(Fremont County, WY) – The Research & Planning section of the Wyoming Department of Workforce Services reported earlier this week that Fremont County’s unemployment rate dropped from 2.8% in September to 2.5% in October.
The state’s seasonally adjusted unemployment rate fell from 4.5% in September to 4.1% in October. The recent decreases in Wyoming’s seasonally adjusted unemployment rate have been largely the result of unemployed individuals leaving the labor force, according toResearch & Planning.
From October 2020 to October 2021, the number of unemployed people in Wyoming decreased by an estimated 3,955 individuals.
Estimates suggest that just over one-third of those people (1,331 individuals) had found jobs and gone to work, while nearly two-thirds (2,624 individuals) had stopped looking for work and dropped out of the labor force. It appears that the COVID-19 pandemic continues to affect Wyoming’s economy, according toResearch & Planning.
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