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

The Construction sector has the most businesses in the state of Wyoming. Since the end of the recession, the number of businesses has decreased from 3,924 to 3,373, a reduction of 14.0%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Construction3,3733,924-14.0%
Healthcare3,0531,76672.9%
Professional services2,8302,44715.7%
Retail trade2,3682,581-8.3%
Accommodation and food services1,9501,8256.8%
Other services1,6611,697-2.1%
Waste services1,5751,36015.8%
Wholesale trade1,2861,2780.6%
Finance and insurance1,1581,0846.8%
Real estate and rental1,1221,0843.5%
Transport and warehousing1,0381,043-0.5%
Mining and oil extraction9351,137-17.8%
Manufacturing600630-4.8%
Agriculture and forestry50144013.9%
Arts and entertainment4294026.7%
Information3983639.6%
Educational services26318641.4%
Company management1501388.7%
Utilities13411912.6%

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

The Accommodation and food services sector has the most employees in the state of Wyoming. Since the end of the recession, the number of employees has grown from 30,161 to 32,803, a gain of 8.8%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Accommodation and food services32,80330,1618.8%
Retail trade29,28030,668-4.5%
Healthcare25,34022,91410.6%
Mining and oil extraction20,68425,466-18.8%
Construction20,26723,860-15.1%
Transport and warehousing9,8209,0238.8%
Manufacturing9,7179,1116.7%
Professional services9,2859,2590.3%
Waste services8,5687,28817.6%
Wholesale trade8,1968,704-5.8%
Other services7,2548,160-11.1%
Finance and insurance6,9007,107-2.9%
Real estate and rental4,2294,0943.3%
Arts and entertainment3,6082,75331.1%
Information3,5543,952-10.1%
Agriculture and forestry2,7892,37617.4%
Utilities2,5082,4930.6%
Educational services1,6081,5950.8%
Company management86374515.8%

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

The Company management sector has the highest average weekly wage in the state of Wyoming. Since the end of the recession, the average wage has grown from $1,804 to $1,988, a gain of 10.2%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Company management$1,988$1,8040.0%
Utilities$1,826$1,4640.0%
Mining and oil extraction$1,735$1,4130.0%
Manufacturing$1,290$9580.0%
Professional services$1,227$9910.0%
Wholesale trade$1,226$1,0140.0%
Finance and insurance$1,205$8860.0%
Construction$1,031$8760.0%
Transport and warehousing$1,013$8200.0%
Real estate and rental$942$6890.0%
Information$911$7250.0%
Healthcare$838$7260.0%
Other services$715$6090.0%
Agriculture and forestry$691$5220.0%
Waste services$687$5380.0%
Educational services$635$5230.0%
Retail trade$558$4740.0%
Arts and entertainment$440$3700.0%
Accommodation and food services$406$3090.0%

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

The Services for the elderly and disabled industry has the greatest number of businesses in the state of Wyoming. Since the end of the recession, the number of businesses has grown from 127 to 1,200, a gain of 844.9%. The table below illustrates the change in the number of businesses in the top industries.

Industry20182009Pct Chg
Services for the elderly and disabled1,2001270.0%
Residential building construction6968370.0%
Support activities for mining6758330.0%
Offices of lawyers4634650.0%
Hotels and motels except casino hotels4264090.0%
Computer systems design and related services3952540.0%

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

The Restaurants and other eating places industry has the greatest number of employees in the state of Wyoming. This industry currently has 18,234 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
Hotels and motels except casino hotels10,69310,3550.0%
Support activities for mining9,54411,6890.0%
Coal mining5,3817,0540.0%
Supermarkets and other grocery stores4,0043,9320.0%
Offices of physicians3,0953,1110.0%

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

The Agents and managers for public figures industry has the highest average weekly wage in the state of Wyoming. Since the end of the recession, the average wage has grown from $0 to $5,173, a gain of 0.0%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Other financial vehicles$4,181$1,4320.0%
Other travel arrangement services$3,647$5300.0%
Securities brokerage$2,974$1,5480.0%
Trusts estates and agency accounts$2,650$9930.0%

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 SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees15,77714,6227.9%
5-9 Employees4,2184,226-0.2%
10-19 Employees2,6752,5206.2%
20-49 Employees1,5251,4128.0%
50-99 Employees361379-4.7%
100-249 Employees140145-3.4%
250-499 Employees3239-17.9%
500-999 Employees10825.0%
More Than 1,000 Employees34-25.0%


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 SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees24,09123,0424.6%
5-9 Employees27,71727,6830.1%
10-19 Employees35,59933,9055.0%
20-49 Employees44,67040,6619.9%
50-99 Employees24,19824,757-2.3%
100-249 Employees19,82820,906-5.2%
250-499 Employees10,55612,968-18.6%
500-999 Employees04,638-100.0%
More Than 1,000 Employees06,083-100.0%


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 SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$909$68632.5%
5-9 Employees$747$60323.9%
10-19 Employees$757$64617.2%
20-49 Employees$815$69417.4%
50-99 Employees$910$75919.9%
100-249 Employees$1,098$95415.1%
250-499 Employees$1,224$1,09112.2%
500-999 Employees$0$1,209-100.0%
More Than 1,000 Employees$0$1,165-100.0%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.