Wyoming’s employment numbers saw a modest increase in November 2024, while collections from the mining sector continued to experience significant declines, according to the latest report from the state’s Economic Analysis Division, Wyoming Tribune Eagle reports.
The state’s total employment reached 295,900 jobs in October 2024, marking an increase of 2,800 jobs (+1.0%) compared to October of the previous year. Private education and health services led the job growth, adding 1,200 positions year-over-year.
In contrast, the state’s mining sector faced continued challenges. Mining-related collections fell by 34.9% year-over-year in November 2024, marking the fourth consecutive month of declines exceeding 25%. The overall collections from mining-related sales and use taxes showed a notable decrease, contributing to an overall drop in total sales and use tax revenues for the state.
Total sales and use tax collections for November 2024 totaled $80.0 million, a decrease of $6.5 million (-7.6%) compared to the same month in 2023. This decline is part of a broader trend, as sales and use tax collections have decreased year-over-year in six of the last nine months.
The state’s energy sector saw further fluctuations, with natural gas prices averaging $2.22 per million British thermal units (MMBtu) at the Opal Hub in November, a slight decrease from the previous month. Meanwhile, crude oil prices continued to fall, with the West Texas Intermediate (WTI) price averaging $69.95 per barrel, a 10% drop from a year ago.
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