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Mon December 19, 2011
Economic Analysis Division: Recession Recovery Over
New numbers from the state’s economic analysis division indicate that Wyoming’s recovery from the recession is over. Senior economist for the division, Jim Robinson, says that Wyoming’s personal income failed to grow between the second and third quarters of the year, which ranks Wyoming 33rd nationally. Robinson says the state is now in a holding pattern.
Robinson- “We’ve seen numbers in terms of drilling rigs, they’ve kind of leveled off. Our employment numbers are still increasing, but the increases are fairly small. What we have done so far is recovered from the recession. We have done that, and now we are looking at what’s next for the state.”
Robinson says as other states suffer economically, it directly impacts Wyoming. He predicts that the state economy may be stagnant for awhile.