
                  
   County                                   Rate*
Teton County, WY                             2.0
Albany County, WY                            2.1
Converse County, WY                          2.1
Weston County, WY                            2.1
Goshen County, WY                            2.2
Hot Springs County, WY                       2.2
Campbell County, WY                          2.3
Crook County, WY                             2.3
Niobrara County, WY                          2.3
Sheridan County, WY                          2.3
Wyoming                                      2.5
Johnson County, WY                           2.6
Laramie County, WY                           2.6
Lincoln County, WY                           2.6
Washakie County, WY                          2.6
Carbon County, WY                            2.7
Natrona County, WY                           2.7
Park County, WY                              2.7
Platte County, WY                            2.7
Fremont County, WY                           2.8
Uinta County, WY                             2.8
Sweetwater County, WY                        2.9
Sublette County, WY                          3.0
Big Horn County, WY                          3.3

*preliminary

prepared by: Carola Cowan, BLS Programs Supervisor, 01/19/2024


Table 2: Wyoming counties not seasonally adjusted unemployment rates over-the-month rate
changes ranked from lowest to highest for December 2023

                                  Month ago              Over-the-Month   
    County                           rate        Rate*     Rate Change    
Teton County, WY                     3.7          2.0         -1.7
Hot Springs County, WY               2.9          2.2         -0.7
Albany County, WY                    2.7          2.1         -0.6
Goshen County, WY                    2.8          2.2         -0.6
Uinta County, WY                     3.4          2.8         -0.6
Campbell County, WY                  2.8          2.3         -0.5
Lincoln County, WY                   3.1          2.6         -0.5
Park County, WY                      3.2          2.7         -0.5
Sublette County, WY                  3.5          3.0         -0.5
Wyoming                              3.0          2.5         -0.5
Laramie County, WY                   3.0          2.6         -0.4
Natrona County, WY                   3.1          2.7         -0.4
Washakie County, WY                  3.0          2.6         -0.4
Converse County, WY                  2.4          2.1         -0.3
Fremont County, WY                   3.1          2.8         -0.3
Johnson County, WY                   2.9          2.6         -0.3
Sheridan County, WY                  2.6          2.3         -0.3
Sweetwater County, WY                3.2          2.9         -0.3
Big Horn County, WY                  3.5          3.3         -0.2
Carbon County, WY                    2.9          2.7         -0.2
Niobrara County, WY                  2.5          2.3         -0.2
Platte County, WY                    2.9          2.7         -0.2
Crook County, WY                     2.4          2.3         -0.1
Weston County, WY                    2.2          2.1         -0.1

*preliminary

prepared by: Carola Cowan, BLS Programs Supervisor, 01/19/2024




Table 3: Wyoming counties not seasonally adjusted unemployment rates over-the-year
changes ranked from lowest to highest for December 2023
 
                                  Year ago                Over-the-Year   
   County                           Rate         Rate*     Rate Change    
Carbon County, WY                    4.1          2.7         -1.4
Sheridan County, WY                  3.6          2.3         -1.3
Sublette County, WY                  4.3          3.0         -1.3
Sweetwater County, WY                4.2          2.9         -1.3
Washakie County, WY                  3.9          2.6         -1.3
Niobrara County, WY                  3.5          2.3         -1.2
Park County, WY                      3.9          2.7         -1.2
Platte County, WY                    3.9          2.7         -1.2
Fremont County, WY                   3.9          2.8         -1.1
Johnson County, WY                   3.7          2.6         -1.1
Natrona County, WY                   3.8          2.7         -1.1
Wyoming                              3.6          2.5         -1.1
Albany County, WY                    3.1          2.1         -1.0
Laramie County, WY                   3.6          2.6         -1.0
Uinta County, WY                     3.8          2.8         -1.0
Campbell County, WY                  3.2          2.3         -0.9
Goshen County, WY                    3.1          2.2         -0.9
Hot Springs County, WY               3.1          2.2         -0.9
Lincoln County, WY                   3.5          2.6         -0.9
Big Horn County, WY                  4.1          3.3         -0.8
Crook County, WY                     3.1          2.3         -0.8
Converse County, WY                  2.8          2.1         -0.7
Teton County, WY                     2.5          2.0         -0.5
Weston County, WY                    2.5          2.1         -0.4

*preliminary

prepared by: Carola Cowan, BLS Programs Supervisor, 01/19/2024


Wyoming Department of Workforce Services
Research & Planning

January 24, 2024

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

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


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