Wyoming’s Unemployment Rate Trending Downward
Wyoming’s seasonally adjusted unemployment rate fell from 4.4% in December to 4.3% in January, according to the Research & Planning section of the Wyoming Department of Workforce Services. Senior economist, David Bullard says Wyoming’s unemployment rate has been trending downward for the past four years, and remains significantly lower than the current U.S. unemployment rate of 6.6%. Seasonally adjusted employment of Wyoming residents rose, increasing by 1,961 individuals (0.7%) from December to January.
Bullard says nearly all county unemployment rates followed their normal seasonal pattern and increased from December to January. Seasonal job losses are often seen in January in many sectors, including construction, retail trade, professional & business services, and government.
The lowest unemployment rates were found in Sublette (3.6%), Converse (3.7%), and Campbell (4.0%) counties. Lincoln County posted the highest unemployment rate (7.1%). It was followed by Fremont (6.6%), Johnson (6.6%), Big Horn (6.2%), and Park (6.2%) counties.
From January 2013 to January 2014, unemployment fell in every county, suggesting continued improvement in the state’s economy. Unemployment decreased by a full percentage point or more in 15 of the state’s 23 counties.