Sep 29, 2015

August unemployment rate down in U.S., Wyoming and Park County

Unemployment rates have dropped in the U.S., Wyoming and Park County over the last year.

National unemployment rates dropped from 6.3 percent in August 2014 to 5.2 percent in August of this year. That's nearly half of where the rates peaked in October 2009, at 10 percent.

In Wyoming, unemployment rates dropped from 3.9 percent to 3.5 percent between August 2014 and August 2015. In Park County, they dropped from 3.8 percent to 3.1 percent.

Park County was one of 16 counties were the unemployment rates decreased between August 2014 and August 2015. Unemployment went up in five other counties and stayed the same in two.

According to estimates from Research & Planning section of the Wyoming Department of Workforce Services, 16,869 people were working in Park County last month about 400 more than were employed in August 2014.

Total non-farm employment in Wyoming rose from 299,900 in August 2014 to 301,600 in August 2015, a gain of 1,700 jobs (0.6 percent) and not a statistically significant change, according to the Department of Workforce Services.

Wyoming’s seasonally adjusted unemployment rate fell very slightly from 4.1 percent in July to 4.0 percent in August, a drop that Workforce Services similarly describes as not statistically significant.

From July to August, most county unemployment rates followed their normal seasonal pattern and fell modestly, according to the Department of Workforce Services. Park County's rate fell from 3.2 to 3.1 percent.

Seasonally adjusted employment of Wyoming residents increased slightly, rising by an estimated 354 individuals (0.1 percent) from July to August. This level of over-the-month employment growth is a normal change, according to Workforce Services.

Wyoming's unemployment rate has stayed between 4 and 4.2 percent in each of the past nine months, Workforce Service says.


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