Wyoming Business & Employment Growth Since 2009
- 1,258 more businesses
- -2,640 fewer employees
- -1.0% increase in total wages
- $7,353 increase in annual wages per employee
- 18.1% increase in wages per employee
Since 2009, the number of businesses in Wyoming has grown by 5.0% (6.4% less than the national average of 11.4%). Employment in Wyoming has contracted by 1.0% (14.6% less than the national average of 13.6%). Wages have grown by 18.0% since the end of the Great Recession. This wage growth is 7.7% less than the national average of 25.7%. The average weekly wage in Wyoming of $924 is 19.2% below the national average of $1,101. The gap between the national average has widened from 11.9% a widening of 7.3% since the end of the recession.
Sector Growth
Business Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Construction | 3,373 | 3,924 | -14.0% |
| Healthcare | 3,053 | 1,766 | 72.9% |
| Professional services | 2,830 | 2,447 | 15.7% |
| Retail trade | 2,368 | 2,581 | -8.3% |
| Accommodation and food services | 1,950 | 1,825 | 6.8% |
| Other services | 1,661 | 1,697 | -2.1% |
| Waste services | 1,575 | 1,360 | 15.8% |
| Wholesale trade | 1,286 | 1,278 | 0.6% |
| Finance and insurance | 1,158 | 1,084 | 6.8% |
| Real estate and rental | 1,122 | 1,084 | 3.5% |
| Transport and warehousing | 1,038 | 1,043 | -0.5% |
| Mining and oil extraction | 935 | 1,137 | -17.8% |
| Manufacturing | 600 | 630 | -4.8% |
| Agriculture and forestry | 501 | 440 | 13.9% |
| Arts and entertainment | 429 | 402 | 6.7% |
| Information | 398 | 363 | 9.6% |
| Educational services | 263 | 186 | 41.4% |
| Company management | 150 | 138 | 8.7% |
| Utilities | 134 | 119 | 12.6% |
The sector that has had the strongest growth [in number of businesses] is the Healthcare sector, which has increased by 72.9% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 14.0% since the recession.
Employment Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Accommodation and food services | 32,803 | 30,161 | 8.8% |
| Retail trade | 29,280 | 30,668 | -4.5% |
| Healthcare | 25,340 | 22,914 | 10.6% |
| Mining and oil extraction | 20,684 | 25,466 | -18.8% |
| Construction | 20,267 | 23,860 | -15.1% |
| Transport and warehousing | 9,820 | 9,023 | 8.8% |
| Manufacturing | 9,717 | 9,111 | 6.7% |
| Professional services | 9,285 | 9,259 | 0.3% |
| Waste services | 8,568 | 7,288 | 17.6% |
| Wholesale trade | 8,196 | 8,704 | -5.8% |
| Other services | 7,254 | 8,160 | -11.1% |
| Finance and insurance | 6,900 | 7,107 | -2.9% |
| Real estate and rental | 4,229 | 4,094 | 3.3% |
| Arts and entertainment | 3,608 | 2,753 | 31.1% |
| Information | 3,554 | 3,952 | -10.1% |
| Agriculture and forestry | 2,789 | 2,376 | 17.4% |
| Utilities | 2,508 | 2,493 | 0.6% |
| Educational services | 1,608 | 1,595 | 0.8% |
| Company management | 863 | 745 | 15.8% |
The sector that has had the strongest employment growth [in number of employees] is the Accommodation and food services sector, which has increased by 8.8% since 2009. The sector that has has the largest employment decline in number of employees is the Mining and oil extraction sector, which has declined by 18.8% since the recession.
Weekly Wage Growth By Sector
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Company management | $1,988 | $1,804 | 0.0% |
| Utilities | $1,826 | $1,464 | 0.0% |
| Mining and oil extraction | $1,735 | $1,413 | 0.0% |
| Manufacturing | $1,290 | $958 | 0.0% |
| Professional services | $1,227 | $991 | 0.0% |
| Wholesale trade | $1,226 | $1,014 | 0.0% |
| Finance and insurance | $1,205 | $886 | 0.0% |
| Construction | $1,031 | $876 | 0.0% |
| Transport and warehousing | $1,013 | $820 | 0.0% |
| Real estate and rental | $942 | $689 | 0.0% |
| Information | $911 | $725 | 0.0% |
| Healthcare | $838 | $726 | 0.0% |
| Other services | $715 | $609 | 0.0% |
| Agriculture and forestry | $691 | $522 | 0.0% |
| Waste services | $687 | $538 | 0.0% |
| Educational services | $635 | $523 | 0.0% |
| Retail trade | $558 | $474 | 0.0% |
| Arts and entertainment | $440 | $370 | 0.0% |
| Accommodation and food services | $406 | $309 | 0.0% |
The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Arts and entertainment sector, which has declined by 0.0% since the recession.
