Today In Wyoming's History: March 23 2016: For the first time since 2000, Wyoming's unemployment rate is higher than the national average.
The unemployment rate only comes in a little above 5%, which shows how high the rate of employment is statistically in the country right now. This is high enough nationwide that we fit into what used to be regarded as technical full employment. It's never possible to have 100% employment. In recent years, however, figures in this area have been regarded in a negative light and some claim the actual nationwide rate of employment is higher.
At any rate, the real unemployment rate in Wyoming is undoubtedly higher. Natrona County has a 7.2% unemployment rate and Carbon County has a 6% unemployment rate. Both counties are energy dependent for their economies, as is of course the state generally. Given as Wyoming had a high migrant employment rate in recent years the high unemployment rate now probably reflects a significant degree of reverse migration, so the actual rate is likely much higher than what we're now seeing reported.
The unemployment rate only comes in a little above 5%, which shows how high the rate of employment is statistically in the country right now. This is high enough nationwide that we fit into what used to be regarded as technical full employment. It's never possible to have 100% employment. In recent years, however, figures in this area have been regarded in a negative light and some claim the actual nationwide rate of employment is higher.
At any rate, the real unemployment rate in Wyoming is undoubtedly higher. Natrona County has a 7.2% unemployment rate and Carbon County has a 6% unemployment rate. Both counties are energy dependent for their economies, as is of course the state generally. Given as Wyoming had a high migrant employment rate in recent years the high unemployment rate now probably reflects a significant degree of reverse migration, so the actual rate is likely much higher than what we're now seeing reported.
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