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Wyoming Economic Analysis Division releases May issue of city’s economy report

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CHEYENNE, Wyo. — The May issue of the Cheyenne Economic Indicators report is available at the State of Wyoming’s Economic Analysis Division website: http://eadiv.state.wy.us/.

This report contains the Cheyenne Economic Health Index, a coincident economic indicator designed to provide a current assessment of Laramie County’s economy.

Highlights from this month’s issue include:

  • The Cheyenne Economic Health Index reported an index value of 107.6 in March, the same value as March last year.
  • The unemployment rate for Laramie County in March was 3.9%, higher than the March 2022 unemployment rate but lower than the statewide March unemployment rate.
  • Total non-farm payroll jobs numbered 47,700 in March, higher than the total a year ago by 200, or 0.4%.
  • Laramie County’s collection of the 4% sales and use tax in March was up 37.7% compared to the five-year average between 2018 and 2022.
  • The median home sales price in Laramie County in March was down 7.1% relative to March 2022. Three of the past six months have recorded year-over-year decreases, potentially signaling a slowdown in the Laramie County housing market.

See the link below for details.

Cheyenne Economic Indicators: May 2023


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