Wyoming’s economic growth may be slowing down

Wyoming News October 23, 2019



Wyoming’s economic growth may be slowing down

CASPER, WY. (AP) — A new report indicates Wyoming’s economic growth has started to show subtle signs of slowing.

The quarterly report published by the state’s Economic Analysis Division shows coal and natural gas production in the state continues to falter even though statewide employment rates have remained strong.

State economist Jim Robinson tells the Casper Star-Tribune that economic growth has been limited to construction involving pipelines, wind power transmission lines and roads.

Robinson says oil production remains strong, increasing 17% as of July. But he says it has accounted for no additional job gains this year, compared to last.

In terms of overall mining activity, the industry reported the largest loss of jobs compared to other sectors.

This year, the state produced 9% less coal than it did by this time in 2018.


Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com

Photo: Kimon Berlin | via Flickr (CC-BY-SA-2.0)

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