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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 (307) 2/25/2019
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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
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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
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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
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The View from 30,000 Feet 2/25/2019
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Source: Quarterly Census of Employment and Wages
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Enron, etc. Federal Fiscal Reforms Source: Quarterly Census of Employment and Wages 2/25/2019
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Source: Bureau of Labor Statistics
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Five consecutive years of declining rates
Source: WYDOE, R&P 2/25/2019
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Source: Intercontinental Exchange
Kern River Pipeline REX Pipeline 2/25/2019 Source: Intercontinental Exchange
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Source: Baker Hughes, Inc.
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Rockies Express Pipeline
Source: Rockies Express, LLC 2/25/2019
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Ruby Pipeline (Proposed)
Source: Ruby Pipeline, LLC 2/25/2019
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More than 50,000 nonresidents worked in WY during 2008 - 2009
Source: WYDOE, R&P 2/25/2019
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Ground-Level View 2/25/2019
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Turnover Components 2/25/2019
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Source: WYDOE, R&P 2/25/2019
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Worker Commuting 2/25/2019
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What are commuting patterns?
Link place of work to place of residence Estimates based on a model 2/25/2019
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Commuting Terminology
Inter>>>>>>”Between” Intra>>>>>>”Within” Inflow and Outflow It’s all relative! 2/25/2019
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Source: WYDOE, R&P 2/25/2019
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2/25/2019
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Work-related Injuries
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TTD=Temporary Total Disability, PPI = Permanent Partial Impairment, PPD = Permanent Partial Disability, PTD = Permanent Total Disability 2/25/2019 Source: WYDOE, R&P
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TTD=Temporary Total Disability, PPI = Permanent Partial Impairment, PPD = Permanent Partial Disability, PTD = Permanent Total Disability Source: WYDOE, R&P 2/25/2019
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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
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