(Cheyenne, Wyo.) – Governor Matt Mead says the over 1,200 new jobs created in the third quarter of 2013 are a positive sign, as is the increase in payroll. Employment growth was faster in the third quarter of 2013 than the five-year average according to information from the Wyoming Office of Research and Planning released today. Additionally, Wyoming’s unemployment continues to drop. The 4% rate recorded in March 2014 was the fifth lowest in the nation and the lowest in Wyoming since 2008. Governor Mead is focused on supporting even faster job growth.
“This is a time to capitalize on our state’s advantages. These include a great workforce, the best natural resources in the country, the most business friendly tax climate, and opportunities for diversification. I have worked with the Legislature to be able to make this a time for growth. We are helping Wyoming companies expand, attracting new businesses, and promoting Wyoming ag and tourism. We have a strategy for supporting our energy industry,” Governor Mead said. “We will continue to support more job growth because that benefits everyone.”
This week, on top of the news about job growth in the third quarter of 2013, the latest revenue update was released. The April 2014 revenue update shows that revenue is ahead of predictions.
“Wyoming remains strong and we are seeing successes. Just last week Microsoft announced it will continue to invest in Wyoming – a total of half a billion dollars in data centers. We have new manufacturers coming to our state. Recently, a new rail facility began operations. Last year was one of our strongest years ever for tourism; and our energy sector is relatively stable despite the slow national economy and overreach by federal regulators,” Governor Mead said. “Wyoming’s private sector is showing its resiliency.”
–Provided by Gov. Matt Mead’s Office