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Wyo unemployment continues to inch downward

Wyo unemployment continues to inch downward

Tuesday, July 26, 2011

Wyo unemployment continues to inch downward
By Wyoming Business Report Staff

CHEYENNE - According to the Research & Planning section of the Wyoming Department of Workforce Services, the state's seasonally adjusted unemployment rate fell from 6.0 percent in May to 5.9 percent in June.

Wyoming's unemployment rate has been steadily decreasing since December 2009, when it was 7.7 percent. It is significantly lower than its year-ago level of 7.0 percent and the current U.S. rate of 9.2 percent. Seasonally adjusted employment fell slightly from May to June (down an estimated 413 individuals, or 0.1 percent).

Lincoln County posted the highest unemployment rate in June (7.3 percent). It was followed by Fremont and Big Horn counties (both 6.7 percent) and Laramie County (6.6 percent). Sublette County reported the lowest unemployment rate (3.3 percent), a position it has held for 13 consecutive months. Three other counties had unemployment rates lower than 5.0 percent (Campbell, 4.4 percent; Niobrara, 4.8 percent; and Converse, 4.9 percent).

From May to June, most unemployment rates followed their normal seasonal pattern and decreased. Teton County's unemployment rate dropped from 9.2 percent in May to 5.2 percent in June as the summer tourist season got into full swing. Lincoln County's rate fell from 8.6 percent to 7.3 percent; Park County's rate fell from 6.1 percent to 5.1 percent, and Carbon County's rate fell from 6.6 percent to 5.8 percent.

From June 2010 to June 2011, unemployment rates decreased in every county. The largest decreases occurred in energy-dependent counties. Uinta County's jobless rate fell from 7.0 percent to 5.3 percent; Campbell County's rate fell from 5.9 percent to 4.4 percent, and Sweetwater County's rate fell from 6.5 percent to 5.1 percent.

Total nonfarm employment increased to 298,700 in June, a gain of 6,900 jobs (2.4 percent) from its year-ago level. Despite this increase, employment was still down 9,400 jobs (or 3.1 percent) from June 2008.
Research & Planning has scheduled the July employment news release for Aug. 23.

The Research & Planning News Release featuring employment data for June 2011 is available online  at http://doe.state.wy.us/LMI/news.htm.

Wyoming Business Report