Just the Facts: We’re in a Worker Drought
Wondering how our workforce faired last year compared to years past? Check out these numbers from the U.S. Chamber of Commerce on both the United States as a whole and Wyoming itself:
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U.S. Unemployment Rate 2024: 4.1%
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U.S. Unemployment Rate 2019: 3.6%
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U.S. Unemployment Rate 2016: 4.7%
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U.S. Labor Force Participation Rate (Overall) 2024: 62.5%
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U.S. Labor Force Participation Rate (Overall) 2019: 63.3%
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U.S. Labor Force Participation Rate (Overall) 2016: 62.7%
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U.S. Labor Force Participation Rate (Prime Working Age: 25-54) 2024: 83.4%
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U.S. Labor Force Participation Rate (Prime Working Age: 25-54) 2019: 83%
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U.S. Labor Force Participation Rate (Prime Working Age: 25-54) 2016: 81.3%
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U.S. Job Openings 2024: 8.1M
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U.S. Job Openings 2019: 6.9M
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U.S. Job Openings 2016: 6M
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U.S. Ratio of Open Jobs to Number of Unemployed People 2024: 0.85
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U.S. Ratio of Open Jobs to Number of Unemployed People 2019: 0.85
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U.S. Ratio of Open Jobs to Number of Unemployed People 2016: 1.26
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Wyoming had 46 available workers for every 100 open jobs in 2024.
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Wyoming Job Openings 2024: 19,000
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Wyoming Unemployed Workers 2024: 8,739
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Wyoming Labor Force Participation Rate 2024: 64.5
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Wyoming Unemployment Rate 2024: 2.9
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Wyoming Quit Rate 2024: 3.1
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Wyoming Hiring Rate 2024: 4.5