Wyoming Jobless Rate Falls to 3.7 Percent in May
Wyoming's seasonally adjusted unemployment rate fell to 3.7 percent in May, down slightly from the April jobless rate of 3.8 percent, according to just-released figures from the Research and Planning Section of the Wyoming Department of Workforce Services.
Senior Economist David Bullard said last month's rate compares to a May 2017 Wyoming unemployment rate of 4.0 percent. While that isn't a big year-over-year drop, Bullard said the fact that the long-term trend is towards lower unemployment is still good news for Wyoming's economy.
He said one concern is that the size of the size of the state labor force continues to shrink, but he said that may be because of strong economies in the states surrounding Wyoming more than a reflection of the Cowboy State's economy.
In a year-over-year comparison, the biggest drops in unemployment were found in Campbell County (4.8 percent to 3.8 percent) Sublette County (4.3 percent to 3.7 percent) and Natrona County (5.0 to 4.4 percent).
Bullard said the fact that major energy producing counties such as those three are seeing big drops in joblessness bodes well for the state economy overall.