The Wyoming Economic Indicators report for March 2022 is now available on the State of Wyoming’s Economic Analysis Division website.
The Wyoming Economic Health Index (WEHI), which is within the report, is a coincident economic indicator designed to give a current assessment of the state’s economy.
In a release from Dylan Bainer, Principal Economist from the State of Wyoming Department of Administration & Information’s Economic Analysis Division, the WEHI reported an index value of 104.8 in January, which is higher than the value of 101.6 in 2021, and higher than the value of 104.3 in 2020.
Unemployment in the state in January of this year was at 3.8%, lower than the national unemployment rate of 4%.
Non-farm payroll jobs in Wyoming were at 283,000 in January 2022 up by 9,300 jobs from January of 2021.
Sales and use tax collection in Wyoming from the mining sector continued to improve in January 2022, up $1.6 million compared to January 2021, an increase of nearly 35%.
According to their website, the WEHI combines the four economic indicators to show the current economic conditions in the state.
Data used in the WEHI is seasonally adjusted, and tax collection data is adjusted for inflation.
For more details on the WEHI, click on the link provided here:
Wyoming Economic Indicators: March 2022
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Last modified: March 28, 2022