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Tag Archives: wyoming economy

Wyoming governor: Lawmakers should support infrastructure, Medicaid

CHEYENNE, Wyo. (AP) — Despite the downturn in energy prices, Wyoming remains strong and must invest in infrastructure projects and accept federal funds to expand Medicaid to keep moving forward, Gov. Matt Mead told lawmakers in his state of the state address Monday. Mead, a Republican in his second term, said it’s important to respect the budget recommendations of the ...

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Report: Wyoming hit hard by oil and gas slowdown

oil and gas pumpjack operates in the Niobrara formation in Wyoming

CHEYENNE — Wyoming’s energy extraction sector took a beating in the third quarter of 2015, thanks to the continued drop in global oil and natural gas prices. That’s among the conclusions drawn in a report released recently by the state’s Economic Analysis Division. Principal economist Wenlin Liu said that, compared to the third quarter of 2014, mining sector jobs — ...

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Wyoming among 4 states with shrinking economy

Wyoming's state economy is shrinking

CASPER, Wyo. — Wyoming’s economy, which relies heavily on the mineral extraction industry, contracted during the first half of this year, according to federal statistics. The state’s gross domestic product shrank 2.3 percent in the second quarter after a 6.1 percent drop during the first three months of the year, data from the U.S. Bureau of Economic Analysis shows. “That ...

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Low oil and gas prices show up in Wyoming economy

CHEYENNE, Wyo. — Wyoming’s economy is showing signs of the drop in oil and gas prices, according to a new report by the state’s Economic Analysis Division. But the same report notes that those counties that don’t rely as heavily on the energy industry remained fairly stable, seeing modest year-over-year growth for the quarter. The report written by state economist ...

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Wyoming’s middle class shrinks least in nation

CHEYENNE — Wyoming lost some of its middle class and jobs because of the Great Recession — but its losses were the smallest in the nation, a research organization says. A report by Stateline, a journalism project for the Pew Charitable Trusts, found that 51.2 percent of Wyoming resident were considered to have middle class incomes in 2013, as opposed ...

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Wyo. not recovered from the recession

CHEYENNE — It’s been more than seven years since the nation plunged into recession. And while unemployment rates have steadily edged downward, those numbers only tell part of the story. Last week, the Washington, D.C.-based Pew Charitable Trusts decided to look at how many people are actually employed in each state, then it compared those numbers to pre-recession levels. What ...

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