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Tue May 20, 2008
Wyoming's Unemployment Rate At Record Low
By Addie Goss
Laramie, WY – Wyoming's unemployment rate has fallen to 2.6 percent, the lowest it's been since the year 1979.
Senior economist with the state Department of Employment, David Bullard, says Wyoming now has the lowest unemployment in the nation, tied with South Dakota. Bullard says that's a good sign.
"There's no question Wyoming's economy is doing well," Bullard said.
"Unemployment is low, job growth is solid, a lot of people question whether the nation is falling into recession, but here in Wyoming our economy is strong," Bullard added.
Bullard says he was surprised to see unemployment figures drop. He says it's possible that fewer people are actively looking for work, and that artificially brought the number down. Bullard says those people might be waiting for gas to get cheaper before they resume the job hunt.