398 Policy Brief Trucking - Center for Labor Research and ...
Wyoming’s Labor Market: A Brief Overview
description
Transcript of Wyoming’s Labor Market: A Brief Overview
![Page 1: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/1.jpg)
1
Wyoming’s Labor Market: A Brief Overview
Doug Leonard, Principal EconomistWyoming Department of Workforce Services, Research & [email protected](307) 473-3811
Casper Kiwanis Club, February 2012
![Page 2: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/2.jpg)
2
Outline
IntroductionWho is Research & PlanningRecent history
Long-term employment trends Labor force dynamics The unemployed New hires Wyoming’s competition
![Page 3: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/3.jpg)
3
Research & Planning Research & Planning is a separate,
exclusively statistical entity. Research & Planning collects, analyzes,
and publishes timely and accurate labor market information (LMI) meeting established statistical standards.
LMI makes the labor market more efficient by providing the public and the public’s representatives with the basis for informed decision making.
![Page 4: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/4.jpg)
4
Wyoming’s Labor Market: What Happened? Wyoming lost 17,900 jobs from December 2008 to
December 2009 (-6.0%) Wyoming gained 4,000 jobs from December 2009 to
December 2010 (+1.4%) and 6,300 jobs (+2.2%) from December 2010 to December 2011
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 through the second quarter of 2010 Re-employment rates improved in 2011
![Page 5: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/5.jpg)
5
Historic Employment Trends
![Page 6: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/6.jpg)
6Source: Bureau of Labor Statistics
![Page 7: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/7.jpg)
7Source: Bureau of Labor Statistics
![Page 8: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/8.jpg)
8
Overview of Labor Force Dynamics
![Page 9: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/9.jpg)
9
Labor Market Churn Although Wyoming employment rose steadily for
17 years (1987 – 2004), a substantial amount of entry and exit occurred
Wyoming imports labor from other states during expansion and subsequently exports labor during contraction
Inflow: People who worked in Wyoming during the current year who did not work in Wyoming during the prior year
Outflow: People who worked in Wyoming during the current year who did not work in Wyoming during the subsequent year
![Page 10: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/10.jpg)
10
Inflow and Outflow of Wyoming Workers, 1993 - 2010
-90,000
-80,000
-70,000
-60,000
-50,000
-40,000
-30,000
-20,000
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year
Flo
w
Inflow
Outflow
Source: Wyoming Wage Records Database
![Page 11: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/11.jpg)
11
Net Flow of Wyoming Workers, 1993 - 2009
6,216
4,825
-150
2,590
4,1643,280
5,7514,931
6,188
1,086
5,5136,168
9,917
14,055
10,868
-515
-11,923-13,000
-12,000
-11,000
-10,000
-9,000
-8,000
-7,000
-6,000
-5,000
-4,000
-3,000
-2,000
-1,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Year
Ne
t W
ork
er
Flo
w
Source: Wyoming Wage Records Database
![Page 12: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/12.jpg)
12
The Unemployed
![Page 13: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/13.jpg)
13Source: Wyoming Unemployment Insurance Microdata
![Page 14: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/14.jpg)
14Source: Wyoming Unemployment Insurance Microdata
![Page 15: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/15.jpg)
15Source: Wyoming Unemployment Insurance Microdata and the Quarterly Census of Employment and Wages (QCEW)
![Page 16: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/16.jpg)
16Source: Wyoming Unemployment Insurance Microdata
![Page 17: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/17.jpg)
17Source: Wyoming Unemployment Insurance Microdata
![Page 18: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/18.jpg)
18Source: Wyoming Unemployment Insurance Microdata
![Page 19: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/19.jpg)
19Source: Wyoming Unemployment Insurance Microdata
![Page 20: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/20.jpg)
20
Nonresident UI Claimants
Nonresident UI claimants are not included in the calculation of unemployment rates – it’s done by place of residence
For February 2011, if we included the nonresident claimants in the calculation, Wyoming’s unemployment rate would have been 7.1% (seasonally adjusted), an increase of 0.9%
![Page 21: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/21.jpg)
21
New Hires
![Page 22: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/22.jpg)
22
What is a New Hire?
New Hire: A person who worked for ABC Construction Company in fourth quarter 2009 (2009Q4) who had no prior wage history with ABC Construction Company going back to 1992Q1
![Page 23: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/23.jpg)
23
New Hires: Links to Published Data
http://doe.state.wy.us/lmi/energy/New_Hires_Wages_4Q.htm http://doe.state.wy.us/lmi/energy/New_Hires_Hours_4Q.htm http://doe.state.wy.us/lmi/energy/New_Hires_Skills_4Q.htm http://doe.state.wy.us/lmi/energy/New_Hires_Turnover_4Q.htm http://doe.state.wy.us/lmi/energy/
New_Hires_Demographics_4Q.htm
![Page 24: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/24.jpg)
24Source: Wyoming Wage Records Database
![Page 25: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/25.jpg)
25Source: Wyoming Wage Records Database and Quarterly Census of Employment and Wages
NAICS IndustryTotal New
Hires
New Hires Predicted to be Emp. In Next
Qtr.11 Agriculture, Forestry, Fishing, and Hunting 1,467 99521 Mining, Quarrying, and Oil and Gas 9,549 8,28422 Utilities 329 32023 Construction 23,285 14,85731-33 Manufacturing 3,189 2,56842 Wholesale Trade 2,972 2,71244-45 Retail Trade 20,403 15,76548-49 Transportation and Warehousing 4,337 3,45151 Information 1,411 1,25852 Finance and Insurance 1,867 1,75153 Real Estate and Rental and Leasing 2,050 1,70154 Professional, Scientific, and Enterprises 4,038 2,96955 Management of Companies and Enterprises 106 7956 Administrative and Support and Waste 10,896 6,12561 Educational Services 7,173 6,43662 Health Care and Social Assistance 12,262 11,18571 Arts, Entertainment, and Recreation 2,689 2,04672 Accomodation and Food Services 33,548 21,92281 Other Services 4,956 3,75092 Public Administration 5,086 3,891
151,613 112,065
New Hires, 2009Q4 - 2010Q3
Total
![Page 26: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/26.jpg)
Wyoming has competition ….
26
![Page 27: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/27.jpg)
27Source: Baker Hughes Investor Relations: 02/03/2012
Triangles indicate oil wells, circles indicate gas wells.
![Page 28: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/28.jpg)
28Source: Baker Hughes Investor Relations: 02/03/2012
Triangles indicate oil wells, circles indicate gas wells.
![Page 29: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/29.jpg)
29Source: Baker Hughes Investor Relations: 01/24/2012
Triangles indicate oil wells, circles indicate gas wells.
![Page 30: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/30.jpg)
30
![Page 31: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/31.jpg)
31
To Summarize… Wyoming labor market volatility Displaced workers less likely to be working in the year
following layoff Substantial number of UI claimants located out of state Number of new hires in 2011Q3 comparable to levels
seen in 1995 Substantial proportion of jobs filled by new hires
require little or no postsecondary education Reduced demand for natural gas coupled with
competition from other states slows job growth and recovery in Wyoming
![Page 32: Wyoming’s Labor Market: A Brief Overview](https://reader036.fdocuments.us/reader036/viewer/2022062518/56813f86550346895daa74c3/html5/thumbnails/32.jpg)
32
Research & Planning
http://doe.state.wy.us/lmi Telephone: (307) 473 – 3807 Mailing Address:
PO Box 2760
Casper, WY 82602