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Recently released data indicate that 5,700 more jobs were added during this period, a two percent increase from the same period the year before. Taxable revenue increased by nearly 14 percent with several sectors, including mineral extractions, experiencing major upticks. Tourism and hospitality and professional and business service sectors all added workers, among others. But while some did better than others, unemployment also rose. Wyoming still lagged slightly behind the national average growth rate for this period.
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The Wyoming Division of Economic Analysis released statistics for the third quarter of 2022 which indicate that major economic drivers such as the mining and energy sectors have added jobs but still lag behind their pre-COVID figures. The leisure and hospitality and professional and business services sectors added some of the most jobs during that time. Despite gains over the last decade in diversifying its economy, the Cowboy State still ranks as one of the least economically diversified states nationally.
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Mountain West states like Montana, Colorado and Utah are seeing unprecedented population growth right now. In fact, Idaho is the fastest growing state in…
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The State Superintendent of Public Instruction is concerned that Governor Mead’s executive council focused on diversifying Wyoming’s economy, known as…
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Wyoming’s personal income in 2016 declined by 1.7 percent, but the fourth quarter improvement has some believing things have stabilized. Economist Jim…
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The Wyoming House voted for a final time to establish the ENDOW initiative, or the Economically Needed Diversity Options for Wyoming. The initiative was…
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On Thursday, the Wyoming House of Representatives Committee passed the first reading of a bill that would establish a council charged with studying and…
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Wyoming’s Department of Workforce Services has unveiled a new program intended to bring former residents back to the state to live and work. Called…
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In case you hadn’t heard, the United States has been experiencing an oil boom for the last five years. The boom has helped the country’s economic recovery…