Unemployment rates steady in Wyoming
Date posted: July 25, 2013
SHERIDAN — Monthly unemployment in Wyoming remained unchanged at 4.6 percent in June, according to data released this week by the Research and Planning Section of the Wyoming Department of Workforce Services.
That figure represents an estimated 14,086 people across the state.
While government and business leaders across Wyoming have touted the need for statewide economic development initiatives in recent months, Wyoming’s unemployment rate remains significantly lower than both its June 2012 level of 5.5 percent and the current national rate of 7.6 percent.
The recent lack of movement in the statewide rate is a sign of regional economic stability, Bureau of Labor Statistics programs supervisor Carola Cowan said.
“It’s been tapering off (in recent months) and at one point you have to level off,” she said. “It won’t go zero.”
Since June 2012, Sheridan County has seen one of the largest drops in unemployment among Wyoming counties. Local jobless claims fell from 6.2 percent to 4.9 percent during that period.
While unemployment rates fell in every county across the state since last summer, only Lincoln County and Laramie County saw steeper drops than Sheridan County.
Sheridan County Chamber of Commerce Executive Director Dixie Johnson said the sharp decline is likely due in part to recent growth by local manufacturing firms.
“Part of what has maybe contributed was the success of manufacturing companies we have in the area,” she said. “They’re providing jobs and access to training.”