Cheyenne economic outlook report released

Published: Nov. 19, 2020 at 12:04 AM CST
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CHEYENNE, Wyo. (Release) - The November 2020 issue of the Cheyenne Economic Indicators report is available at the State of Wyoming’s Economic Analysis Division website Within the Cheyenne Economic Indicators report is the Cheyenne Economic Health Index (ChEHI), a coincident economic indicator that is designed to provide a current assessment of Laramie County’s economy.

Highlights from this month’s issue include:

(1) The Cheyenne Economic Health Index reported an index value of 107.9 in September 2020, the largest value recorded by the index since 2005. However, this value is inflated because of a very large increase in sales & use tax collections due to a wind power project in Laramie County.

(2) The unemployment rate for Laramie County in September was 4.9%, decreasing for the fifth consecutive month from its highest point in April.

(3) Total nonfarm payroll jobs numbered 45,700 in September, lower than the total a year ago by 1,600 or 3.4%.

(4) Laramie County’s collection of the 4% sales and use tax through the first nine months of 2020 (January-September) was up 22.1% compared to the 5-year average over this same time period.

(5) Housing prices continue to rise, with the median home sales price in Laramie County in September up 0.9% relative to September 2019. This is the 25th month in a row that home prices have recorded year-over-year increases.

See the link below for details.

Cheyenne Economic Indicators

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