Wyoming’s Economy: Past and Present

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Presentation transcript:

Wyoming’s Economy: Past and Present Presented to: Wyoming Auctioneers’ Association 15th Annual Convention January 22, 2010 By: Doug Leonard Principal Economist Wyoming Department of Employment Research & Planning dleona1@state.wy.us (307)473-3811 2/25/2019

Topics Who/What is Research & Planning What we do The view from 30,000 feet The view from the ground Conclusion/Questions 2/25/2019

Who We Are… 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. 2/25/2019

What we do…. Estimate employment and unemployment Calculate turnover Analyze worker commuting Analyze worker benefits Develop projections Analyze occupational injuries and illnesses 2/25/2019

The View from 30,000 Feet 2/25/2019

Source: Quarterly Census of Employment and Wages 2/25/2019

Enron, etc. Federal Fiscal Reforms Source: Quarterly Census of Employment and Wages 2/25/2019

Source: Bureau of Labor Statistics 2/25/2019

Five consecutive years of declining rates Source: WYDOE, R&P 2/25/2019

Source: Intercontinental Exchange Kern River Pipeline REX Pipeline 2/25/2019 Source: Intercontinental Exchange

Source: Baker Hughes, Inc. 2/25/2019

Rockies Express Pipeline Source: Rockies Express, LLC 2/25/2019

Ruby Pipeline (Proposed) Source: Ruby Pipeline, LLC 2/25/2019

More than 50,000 nonresidents worked in WY during 2008 - 2009 Source: WYDOE, R&P 2/25/2019

Ground-Level View 2/25/2019

Turnover Components 2/25/2019

Source: WYDOE, R&P 2/25/2019

Worker Commuting 2/25/2019

What are commuting patterns? Link place of work to place of residence Estimates based on a model 2/25/2019

Commuting Terminology Inter>>>>>>”Between” Intra>>>>>>”Within” Inflow and Outflow It’s all relative! 2/25/2019

Source: WYDOE, R&P 2/25/2019

2/25/2019

Work-related Injuries 2/25/2019

TTD=Temporary Total Disability, PPI = Permanent Partial Impairment, PPD = Permanent Partial Disability, PTD = Permanent Total Disability 2/25/2019 Source: WYDOE, R&P

TTD=Temporary Total Disability, PPI = Permanent Partial Impairment, PPD = Permanent Partial Disability, PTD = Permanent Total Disability Source: WYDOE, R&P 2/25/2019

Questions for attendees: What are your interests/needs for data and/or analysis? What are the main drivers of your businesses? If we were to present to your organization in the future, what topics should be covered? 2/25/2019