Cheyenne economic outlook report released
CHEYENNE, Wyo. (Release) - The November 2020 issue of the Cheyenne Economic Indicators report is available at the State of Wyoming’s Economic Analysis Division website http://eadiv.state.wy.us/. Within the Cheyenne Economic Indicators report is the Cheyenne Economic Health Index (ChEHI), a coincident economic indicator that is designed to provide a current assessment of Laramie County’s economy.
Highlights from this month’s issue include:
(1) The Cheyenne Economic Health Index reported an index value of 107.9 in September 2020, the largest value recorded by the index since 2005. However, this value is inflated because of a very large increase in sales & use tax collections due to a wind power project in Laramie County.
(2) The unemployment rate for Laramie County in September was 4.9%, decreasing for the fifth consecutive month from its highest point in April.
(3) Total nonfarm payroll jobs numbered 45,700 in September, lower than the total a year ago by 1,600 or 3.4%.
(4) Laramie County’s collection of the 4% sales and use tax through the first nine months of 2020 (January-September) was up 22.1% compared to the 5-year average over this same time period.
(5) Housing prices continue to rise, with the median home sales price in Laramie County in September up 0.9% relative to September 2019. This is the 25th month in a row that home prices have recorded year-over-year increases.
See the link below for details.
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