The Current Labor Market Profile

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Presentation transcript:

The Current Labor Market Profile Presented by Tom Gallagher Research & Planning Wyoming Department of Employment November 30, 2010 1/16/2019

Who is Research & Planning OUR ORGANIZATION: R&P is a separate, exclusively statistical entity. WHAT WE DO: R&P collects, analyzes, and publishes timely and accurate labor market information (LMI) meeting established statistical standards. OUR CUSTOMERS: LMI makes the labor market more efficient by providing the public and the public’s representatives with the basis for informed decision making. 1/16/2019

What Happened? Wyoming lost 20,600 jobs from December 2008 to December 2009 (-9.4%) Unemployment Insurance benefit payments reached a record high in 2009 The average annual wage for men decreased in 2009 Many of those who lost jobs in 2009 remained unemployed during first or second quarter 2010 1/16/2019

Then & Now: Average Monthly Employment (Place of Work) 1/16/2019

Then & Now: Total Payroll (Place of Work) 1/16/2019

Job Losses, 2008-2009 Resident Male Workers: -9,514 (-5.7%) 2009 Average Wage: $40,840 (-3.4%) Resident Female Workers: -5,528 (-3.9%) 2009 Average Wage: $25,016 (3.8%) Nonresident Workers: -11,845 (-16.3%) 2009 Average Wage: $14,329 (6.3%) Gender/Wage Gap Declines from 57.0% in 2008 to 61.3% in 2009 1/16/2019

Initial Unemployment Claims: 1997-2010 1/16/2019

Hires in Wyoming 1/16/2019

Then & Now: Employment 2009 2010* Change (n) Change (%) Labor Force 293,927 291,987 -1,490 -0.7% Employ-ment 275,217 271,673 -3,541 -1.3% Unemploy-ment 18,710 20,314 1,604 7.9% Unemploy-ment Rate 6.4% 7.0% -- 0.6% 1/16/2019 *Forecast

Major Worker Commuting Destinations for Natrona County Residents, 2009Q4 1/16/2019

Major Worker Commuting Destinations for Natrona County Residents and Within-County Non-Resident Commuters, 2007Q4* *1,296 non-resident workers commuted to an unknown county. 1/16/2019

Non-resident commuters: 1,296 (30.9%) Total All Counties: 4,194 (100%) Top 5 Major Commuting Destinations for Natrona County Residents and Within-County Non-Resident Commuters, 2007Q4* Laramie: 686 (16.4%) Campbell: 372 (8.9%) Converse: 327 (7.8%) Fremont: 254 (6.1%) Sweetwater: 251 (6.0%) Non-resident commuters: 1,296 (30.9%) Total All Counties: 4,194 (100%) 1/16/2019

Over-the-Year Change in Monthly Employment, Second Quarter 2009 and 2010 1/16/2019

Job Change for October 2010: Select Industries 1/16/2019

Demographics Influence Health Care Job Growth 1/16/2019

Health Care Employment and Wages, 2010Q2 1/16/2019

Health Care Employment and Wages Health care & social assistance makes up a larger percentage of the work force in Natrona County than in Wyoming The average monthly wage for health care & social assistance in Natrona County was 9.9% higher than in Wyoming 1/16/2019

Non-Resident Workers Percentage has grown substantially from 2000 Unemployment rate doesn’t account for non-resident workers Non-resident UI claimants in 2009 unlikely to be employed in Wyoming during first two quarters of 2010 1/16/2019

Non-Resident UI Claimants 1/16/2019

Wyoming’s Unemployment Rate The state’s unemployment rate does not account for non-resident workers who collect UI benefits from Wyoming but reside elsewhere 1/16/2019

If Non-Resident UI Claimants Were Included … Wyoming’s unemployment rate moves higher, from 49th highest to 35th 1/16/2019

Re-Employment Opportunities Diminish 41.94% of those who filed Unemployment Insurance (UI) claims in 2009 were not employed in Wyoming during first or second quarter 2010 Among non-residents, 74.12% who collected UI benefits in 2009 were not employed during first or second quarter 2010 1/16/2019

Post-Job Loss Re-Employment Chances Diminish Percentage of UI claimants working in Wyoming in first or second quarter of the year following job loss 1/16/2019

Wyoming UI Recipients by Education Level, 2009 1/16/2019

Consequences of Long-Term Unemployment Nationally in September 2010, there were an estimated 6.1 million unemployed, or 43% of the unemployed, out of work 6 months or more. Loss of self-confidence in abilities Skills begin to depreciate Resources to finance consumption depleted Family stress Sometimes divorce 1/16/2019

Number of Divorces in Wyoming 1/16/2019

Contact us Research & Planning (307) 473-3814 doeerd_r&p_web@state.wy.us 246 S. Center St. Casper, WY 82601 http://doe.state.wy.us/LMI 1/16/2019