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Mon November 8, 2010
Job and payroll numbers show stabilization
By Tristan Ahtone
Laramie, WY – First quarter job losses in Wyoming were smaller than the state's previous two quarters. A report from the Wyoming Department of Employment, Research & Planning says this trend may suggest that the state's economy is beginning to stabilize.
The senior economist with the Department of Employment, David Bullard, says job losses began in Wyoming in early 2009. By October of last year, they had peaked.
"Since then the job loses have slowed and looking at the total payroll, by second quarter total payroll and average weekly wage are actually growing again."
At the end of 2009, payroll was down 268-million-dollars compared to the end of 2008. In the first quarter of this year, it was down almost $140-million dollars from the same time last year.
Bullard says counties that did the worst relative to a year ago for payroll in the first quarter were the ones dependent on the oil and gas industry.