Wyoming's Governor Matt Mead says the latest unemployment figures show the strength of Wyoming and he believes the economy will continue to expand.
According to information released by his office, the unemployment rate in Wyoming for February was the state's lowest jobless rate in the past six years, since 2008, and places the state sixth in the nation. Additionally, Wyoming had the seventh highest ranking for personal income, according to the U.S. Bureau of Economic Analysis released at the end of last month.
“We saw growth in personal income in 2013 across the economy,” he said, “in mining, construction, agriculture, transportation and tourism. That's encouraging,” he went on to say, “and is a sign that the private sector in Wyoming is healthy.”
Wyoming's per capita personal income for 2013, according to the governor's office, was just shy of $51,000. Earlier this month, the Tax Foundation, which is a nonpartisan tax policy research group, found that Wyoming residents enjoyed the lowest state and local tax burden in the country. This comes on the heels of an analysis showing Wyoming as the second best run state in the nation.
“All of these ranking are nice to receive,” said the governor, but most important to him was that they translate to jobs and good wages for the people of Wyoming and the third lowest poverty rate in the country.
He said his office will continue to support the state's top three industries, of energy, tourism and agriculture, and small businesses, while also looking to diversify, with new manufacturing and technology companies.