Wyoming’s economic growth may be slowing down
CASPER, Wyo. – 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 percent 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 percent less coal than it did by this time in 2018.