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Wyoming economy still “modestly” improving

March 31, 2019

CHEYENNE, Wyo. (AP) — Wyoming’s economy continues to rebound from its latest energy bust, but economists say the state has only recovered about a third of the jobs lost during that time.

The Wyoming Tribune Eagle reports an economic analysis released by the Wyoming Department of Administration and Information this past week shows growth across multiple sectors in the fourth quarter of 2018. This includes employment, personal income, housing prices and state revenue.

The state’s total employment grew by 2,800 jobs in the last quarter compared to a year earlier. It is the largest year-over-year growth since 2015.

Mineral extraction employment grew 1.5 percent from last year. Related industries also increased.

But state economist Wenlin Liu (LEW) says the state has recovered only a fraction of nearly 20,000 jobs lost in 2015 and 2016.

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Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com