- Associated Press - Tuesday, April 15, 2014

CASPER, Wyo. (AP) - The oil industry continued to lend a boost to Wyoming’s economy over the first three months of this year despite a slight slowdown in drilling.

New figures from the Wyoming Department of Administration and Information show state revenue is up compared to last year. Unemployment is relatively low and housing prices are rising.

State economist Jim Robinson says Wyoming’s oil and gas industry shed 300 jobs last winter but that was probably due to a seasonal slowdown in drilling.

The Casper Star-Tribune reports (https://bit.ly/1iTf1Kc) other indicators show growth in the oil industry. The number of rigs drilling for oil is up compared to this time last year. So are tax collections from the oil industry.

Robinson says overall, Wyoming’s economy appears to be doing fine.

___

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


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide