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Report: Laramie County unemployment down, home values up

Downtown Cheyenne Mural (Photo by Stephanie Lam / Cap City News)

CHEYENNE, Wyo. — Cheyenne’s economic health index value was 108.66 in January, up from a value of 107.6 in January 2023, according to the March issue of the “Cheyenne Economic Indicators” report released by the Wyoming Economic Analysis Division.

The index score considers four factors: the unemployment rate in Laramie County, total non-farm employment numbers, sales and use tax collections and median home sales prices, according to the Economic Analysis Division.

Laramie County’s unemployment rate was at 3.8% in January, down from 4.2% in January 2023. The unemployment rate was higher than Wyoming’s statewide rate of 2.9% in January, which is the lowest since the second quarter of 2008, the report showed. There were a total of 48,400 non-farm payroll jobs in January, up about 700 from January 2023.

“This is the 13th consecutive month total employment has increased year-over-year,” the report stated.

Laramie County’s collection of the 4% statewide sales and use tax was $9.3 million in January, down about $400,000 compared with January 2023, according to the Economic Analysis Division.

Home values were up 1.7% in Laramie County in January compared with January 2023.

The Cheyenne Economic Indicators report for January is available below: