Park County vs. Wyoming
Comparative Trends Analysis:
Total Employment Growth and Change, 1969-2021
Introduction
Park County vs. Wyoming
Park County:
2021 Jobs = 21,916
2021 Percent of State = 5.4%
Wyoming:
2021 Jobs = 409,176
2021 Percent of U.S. = 0.2%
Employment numbers remain the most popular and frequently cited statistics used for tracking local area economic conditions and trends. The Bureau of Economic Analysis (BEA) employment estimates reported measure the number of full- and part-time wage and salary employees, plus the number of proprietors of unincorporated businesses. People holding more than one job are counted in the employment estimates for each job they hold. This means BEA employment estimates represent a job count, not a people count. Also, BEA employment is by place-of-work, rather than by place-of-residence. Jobs held by neighboring county residents who commute to Park County to work are included in the employment count for Park County.
Data Definition:
The BEA employment series for states and local areas comprises estimates of the number of jobs, full-time plus part-time, by place of work. Full-time and part-time jobs are counted at equal weight. Employees, sole proprietors, and active partners are included, but unpaid family workers and volunteers are not included. Proprietors employment consists of the number of sole proprietorships and the number of partners in partnerships. The description "by place of work" applies to the wage and salary portion of the series and, with relatively little error, to the entire series. The proprietors employment portion of the series, however, is more nearly by place of residence because, for nonfarm sole proprietorships, the estimates are based on IRS tax data that reflect the address from which the proprietor's individual tax return is filed, which is usually the proprietor's residence. The nonfarm partnership portion of the proprietors employment series reflects the tax-filing address of the partnership, which may be either the residence of one of the partners or the business address of the partnership. The employment estimates are designed to be consistent with the estimates of wages and salaries and proprietors' income that are part of the personal income series. The employment estimates are based on the same sets of source data as the corresponding earnings estimates and are prepared with parallel methodologies. Two forms of proprietors' income-the income of limited partnerships and the income of tax-exempt cooperatives-have no corresponding employment estimates.
Total Employment, 1969-2021
Total Employment, 1969-2021
Figure 1.
Figure 1 tracks Park County's annual total employment for the period 1969-2021 to illustrate total employment patterns over time. During this 53-year period, Park County's total employment rose from 8,896 in 1969 to 21,916 in 2021, for a net gain of 13,020, or 146.4%.
Total Employment, 1969-2021
Total Employment, 1969-2021
Figure 2.
Figure 2 traces Wyoming's annual total employment for the period 1969-2021 to illustrate total employment patterns over time. During this 53-year period, Wyoming's total employment rose from 157,954 in 1969 to 409,176 in 2021, for a net gain of 251,222, or 159.0%.
Total Employment Indices (1969=100): 1969-2021
Total Employment Indices (1969=100): 1969-2021
Figure 3.
Figure 3 portrays Park County's total employment growth in a broader context by offering direct comparisons across time with Wyoming, the United States. The growth indices shown here express each region's total employment in 1969 as a base figure of 100, and the total employments in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in total employment growth between regions that may differ vastly in size.
Park County's overall total employment growth was 146.4% over 1969-2021 trailed Wyoming's increase of 159.0%, and topped the United States' increase of 120.9%.
Total Employment as a Percent of the Wyoming Total: 1969-2021
Total Employment as a Percent of the Wyoming Total: 1969-2021
Figure 4.
Another interesting and insightful way of contrasting the total employment growth of Park County is to trace its individual percentage contributions to Wyoming's statewide total employment over time, as shown in Figure 4. A rising share means a region's total employment grew faster, or declined less, than Wyoming's total employment, while a declining share shows it grew more slowly.
In 1969, Park County's total employment totaled 5.6% of Wyoming's total employment, while in 2021 it totaled 5.4% thereby yielding a -0.3% share-shift.
   
