Wyoming Jobless Rate Unchanged In July
A new report from the Research and Planning Section of the Wyoming Department of Workforce Services shows Wyoming's seasonally adjusted unemployment rate held steady at 5.7 percent in July.
While the statewide rate didn't change there was good news for some of the state's most populous counties. In Natrona County, which has been hit hard by job losses in the slumping energy industry, the jobless rate went down from 7.8 percent to 7.3 percent between June and July.
Laramie County, with the largest population in the state, saw its unemployment rate fall from 4.5 percent to 4 percent. Campbell County saw it's jobless rate fall from 7.8 percent to 7.5 percent, although it still had the highest unemployment rate in the state in July.
Carola Cowan of Research and Planning says she isn't ready to say the state jobless rate has stabilized yet until the numbers from the next couple of months or so are available.
The year-over-year numbers when compared to July 2015 weren't nearly so positive.
Statewide the unemployment rate is up 1.4 percent from the July 2015 jobless number of 4.3 percent. Natrona County saw its jobless rate jump from 4.8 percent to 7.3 percent over that period, while Campbell County saw an even bigger jump in unemployment, going from 3.8 percent to 7.5 percent between July 2015 and last month.
One trend that continued last month was the relatively low jobless rates of Wyoming counties that are not dependent on the energy industry for their economic well-being. Teton County had the lowest unemployment rate in the state last month at 2.1 percent.
Goshen, Niobrara and Albany Counties were all well below the statewide average at 3.5 percent unemployment in July 2016.
The U.S. unemployment rate for last month was 4.9 percent.