Wyoming's Personal Income Drops

Mar 30, 2017

Credit CC0 Public Domain

Wyoming’s personal income in 2016 declined by 1.7 percent, but the fourth quarter improvement has some believing things have stabilized. Economist Jim Robinson with Wyoming’s Economic Analysis Division said the economy was in very bad shape last summer, but there were signs of life at the end of the year, which gives him some minor optimism. But Robinson said that low oil and gas prices will keep that optimism in check.

“I think the optimism right now is that it won’t get any worse and it looks like it will stay like this for a while longer.”

Wyoming’s personal income increased by $185 million in the fourth quarter of 2016 when compared to the third quarter. Wyoming’s personal income ended up ranking ninth in the nation.