 
Total Employment Share-Shift
2021 vs. 1969
 
Share-
Shift*
 
2021
vs.
1969
-0.28%
=
5.36%
-
5.63%
 
   
Park County Total Employment:
Annual Percent Change, 1970-2021
Park County Total Employment:
Annual Percent Change, 1970-2021
Figure 5.
Figure 5 displays the short-run pattern of Park County's total employment growth by tracking the year-to-year percent change over 1970-2021. The average annual percent change for the entire 52-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Park County's total employment grew at an annual rate of 1.78% over 1970-2021. The county recorded its highest growth in 1994 (9.12%) and recorded its lowest growth in 1986 (-5.91%). In 2021, Park County's total employment grew by 3.86%
Park County Total Employment:
Annual Percent Change and Decade Averages Over 1970-2021
Park County Total Employment:
Annual Percent Change and Decade Averages Over 1970-2021
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again traces the annual percent change in Park County's total employment since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2021.
During the 1970s, Park County's annual total employment growth rate averaged 3.86%. It averaged 0.56% in the 1980s, 2.44% during the 1990s, 1.65% during the 2000s, 0.60% during the 2010s, 0.88% thus far this decade (2020-2021).
Total Employment Growth:
Average Annual Percent Change by Decade
Total Employment Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Park County noted in the previous graph with the corresponding decade averages for Wyoming and the nation. As the chart reveals, Park County's average annual total employment growth lagged Wyoming's average in the 1970s (3.86% vs. 5.38%), topped Wyoming's average throughout the 1980s (0.56% vs. 0.01%), outperformed Wyoming's average in the 1990s (2.44% vs. 1.74%), amounted to less than Wyoming's average during the 2000s (1.65% vs. 2.11%), exceeded Wyoming's average throughout the 2010s (0.60% vs. 0.53%), and surpassed Wyoming's average over the 2 year period of the current decade, 2020-2021 (0.88% vs. 0.13%).
Finally, relative to nationwide total employment growth trends, Park County recorded above the nation in the 1970s (3.86% vs. 2.21%), posted below the nation over the 1980s (0.56% vs. 1.88%), outperformed the nation during the 1990s (2.44% vs. 1.73%), surpassed the nation throughout the 2000s (1.65% vs. 0.74%), fell below the nation throughout the 2010s (0.60% vs. 1.51%), and surpassed the nation over 2020-2021 (0.88% vs. -0.08%).
   
 
Total Employment Growth:
Average Annual Percent Change
 
 
 
1.78
3.86
0.56
2.44
1.65
0.60
0.88
3.86
 
1.88
5.38
0.01
1.74
2.11
0.53
0.13
1.82
 
1.55
2.21
1.88
1.73
0.74
1.51
-0.08
2.99
 
   
Job Ratios (Employment/Population): 1969-2021
Job Ratios (Employment/Population): 1969-2021
Figure 8.
The job ratios shown in Figure 8 for Park County, Wyoming and the nation not only portray a number of important trends, they also serves as a thumbnail guide to evaluating an economy's capacity to generate enough jobs fast enough to absorb the increasing number of workers attendant to a growing population. The job ratio is the number of full-time and part-time jobs by place of work, divided by population.
Nationally, the job ratio rose from 0.45 to 0.61 between 1969 and 2021. Park County's job ratio registered 0.51 in 1969, and 0.73 in 2021. Underlying the rising job ratio over the past several decades have been the increases in the labor force participation rates, with the number and proportion of women in the labor market playing a leading role.
An assortment of other factors can contribute to regional differences in the job ratio. They include differences in the proportion of elderly and retirees who no longer work and participate in the labor force, differences in the number and proportion of part-time vs. full-time workers, differences in industry composition, and differences in age and sex distribution and degree of urbanization. Also, a disproportionate number of workers commuting to work outside a county tends to lower its local county job ratio, while a net inflow of workers commuting to work inside the county tends to augment its local county job ratio.
Avoid interpreting the job ratio as the fraction (or percent) of the local population employed. This interpretation should only apply to the "employment-population ratio" statistic compiled by the Bureau of Labor Statistics (BLS) from the Current Population Survey (CPS).
Job Ratios (Employment/Population)
as a Percent of the U.S. Average:
1969-2021
Job Ratios (Employment/Population)
as a Percent of the U.S. Average:
1969-2021
Figure 9.
To highlight trends in a local job ratio relative to nationwide trends, Figure 9 tracks Park County's, Wyoming's job ratio as a percent of the national job ratio over 1969-2021.

