Unemployment falls as people leave work force

By: 
Wyoming News Exchange,

Unemployment falls as people leave work force

 

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 decreased 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. The largest decreases occurred in Niobrara (down from 2.4% to 1.9%), Sublette (down from 3.4% to 3.0%), Natrona (down from 3.7% to 3.3%), Hot Springs (down from 2.4% to 2.0%) and Campbell (down from 3.3% to 2.9%) counties. From October 2020 to October 2021, jobless rates decreased in every county. Unemployment rates were unusually high in October 2020 because of the pandemic. The largest decreases were seen in Natrona (down from 6.6% to 3.3%), Converse (down from 5.5% to 2.5%), Campbell (down from 5.9% to 2.9%) and Sweetwater (down from 5.4% to 3.1%) counties. 

Natrona County had the highest unemployment rate in October at 3.3%.

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