Facts & Figures
Wyoming is in the midst of a major demographic shift that is challenging its current workforce and volunteer structures. Since the 1970s, Wyoming has had a much higher than average growth in the population segment 55 and older. This trend, combined with the state's low unemployment rate paints a daunting picture for Wyoming’s employers. When these individuals begin to retire, and it has already started, the lack of workers will dramatically reduce Wyoming's labor supply and many businesses will face a serious labor supply stagnation or decline.
Two indicators of this looming retirement are: Wyoming's current and expected median age and the current age of Wyoming's workforce. From the year 2000 to the year 2030, Wyoming's median age is expected to grow from 36.2 years of age to 46.4 years of age, and increase of 10.2 years. By 2030, it is predicted Wyoming will have more people sixty-five years and older than under eighteen years, with more than one in every four residents over the age of sixty-five.
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Wyoming Department of Employment
Wyoming businesses can find information about unemployment insurance, unemployment tax, worker’s safety and compensation, and labor standards on the Department of Employment (DOE) website. DOE also maintains Wyoming ANSWERS, with access to labor market information, including current and historic data on occupational wage rates and occupations, and current population data and analysis.
Wyoming Department of Administration and Information: Economic Analysis Division
The division offers demographic and economic information and analysis, such as population by age, sex, race; income by source; employment by industry and occupation; housing; cost of living; and state revenue.