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Park County:
Total Employment, 1969-2021
 
1969
 
8,896
100.0
N
5.63
0.51
112.42
1970
 
8,744
98.3
-1.71
5.49
0.49
109.65
1971
 
9,413
105.8
7.65
5.71
0.52
117.85
1972
 
9,849
110.7
4.63
5.72
0.54
120.31
1973
 
9,889
111.2
0.41
5.42
0.54
115.96
1974
 
10,222
114.9
3.37
5.28
0.56
118.70
1975
 
10,876
122.3
6.40
5.37
0.58
125.31
1976
 
11,316
127.2
4.05
5.29
0.58
124.00
1977
 
11,836
133.0
4.60
5.13
0.60
126.27
1978
 
12,677
142.5
7.11
5.07
0.63
126.99
1979
 
12,945
145.5
2.11
4.86
0.62
122.29
1980
 
13,383
150.4
3.38
4.80
0.61
122.48
1981
 
13,876
156.0
3.68
4.79
0.62
124.17
1982
 
14,173
159.3
2.14
4.94
0.61
123.63
1983
 
14,072
158.2
-0.71
5.14
0.59
119.75
1984
 
14,104
158.5
0.23
5.11
0.58
113.24
1985
 
13,395
150.6
-5.03
4.84
0.55
106.12
1986
 
12,604
141.7
-5.91
4.78
0.52
98.03
1987
 
12,622
141.9
0.14
4.88
0.53
99.53
1988
 
13,131
147.6
4.03
4.98
0.56
101.90
1989
 
13,602
152.9
3.59
5.13
0.58
105.69
1990
 
13,800
155.1
1.46
5.10
0.60
107.38
1991
 
14,113
158.6
2.27
5.09
0.61
111.34
1992
 
14,331
161.1
1.54
5.12
0.60
112.07
1993
 
14,801
166.4
3.28
5.20
0.61
112.32
1994
 
16,151
181.6
9.12
5.43
0.65
117.95
1995
 
16,373
184.0
1.37
5.45
0.64
115.67
1996
 
16,694
187.7
1.96
5.50
0.65
116.69
1997
 
16,798
188.8
0.62
5.48
0.65
114.47
1998
 
16,929
190.3
0.78
5.46
0.65
113.55
1999
 
17,266
194.1
1.99
5.48
0.67
116.22
2000
 
17,562
197.4
1.71
5.41
0.68
116.05
2001
 
17,798
200.1
1.34
5.39
0.69
119.25
2002
 
18,300
205.7
2.82
5.48
0.71
123.76
2003
 
18,492
207.9
1.05
5.49
0.71
124.41
2004
 
18,832
211.7
1.84
5.48
0.72
125.24
2005
 
19,026
213.9
1.03
5.37
0.72
123.71
2006
 
19,459
218.7
2.28
5.25
0.73
123.24
2007
 
20,069
225.6
3.13
5.17
0.74
123.75
2008
 
20,496
230.4
2.13
5.14
0.74
126.03
2009
 
20,320
228.4
-0.86
5.24
0.73
128.18
2010
 
20,280
228.0
-0.20
5.27
0.72
128.45
2011
 
20,548
231.0
1.32
5.26
0.72
127.68
2012
 
21,026
236.4
2.33
5.30
0.73
127.79
2013
 
20,930
235.3
-0.46
5.23
0.72
124.61
2014
 
21,213
238.5
1.35
5.22
0.73
124.85
2015
 
21,446
241.1
1.10
5.28
0.74
124.49
2016
 
21,476
241.4
0.14
5.39
0.73
122.29
2017
 
21,354
240.0
-0.57
5.35
0.72
120.42
2018
 
21,540
242.1
0.87
5.32
0.73
119.53
2019
 
21,554
242.3
0.06
5.28
0.73
119.76
2020
 
21,101
237.2
-2.10
5.25
0.71
120.77
2021
 
21,916
246.4
3.86
5.36
0.73
120.11
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_1000_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Wyoming:
Total Employment, 1969-2021
 
