- Associated Press - Wednesday, July 6, 2016

CHEYENNE, Wyo. (AP) - State data shows the mining industry experienced its steepest decline ever in Wyoming history.

The Wyoming Tribune Eagle reports (https://bit.ly/29uSCcV) the state’s Economic Analysis Division compared data from the first quarter of 2015 to the same period this year and found the mining sector declined by more than 55 percent.

The national jobless rate fell to 4.9 percent while state unemployment stands at 5 percent after the loss of almost 8,700 jobs.

A state economist said the state’s unemployment rate hasn’t been higher than that of the rest of the country since the Great Recession. He said the largest factor has been the mineral extraction industry.

The minerals extraction industry accounts for about a fifth of sales tax collections.

Data also shows taxable sales were down almost 25 percent.


Information from: Wyoming Tribune Eagle, https://www.wyomingnews.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide