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Wyoming Industrial Employment Fell 6.5% In The Past Year As Coal, Oil Layoffs Intensify

 
 
 
 
Contact: Jennifer Ratcliff
Manufacturers' News, Inc.
(847) 864-9440 ext. 241
jratcliff [at] mni.net






EVANSTON, Ill, January 25th, 2017/Manufacturers' News, Inc./-- Wyoming shed industrial jobs for a second straight year, reports the 2017 Wyoming Manufacturers Directory®, an industrial database and directory published by Manufacturers' News, Inc. (MNI) Evanston, IL. According to MNI’s database of manufacturers, Wyoming lost 2,164 jobs between November 2015 and November 2016, a 6.5% decline.

Losses were led by Wyoming’s energy sector, reports MNI, with employment in the state’s oil/gas extraction industry down 12%, and coal mining jobs 5.6%. These two industries represent nearly half of Wyoming’s industrial employment, with oil/gas employing 9,015 workers, and coal mining 6,075.

Wyoming’s industrial employment gains since the recession were largely based on the state’s oil/gas sector, which skyrocketed 27% between 2010 and 2014. Since then, however, the sector has shed nearly as many jobs as it had gained, down 20% since November 2014.

The state’s third-ranked sector, industrial machinery, also shed jobs, down 9% to 3,334 workers.

“Falling oil prices have triggered severe layoffs in Wyoming’s oil/gas sector, while federal regulations and shrinking demand have finally caught up with the state’s coal industry,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “It also remains to be seen how effective the Trump Administration plans to revive both the oil and coal sectors will be, as increased drilling will only gut oil prices and coal demand further. However, with its strong workforce and solid infrastructure, Wyoming remains an attractive destination for many businesses.”

Wyoming is home to 1,085 industrial companies employing 31,309, reports MNI.

Additional employment losses for Wyoming’s manufacturing sector included food processing, which fell 11%, due partially to the closure of Torrington’s Western Sugar plant. Printing/publishing also declined, down 3.4%, as did stone/clay/glass, down 2.6%, and lumber/wood, down 2.2%.

Bright spots for Wyoming’s manufacturing sector included Standard Alcohol’s plans to build a natural gas conversion plant in Cheyenne; the opening of Custom Molding LLC’s new plastic injection molding facility, also in Cheyenne, and the establishment of Tungsten Parts Wyoming in Laramie.

City data collected by MNI shows industrial companies in Gillette shed 20% of their workforce in the past year, and now employ 5,210. Casper lost 9.3% of its industrial employment, and accounts for 3,968 workers. Manufacturing jobs were virtually unchanged in third-ranked Rock Springs at 3,056 workers, and held steady in fourth-ranked Wright with 2,790. Green River ranks fifth in the state with 2,307 manufacturing jobs, with no significant change reported over the year.

Established in 1912, MNI is the nation’s oldest and largest compiler of industrial information, offering tailored solutions to help customers connect with 430,000 manufacturers and suppliers. MNI’s industrial marketplace IndustryNet: http://www.industrynet.com is a one-stop resource that connects buyers with suppliers of 10,000 + products and services, and allows users to obtain competitive quotes, create and view company profiles, post company news releases, photos, videos, job openings, and more. MNI’s subscription service EZ Select: http://www.ezselect.com provides access to MNI’s live interactive database of manufacturers. For more information, contact MNI at 847-864-7000 or visit http://www.mni.net
 
 
 
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