1969
 
157,954
100.0
N
0.17
0.48
106.14
1970
 
159,384
100.9
0.91
0.17
0.48
106.61
1971
 
164,883
104.4
3.45
0.18
0.48
109.51
1972
 
172,302
109.1
4.50
0.18
0.50
110.23
1973
 
182,288
115.4
5.80
0.19
0.52
110.77
1974
 
193,767
122.7
6.30
0.19
0.53
113.27
1975
 
202,679
128.3
4.60
0.20
0.53
116.05
1976
 
214,096
135.5
5.63
0.21
0.54
115.94
1977
 
230,589
146.0
7.70
0.22
0.56
117.23
1978
 
249,813
158.2
8.34
0.23
0.58
117.39
1979
 
266,229
168.5
6.57
0.24
0.59
116.94
1980
 
278,978
176.6
4.79
0.24
0.59
117.28
1981
 
289,465
183.3
3.76
0.25
0.59
117.55
1982
 
286,715
181.5
-0.95
0.25
0.57
114.89
1983
 
274,024
173.5
-4.43
0.24
0.54
108.55
1984
 
275,951
174.7
0.70
0.23
0.55
106.94
1985
 
276,585
175.1
0.23
0.22
0.55
106.38
1986
 
263,687
166.9
-4.66
0.21
0.53
101.21
1987
 
258,441
163.6
-1.99
0.20
0.54
101.34
1988
 
263,690
166.9
2.03
0.20
0.57
103.78
1989
 
265,401
168.0
0.65
0.19
0.58
104.94
1990
 
270,832
171.5
2.05
0.20
0.60
107.72
1991
 
277,118
175.4
2.32
0.20
0.60
110.93
1992
 
279,892
177.2
1.00
0.20
0.60
111.45
1993
 
284,727
180.3
1.73
0.20
0.60
111.12
1994
 
297,591
188.4
4.52
0.21
0.62
113.07
1995
 
300,567
190.3
1.00
0.20
0.62
111.53
1996
 
303,696
192.3
1.04
0.20
0.62
110.95
1997
 
306,691
194.2
0.99
0.20
0.63
110.55
1998
 
310,043
196.3
1.09
0.20
0.63
109.96
1999
 
315,198
199.6
1.66
0.20
0.64
110.72
2000
 
324,653
205.5
3.00
0.20
0.66
112.06
2001
 
330,130
209.0
1.69
0.20
0.67
114.90
2002
 
334,123
211.5
1.21
0.20
0.67
116.42
2003
 
336,763
213.2
0.79
0.20
0.67
116.96
2004
 
343,755
217.6
2.08
0.20
0.68
117.10
2005
 
354,378
224.4
3.09
0.21
0.69
118.19
2006
 
370,329
234.5
4.50
0.21
0.71
120.21
2007
 
388,476
245.9
4.90
0.22
0.73
121.85
2008
 
398,969
252.6
2.70
0.22
0.73
123.98
2009
 
387,473
245.3
-2.88
0.22
0.69
122.28
2010
 
385,059
243.8
-0.62
0.22
0.68
122.08
2011
 
390,303
247.1
1.36
0.22
0.69
121.93
2012
 
396,704
251.2
1.64
0.22
0.69
121.07
2013
 
400,402
253.5
0.93
0.22
0.69
119.74
2014
 
406,343
257.3
1.48
0.22
0.70
119.91
2015
 
406,033
257.1
-0.08
0.21
0.70
117.64
2016
 
398,130
252.1
-1.95
0.21
0.68
114.72
2017
 
398,939
252.6
0.20
0.20
0.69
115.14
2018
 
404,561
256.1
1.41
0.20
0.70
115.46
2019
 
408,235
258.5
0.91
0.20
0.71
116.20
2020
 
401,871
254.4
-1.56
0.21
