State releases Wyoming Economic Indicators report

Posted 8/28/24

CHEYENNE (WNE) — The latest issue of the Wyoming Economic Indicators report contains the Wyoming Economic Health Index, which is designed to provide a current assessment of the state’s …

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State releases Wyoming Economic Indicators report

Posted

CHEYENNE (WNE) — The latest issue of the Wyoming Economic Indicators report contains the Wyoming Economic Health Index, which is designed to provide a current assessment of the state’s economy.

Highlights from this month’s issue include the following:

• The Wyoming Economic Health Index reported an index value of 107.6 in June 2024. This value is higher than the June 2023 value of 107.3. The WEHI has increased year-over-year in each of the last six months, but the growth rate is slowing down.

•The unemployment rate for Wyoming in June 2024 was 2.9%, lower than the national unemployment rate of 4.1%. This is the 15th consecutive month the unemployment rate has been below 3%.

•Total non-farm payroll jobs in Wyoming numbered 293,200 in June 2024, higher than June 2023 by 2,300 jobs.

•Wyoming’s sales and use tax collections from the mining sector in June 2024 decreased 16.3% compared to June last year.

•Wyoming’s collection of the 4% sales and use tax from lodging in June 2024 increased 30.5% compared to June last year.

The August 2024 issue of the report is available at the state of Wyoming’s Economic Analysis Division website, ai.wyo.gov/divisions/economic-analysis.