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Wyo. Economic Analysis Division: State Economy Grows Moderately in Q1

Anthony Pollreisz, K2 Radio

The Wyoming Economic Analysis Division says Wyoming’s overall economy saw moderate gains during the first quarter of 2014.

Principal economist Dr. Wenlin Liu said, compared with figures from last year, total employment in the state grew by nearly 2,300 jobs during the first quarter.

“Wyoming’s economy continues to recover at a moderate pace,” Liu said. “Job growth was led by the service-providing industries, and the state’s unemployment rate also dropped during the first quarter.”

Liu also said sales tax revenue was sharply higher during first three months of the year.

“A double-digit increase – it increased 11 percent during the first quarter,” Liu said. “The sales tax in the mineral extraction industry was particularly string – it increased 28 percent from a year ago.”

Personal incomes in the state grew 3.5 percent during the first quarter, Liu said.

The full report can be viewed here.

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