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CHEYENNE (WNE) — The Research and Planning Section of the Wyoming Department of Workforce Services reported Monday that the state’s seasonally adjusted unemployment rate dropped from 4.5% …
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CHEYENNE (WNE) — The Research and Planning Section of the Wyoming Department of Workforce Services reported Monday that the state’s seasonally adjusted unemployment rate dropped from 4.5% in September to 4.1% in October.
The recent decreases in Wyoming’s seasonally adjusted unemployment rate have been largely the result of unemployed individuals leaving the labor force. From October 2020 to October 2021, the number of unemployed people in Wyoming dropped by an estimated 3,955 individuals. Estimates suggest that just over one-third of those people (1,331 individuals) had found jobs and gone to work, while nearly two-thirds (2,624 individuals) had stopped looking for work and dropped out of the labor force.
From September to October, unemployment rates fell in most counties and from October 2020 to October 2021, jobless rates decreased in every county. Unemployment rates were unusually high in October 2020 because of the pandemic.
In Park County, the unemployment rate dropped from 3.5% in October 2020 to 2.3% last month. That was among a labor force of 15,758 people.
