Wyoming Economic Indicators Look Stronger Heading Into 2019
Several of the state's key economic indicators gained strength near the end of 2018, according to the February 2019 issue of the Wyoming Economic Indicators (WEI).
Within the WEI is the Wyoming Business-Cycle Index (WBCI), a coincident economic indicator that is designed to provide a current assessment of the state’s economy.
There are four main components of the WBCI. Two of these components, unemployment rate and private sector weekly wages, are included to capture aggregate economic activity for Wyoming.
The third component, mining taxes, gauges economic activity related to mineral production in the state while the fourth component, national park visits, serves as a proxy for the impact of tourism.
The index is compiled routinely by A&I’s Economic Analysis Division.
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