Wyoming Unemployment Dropped Slightly in February 2023
Written by Andrew-Rossi on March 28, 2023
The Research & Planning section of the Wyoming Department of Workforce Services reports that the state’s seasonally adjusted unemployment rate fell from 3.9% in January to 3.8% in February.
Wyoming’s unemployment rate was slightly higher than the current U.S. rate of 3.6% and higher than its February 2022 level of 3.4%. From January to February, seasonally adjusted employment of Wyoming residents rose by 1,180 people (0.4%), suggesting that people were going back to work.
From January to February, unemployment rates fell in every county in Wyoming. Unemployment often decreases in February as seasonal job gains occur in various sectors.
Large decreases in unemployment were seen in Sweetwater (down from 5.3% to 4.7%), Platte (down from 4.5% to 4.0%), Albany (down from 3.8% to 3.4%), Big Horn (down from 5.2% to 4.8%), Campbell (down from 4.0% to 3.6%), Carbon (down from 4.8% to 4.4%), and Converse (down from 3.3% to 2.9%) counties.
From February 2022 to February 2023, unemployment rates rose in 15 counties, fell in five counties, and remained unchanged in three counties.
The largest increases occurred in
- Niobrara (up from 2.7% to 4.7%)
- Lincoln (up from 3.5% to 4.1%)
- Fremont (up from 4.4% to 5.0%) counties
Notable declines in unemployment were seen in Converse (down from 3.5% to 2.9%) and Campbell (down from 4.0% to 3.6%) counties.
Fremont County had the highest unemployment rate in February at 5.0%. It was followed by Sublette County and Big Horn County, each at 4.8%.
The lowest unemployment rates were found in Teton County at 2.5%, Weston County at 2.8%, and Converse County at 2.9%.
Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 276,000 in February 2022 to 283,000 in February 2023, an increase of 7,000 jobs (2.5%).
Research & Planning has scheduled the March unemployment news release for April 24, 2023.
