Wyoming’s Economic Analysis Division releases latest economic indicators for state
CHEYENNE, Wyo. (Release) - The November 2020 issue of the Wyoming Economic Indicators report is available at the State of Wyoming’s Economic Analysis Division website http://eadiv.state.wy.us/. Within the Wyoming Economic Indicators report is the Wyoming Economic Health Index (WEHI), a coincident economic indicator that is designed to provide a current assessment of the state’s economy.
Highlights from this month’s issue include:
(1) The Wyoming Economic Health Index reported an index value of 99.9 in September 2020. This is the fifth consecutive month that the index has increased after it hit its historic low in April, but it is still much lower than it ever was before the Covid-19 pandemic.
(2) The unemployment rate for Wyoming in September 2020 was 6.1%, dropping for the fifth consecutive month and lower than the national unemployment rate of 7.9%.
(3) Total non-farm payroll jobs in Wyoming numbered 273,900 in September 2020, higher than April 2020 by 11,500 jobs, but lower than September 2019 by 16,100 jobs.
(4) Wyoming’s sales and use tax collections from the mining sector continue to suffer, down $7.9 million (-68.8%) compared to September last year.
See the link below for details.
Copyright 2020 Wyoming News Now. All rights reserved.