The Wyoming Economic Analysis Division has released the March 2025 edition of the MACRO Report, a quarterly publication offering a comprehensive snapshot of the state’s economic performance, Wyoming Tribune Eagle reports.
The report is now available online at ai.wyo.gov/divisions/economic-analysis.
Focusing on key indicators such as employment trends, energy production, state revenues, and gross domestic product (GDP), the MACRO Report helps provide insight into the current health and direction of Wyoming’s economy.
Among the key takeaways from the March 2025 issue:
Employment: Total nonfarm jobs in Wyoming increased by 1.3% year-over-year, adding approximately 3,700 positions as of February 2025.
Energy Prices: March’s average price for West Texas Intermediate (WTI) crude oil was $68.24 per barrel, a 16% decrease compared to March 2024. In contrast, Henry Hub natural gas prices averaged $4.13 per MMBtu, an increase of $2.64 year-over-year.
Production Trends: Oil production rose 4.2% year-over-year in January, while natural gas and coal production dropped by 2.6% and 7.6%, respectively.
GDP Growth: Wyoming’s real GDP grew by 3.8% in the fourth quarter of 2024, outperforming both the Rocky Mountain region (+2.6%) and the US overall (+2.4%) during the same period.
Tax Collections: Through the first nine months of fiscal year 2025 (July 2024–March 2025), sales-and-use tax collections were down 2.8% compared to the same period the previous fiscal year. Severance tax collections also saw a decline of 9% year-over-year on a cash basis.
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