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Park County recorded a higher unemployment rate than the state average, a higher rate than the month prior and a higher rate than the year before according to a release from the Wyoming Department of …
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Park County recorded a higher unemployment rate than the state average, a higher rate than the month prior and a higher rate than the year before according to a release from the Wyoming Department of Workforce Services.
In all, 693 county residents were reported as unemployed in March out of total labor force of 14,934, for a rate of 4.6%, up from 4.4% the month before and 4.1% last March.
The state average for March was 4.1% (3.7% seasonally adjusted. The state’s seasonally adjusted unemployment rate fell from 3.8% in February to 3.7% in March. Wyoming’s unemployment rate was higher than its March 2022 level of 3.3% and slightly higher than the current U.S. unemployment rate of 3.5%. From February to March, seasonally adjusted employment of Wyoming residents rose by 1,467 individuals (0.5%) as people returned to work. Additionally, the state’s labor force, which is comprised of employed and unemployed individuals, rose by 7,027 people, or 2.4% from March 2022 to March 2023.
From February to March, most county unemployment rates remained fairly stable. Niobrara County’s unemployment rate fell from 4.7% to 3.5%. Notable increases in unemployment were seen in Washakie (up from 4.6% to 5.8%), Hot Springs (up from 3.2% to 3.8%), Converse (up from 2.8% to 3.2%), and Sweetwater (up from 4.7% to 5.1%) counties.
From March 2022 to March 2023, unemployment rates rose in 20 counties and fell in three counties. The largest increases occurred in Washakie (up from 4.4% to 5.8%) and Carbon (up from 3.7% to 4.5%) counties. Jobless rates fell in Weston (down from 3.2% to 2.7%), Campbell (down from 3.9% to 3.6%), and Converse (down from 3.4% to 3.2%) counties.
In March, Teton County had the lowest unemployment rate at 2.6%. It was followed by Weston County at 2.7% and Converse County at 3.2%. The highest unemployment rates were reported in Washakie County at 5.8%, Sweetwater County at 5.1%, and Fremont County at 4.9%.
Total nonfarm employment in Wyoming (not seasonally adjusted and measured by place of work) rose from 277,400 in March 2022 to 284,100 in March 2023, an increase of 6,700 jobs (2.4%).
— Zac Taylor contributed reporting