Industry Growth
Business Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Services for the elderly and disabled | 1,200 | 127 | 0.0% |
| Residential building construction | 696 | 837 | 0.0% |
| Support activities for mining | 675 | 833 | 0.0% |
| Offices of lawyers | 463 | 465 | 0.0% |
| Hotels and motels except casino hotels | 426 | 409 | 0.0% |
| Computer systems design and related services | 395 | 254 | 0.0% |
The top industry that has had the largest increase in the number of businesses is the Services for the elderly and disabled industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of businesses is the Support activities for mining industry, which has declined by 0.0% since the recession.
Employment Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Hotels and motels except casino hotels | 10,693 | 10,355 | 0.0% |
| Support activities for mining | 9,544 | 11,689 | 0.0% |
| Coal mining | 5,381 | 7,054 | 0.0% |
| Supermarkets and other grocery stores | 4,004 | 3,932 | 0.0% |
| Offices of physicians | 3,095 | 3,111 | 0.0% |
The top industry that has had the largest increase in the number of employees is the Hotels and motels except casino hotels industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of employees is the Support activities for mining industry, which has declined by 0.0% since the recession.
Weekly Wage Growth By Industry
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Other financial vehicles | $4,181 | $1,432 | 0.0% |
| Other travel arrangement services | $3,647 | $530 | 0.0% |
| Securities brokerage | $2,974 | $1,548 | 0.0% |
| Trusts estates and agency accounts | $2,650 | $993 | 0.0% |
The top industry that has had the strongest wage growth is the Other travel arrangement services industry, which has increased by 0.0% since 2009. The top industry that has has the largest wage decline is the Securities brokerage industry, which has declined by 0.0% since the recession.
Company Size
Business Growth By Company Size
The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 8 to 10, which is an increase of 25.0%.The smallest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 4 to 3, which is an increase of -25.0%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 15,777 | 14,622 | 7.9% |
| 5-9 Employees | 4,218 | 4,226 | -0.2% |
| 10-19 Employees | 2,675 | 2,520 | 6.2% |
| 20-49 Employees | 1,525 | 1,412 | 8.0% |
| 50-99 Employees | 361 | 379 | -4.7% |
| 100-249 Employees | 140 | 145 | -3.4% |
| 250-499 Employees | 32 | 39 | -17.9% |
| 500-999 Employees | 10 | 8 | 25.0% |
| More Than 1,000 Employees | 3 | 4 | -25.0% |
Employment Growth by Company Size
The biggest percentage change in the number of employees has been in businesses with 20 to 49 employees. The number of employees in companies this size has grown from 40,661 to 44,670, which is an increase of 9.9%.Table: Change in the number of Employees by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 24,091 | 23,042 | 4.6% |
| 5-9 Employees | 27,717 | 27,683 | 0.1% |
| 10-19 Employees | 35,599 | 33,905 | 5.0% |
| 20-49 Employees | 44,670 | 40,661 | 9.9% |
| 50-99 Employees | 24,198 | 24,757 | -2.3% |
| 100-249 Employees | 19,828 | 20,906 | -5.2% |
| 250-499 Employees | 10,556 | 12,968 | -18.6% |
| 500-999 Employees | 0 | 4,638 | -100.0% |
| More Than 1,000 Employees | 0 | 6,083 | -100.0% |
Weekly Wage Growth by Company Size
The biggest percentage change in the average weekly wage has been in businesses with fewer than 5 employees. The average weekly wage in companies this size has grown from $686 to $909, which is an increase of 32.5%.Table: Change Average Weekly Wage by Size Since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | $909 | $686 | 32.5% |
| 5-9 Employees | $747 | $603 | 23.9% |
| 10-19 Employees | $757 | $646 | 17.2% |
| 20-49 Employees | $815 | $694 | 17.4% |
| 50-99 Employees | $910 | $759 | 19.9% |
| 100-249 Employees | $1,098 | $954 | 15.1% |
| 250-499 Employees | $1,224 | $1,091 | 12.2% |
| 500-999 Employees | $0 | $1,209 | -100.0% |
| More Than 1,000 Employees | $0 | $1,165 | -100.0% |
Data Sources
About the Writer
