Sheridan, Johnson Counties Lead State in Self-Employment

News – Sheridan Media

[[{“value”:”

Sheridan and Johnson Counties lead the State of Wyoming in the percentage of those self-employed.

According to a report from Wenlin Liu, Chief Economist with the State of Wyoming Department of Administration & Information, Economic Analysis Division, Sheridan County had the highest percent of self-employed jobs in the state at 50.4%, followed by Johnson County’s 47.4 percent. Crook County (42.9%), Lincoln County (41.7%), Niobrara County (42.1%), and Teton County (41.9%) all showed more than 40% of their populations as self-employed.

The county with the lowest percentage of self-employed was Sweetwater County with only 19.6 percent.

Albany, Campbell, and Carbon counties also displayed a lower number of self-employment, around 26.0 percent in 2022.

About one-third of Wyoming’s roughly 437,000 full-time and part-time jobs in 2022 were self-employed, according to U.S. Bureau of Economic Analysis (BEA) estimates. This proportion was the highest in the U.S.

Nationally, the share of self-employment was 25.6 percent.

Florida (31.1%), Montana (29.5%), and Texas (29.3%) were the only other states that exceeded 29.0 percent.

The District of Columbia (13.9%) had the lowest percentage of self-employed, followed by West Virginia (20.3%), Wisconsin (20.5%), and Indiana (20.7%).

Between 1972 and 2022, wage and salary employment doubled, while self-employment more than quadrupled in both the U.S. and Wyoming. Particularly, after the COVID-19 pandemic started, self-employed jobs sped up dramatically.

“Many individuals turned to self-employment as a result of job losses and economic uncertainty, and many people started their own businesses or pursued freelance work due to changes in the labor market. A number of professionals and contractors may have taken advantage of telework capabilities and migrated to less populated and lower cost areas,” according to Liu.

In Wyoming, real estate and rental and leasing showed the highest proportion of self-employed jobs with 87.6 percent, followed by finance and insurance at 77.8%, and farm at 73.2%.

To view the full report, click here:

http://eadiv.state.wy.us/SpecialReports/Emp_2022.pdf

“}]]

More Like this

Sheridan adds 50 positive cases over weekend, Moderna looks to vaccinate 6 – 11 year-olds The Sheridan VA Health Care System stands with veterans to end suicide Wyoming High School Soccer Standings: May 7, 2023 Ucross Receives $91K in National, State Grants

Last modified: February 5, 2024