Oil lends boost to Wyoming economy

By: AP
By: AP

Casper, WY (AP) - The oil industry continued to lend a boost to Wyoming's economy over the first three months of this year despite a slight slowdown in drilling.

New figures from the Wyoming Department of Administration and Information show state revenue is up compared to last year. Unemployment is relatively low and housing prices are rising.

State economist Jim Robinson says Wyoming's oil and gas industry shed 300 jobs last winter but that was probably due to a seasonal slowdown in drilling.

The Casper Star-Tribune reports other indicators show growth in the oil industry. The number of rigs drilling for oil is up compared to this time last year. So are tax collections from the oil industry.

Robinson says overall, Wyoming's economy appears to be doing fine.

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