Wyoming gets mixed economic news
Laramie, WY –
An economist says Wyoming's unemployment rate should keep going up, but the rate of job losses won't be as fast as it was in the last few months. Ernie Goss is the director of the Goss Institute for Economic Analysis. He says he expects the economy in Wyoming and nationally to turn around soon, and he thinks Wyoming may come out of the recession as quickly as the rest of the nation. "One of the factors that has really held the US economy down has not been a factor in Wyoming and that is the housing market bubble. We're actually seeing housing prices in Wyoming hold up reasonably well, in some cases we got price increases, so that's very good," Goss says. But, he adds that if the swine flu infects a lot of people in the U-S, it could slow any economic recovery.