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Wyoming Department of Workforce Services

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Wyoming Labor Force Trends

October 2023 | Volume 60, No. 10

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Growing and Declining Industries in Wyoming, 2023Q1

Article | Table

by: Laura Yetter, Senior Economist

The Research & Planning (R&P) section of the Wyoming Department of Workforce Services publishes quarterly reports on growing and declining industries in Wyoming online at https://doe.state.wy.us/LMI/G_DInd/G_D_Industries.htm. The most recent report available is for first quarter 2023 (2023Q1).

A growing or declining industry is defined as an industry’s employment level increasing or decreasing for two quarters by 5% or more over the year based on data from the Quarterly Census of Employment and Wages. For example, all industries that grew or declined in employment by at least 5% from 2021Q4 to 2022Q4 and subsequently from 2022Q1 to 2023Q1 were included in the respective tables in this article. Only subsectors with employment of 100 or more are included in the growing and declining industries for Wyoming.

Industries are defined by the North American Industry Classification System (NAICS). For this research, growing and declining industries are determined at the three-digit subsector level.

Wyoming had 13 growing industries in 2023Q1 (see Table 1), which accounted for 17.8% of all industries and 12.6% of the state's total employment. Examples of growing industries included support activities for mining (18.5% average change), professional & technical services (6.5%), and merchant wholesalers, durable goods (7.6%).

There were nine declining industries in 2022Q4, which made up 12.3% of all industries and 4.0% of the state's total employment.