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Mon June 21, 2010
Jobless rate continues downward march
By Renny MacKay
Laramie, WY – As other states in the Rocky Mountain region have seen their unemployment rates flatten out Wyoming's continues to decrease. Wyoming Public Radio's Renny MacKay has more
The jobless rate in Wyoming fell to seven percent in May. That's the lowest it's been since July of last year. University of Wyoming economist, Rob Godby, says news is better in Wyoming than in neighboring states
"The other states really haven't changed that much. They began to recover early in the year and now we're seeing their unemployment rates stay about flat. And if you look at the data, that suggests people are re-entering the labor force as quickly as jobs are being created, so it's really no net change."
While in Wyoming Godby says people are starting to come back into the workforce, but jobs are being created at a faster rate.
Wyoming's unemployment rate is almost three percentage points lower than the national average.
For Wyoming Public Radio I'm Renny MacKay.