0.70
118.17
2021
 
409,176
259.0
1.82
0.20
0.71
116.65
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_1000_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Employment, 1969-2021
 
1969
 
91,053,200
100.0
N
0.45
1970
 
91,277,600
100.2
0.25
0.45
1971
 
91,581,400
100.6
0.33
0.44
1972
 
94,312,200
103.6
2.98
0.45
1973
 
98,427,500
108.1
4.36
0.47
1974
 
100,111,800
109.9
1.71
0.47
1975
 
98,900,600
108.6
-1.21
0.46
1976
 
101,591,200
111.6
2.72
0.47
1977
 
105,042,200
115.4
3.40
0.48
1978
 
109,686,600
120.5
4.42
0.49
1979
 
113,147,100
124.3
3.15
0.50
1980
 
113,983,200
125.2
0.74
0.50
1981
 
114,914,000
126.2
0.82
0.50
1982
 
114,163,300
125.4
-0.65
0.49
1983
 
115,645,700
127.0
1.30
0.49
1984
 
120,528,100
132.4
4.22
0.51
1985
 
123,796,700
136.0
2.71
0.52
1986
 
126,232,300
138.6
1.97
0.53
1987
 
129,548,400
142.3
2.63
0.53
1988
 
133,563,900
146.7
3.10
0.55
1989
 
136,177,800
149.6
1.96
0.55
1990
 
138,330,900
151.9
1.58
0.55
1991
 
137,612,800
151.1
-0.52
0.54
1992
 
138,166,100
151.7
0.40
0.54
1993
 
140,774,400
154.6
1.89
0.54
1994
 
144,196,600
158.4
2.43
0.55
1995
 
147,915,800
162.4
2.58
0.56
1996
 
151,056,200
165.9
2.12
0.56
1997
 
154,541,200
169.7
2.31
0.57
1998
 
158,481,200
174.1
2.55
0.57
1999
 
161,531,300
177.4
1.92
0.58
2000
 
165,370,800
181.6
2.38
0.59
2001
 
165,522,200
181.8
0.09
0.58
2002
 
165,095,100
181.3
-0.26
0.57
2003
 
165,921,500
182.2
0.50
0.57
2004
 
168,839,700
185.4
1.76
0.58
2005
 
172,338,400
189.3
2.07
0.58
2006
 
175,868,600
193.1
2.05
0.59
2007
 
179,543,700
197.2
2.09
0.60
2008
 
179,213,900
196.8
-0.18
0.59
2009
 
173,636,700
190.7
-3.11
0.57
2010
 
172,901,700
189.9
-0.42
0.56
2011
 
176,091,700
193.4
1.84
0.56
2012
 
178,979,700
196.6
1.64
0.57
2013
 
182,325,100
200.2
1.87
0.58
2014
 
186,233,800
204.5
2.14
0.58
2015
 
190,325,800
209.0
2.20
0.59
2016
 
193,425,900
212.4
1.63
0.60
2017
 
196,394,100
215.7
1.53
0.60
2018
 
200,281,200
220.0
1.98
0.61
2019
 
201,648,200
221.5
0.68
0.61
2020
 
195,301,600
214.5
-3.15
0.59
2021
 
201,142,600
220.9
2.99
0.61
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2022
REAP_PI_CA1400_1000_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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