Wyoming’s Unemployment Rate Down Again
Wyoming's seasonally adjusted unemployment rate in March was 5.3 % down from 5.4 % in February. David Bullard, Senior Economist with the Research & Planning section of the Wyoming Department of Workforce Services, says it's the seventh consecutive month the rate has gone down. Wyoming's rate is is significantly lower than the current U.S. rate of 8.2%.
Bullard says seasonally adjusted employment of Wyoming residents was basically unchanged from February to March, but increased significantly from a year earlier (a gain of 5,532 individuals, or 1.9%).
Most county unemployment rates remained fairly stable from February to March. Jobless rates edged upward in Big Horn (up from 6.6% to 7.0%) and Sublette (up from 3.2% to 3.5%) counties while decreasing slightly in Johnson (down from 7.8% to 7.3%), Platte (down from 6.5% to 6.1%), Hot Springs (down from 5.3% to 5.0%), and Fremont (down from 7.4% to 7.1%) counties.
Sublette County reported the lowest jobless rate in March (3.5%). It was followed by Campbell (4.6%), Albany (4.7%), and Converse (4.8%) counties. The highest unemployment rates were found in Lincoln (8.9%), Johnson (7.3%), and Sheridan (7.2%) counties.
Total non farm employment (measured by place of work) increased from 278,000 in March 2011 to 280,400 in March 2012, a gain of 2,400 jobs (0.9%).