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Wyoming’s Economy: Past and Present

This presentation by Doug Leonard, Principal Economist at the Wyoming Department of Employment Research & Planning, provides an overview of Wyoming's economy, including employment data, turnover rates, worker commuting patterns, and analysis of occupational injuries and illnesses. Leonard also highlights the impact of federal fiscal reforms and pipeline projects on the state's economy. Attendees are invited to share their interests and needs for data analysis, as well as suggest future presentation topics.

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Wyoming’s Economy: Past and Present

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  1. Wyoming’s Economy: Past and Present Presented to: Wyoming Auctioneers’ Association 15th Annual Convention January 22, 2010 By: Doug Leonard Principal Economist Wyoming Department of Employment Research & Planning dleona1@state.wy.us (307)473-3811

  2. Topics • Who/What is Research & Planning • What we do • The view from 30,000 feet • The view from the ground • Conclusion/Questions

  3. Who We Are… • Our Organization: R&P is a separate, exclusively statistical entity. • What We Do: R&P collects, analyzes, and publishes timely and accurate labor market information (LMI) meeting established statistical standards. • Our Customers: LMI makes the labor market more efficient by providing the public and the public’s representatives with the basis for informed decision making.

  4. What we do…. • Estimate employment and unemployment • Calculate turnover • Analyze worker commuting • Analyze worker benefits • Develop projections • Analyze occupational injuries and illnesses

  5. The View from 30,000 Feet

  6. Source: Quarterly Census of Employment and Wages

  7. Enron, etc. Federal Fiscal Reforms Source: Quarterly Census of Employment and Wages

  8. Source: Bureau of Labor Statistics

  9. Five consecutive years of declining rates Source: WYDOE, R&P

  10. Kern River Pipeline REX Pipeline Source: Intercontinental Exchange

  11. Source: Baker Hughes, Inc.

  12. Rockies Express Pipeline Source: Rockies Express, LLC

  13. Ruby Pipeline (Proposed) Source: Ruby Pipeline, LLC

  14. More than 50,000 nonresidents worked in WY during 2008 - 2009 Source: WYDOE, R&P

  15. Ground-Level View

  16. Turnover Components

  17. Source: WYDOE, R&P

  18. Worker Commuting

  19. What are commuting patterns? • Link place of work to place of residence • Estimates based on a model

  20. Commuting Terminology • Inter>>>>>>”Between” • Intra>>>>>>”Within” • Inflow and Outflow • It’s all relative!

  21. Source: WYDOE, R&P

  22. Work-related Injuries

  23. TTD=Temporary Total Disability, PPI = Permanent Partial Impairment, PPD = Permanent Partial Disability, PTD = Permanent Total Disability Source: WYDOE, R&P

  24. TTD=Temporary Total Disability, PPI = Permanent Partial Impairment, PPD = Permanent Partial Disability, PTD = Permanent Total Disability Source: WYDOE, R&P

  25. Questions for attendees: • What are your interests/needs for data and/or analysis? • What are the main drivers of your businesses? • If we were to present to your organization in the future, what topics should be covered?

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