Cheyenne, Wyo. - The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state’s seasonally adjusted unemployment rate fell from 4.1% in May to 3.9% in June (a statistically significant decrease).
Seasonally adjusted employment of Wyoming residents decreased from May to June, falling by an estimated 2,088 individuals (-0.7%; a statistically significant decrease). From June 2016 to June 2017, Wyoming’s labor force dropped by an estimated 5,210 people (-1.7%), suggesting that individuals have moved to other states and/or given up their job search.
From May to June, unemployment rates fell in 13 counties, rose slightly in nine counties, and remained steady in Campbell County. The largest decreases were seen in Teton (down from 3.9% to 2.2%), Sublette (down from 4.5% to 4.0%), Crook (down from 3.5% to 3.1%), Lincoln (down from 3.7% to 3.3%), and Park (down from 3.9% to 3.5%) counties. Unemployment rates rose slightly in Niobrara (up from 2.7% to 3.3%), Albany (up from 2.8% to 3.3%), and Goshen (up from 2.8% to 3.1%) counties. It is not unusual for unemployment rates to increase in June as young people get out of school and start looking for work.
From June 2016 to June 2017, unemployment rates fell in every county and labor force decreased in 19 counties. The largest unemployment rate decreases occurred in Campbell (down from 8.2% to 5.1%), Converse (down from 7.1% to 4.2%), Natrona (down from 7.7% to 5.3%), and Sweetwater (down from 6.7% to 4.5%) counties.
Fremont County (5.4%) posted the highest unemployment rate in June. It was followed by Natrona (5.3%), Campbell (5.1%), and Sweetwater (4.5%) counties. The lowest unemployment rates were found in Teton (2.2%), Crook (3.1%), and Goshen (3.1%) counties.
The estimate of total nonfarm jobs (not seasonally adjusted and measured by place of work) fell from 289,100 in June 2016 to 286,700 in June 2017, a decrease of 2,400 jobs (or –0.8%; not a statistically significant change).
Research & Planning has scheduled the July employment news release for August 22, 2017.