wyoming oil economy


One of the biggest industries is raising livestock.
Geographically based survey data available from BLS: Employment & Unemployment.

However, cattle is not the only animals that are bred in Wyoming. The city's central location and proximity to a wealth of natural resources has attracted mining and petroleum exploration industries to the area.

In the third quarter of 2018 (3Q2018), the state experienced an increase in the employment sector of 1.3 percent, making the quarter the largest year-over-year growth since the fourth quarter of 2014, according to a report from the Wyoming Department of Administration and Information. Casper is a city in and the county seat of Natrona County, Wyoming, United States. Wyoming includes the following metropolitan areas for which an Economy At A Glance table is available: Casper, WY; Cheyenne, WY . Wyoming Heritage Foundation Oil and Gas Economic Contribution Study Executive Summary This project, commissioned by the Wyoming Heritage Foundation, was designed to evaluate the economic contribution of the oil and gas industry to the state of Wyoming in terms of employment, income, gross revenues, and taxes. Cheyenne has seen the job market decrease by -2.1% over the last year. Major Industries and Commercial Activity In 2004, Forbes magazine named Casper one of the nation's "Top 25 Best Small Places for Business" based on the comparatively low costs of operating in the Casper area. COVID-19, low oil prices, recession threats pose 'perfect storm' for Wyoming economy Nick Reynolds Mar 18, 2020 Mar 18, 2020 × Help support our COVID-19 coverage. Wyoming is bordered on the north by Montana, on the east by South Dakota and Nebraska, on the south by Colorado, on the southwest by Utah, and on the west by Idaho and Montana. Cheyenne has an unemployment rate of 3.9%.

In fact, there is more cattle than there is people! The U.S. economy is expanding with favorable economic conditions, and Wyoming is right there with it. Wyoming has three major industries.

Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.

Sheep are a vital part to the economy of the Wyomingites. Casper is the second largest city in the state, according to the 2010 census, with a population of 55,316.Only Cheyenne, the state capital, is larger.Casper is nicknamed "The Oil City" and has a long history of oil boomtown and cowboy culture, dating back to the development of the nearby Salt Creek Oil Field.

Wyoming (/ w aɪ ˈ oʊ m ɪ ŋ / ()) is a doubly landlocked state in the western United States.The state is the 10th largest by area, the least populous, and the second most sparsely populated state in the country. The US average is 3.9%.