Contact Us

Wyoming’s Personal Income Growth in 3rd Quarter, 6th in Nation

Oil Boom
Andrew Burton, Getty

Wyoming’s personal income grew at a rate of 1.2 percent  for the third quarter of 2013, matching the growth rate of the previous quarter, earning the state a national ranking of 6th place out of the 50 states. Based on estimates released by the U.S. Bureau of Economic Analysis (BEA) on December 19, 2013, personal income for the Rocky Mountain region, which includes Wyoming along with Colorado, Idaho, Montana, and Utah, grew at a slightly better pace of 1.3 percent while the U.S. recorded growth of 1.1 percent. Colorado’s third quarter growth of 1.4 percent and a national ranking of 2nd led the region followed by Wyoming, Utah, Idaho, and Montana.

The BEA noted that 25 states recorded personal income growth that was at a slower rate than the previous quarter, 22 states had rates that were higher leaving Texas, Washington, and Wyoming as the states showing no change. Mississippi led all states in growth with a rate of 1.9 percent and New Mexico had the lowest at 0.4 percent. Personal income is defined as income received by all persons from all sources including wages, interest and dividends, rental income, and government transfer payments.

Jim Robinson, principal economist for the state’s Economic Analysis Division, said, “The state saw growth in 14 of the 24 BEA-defined industries in the third quarter of 2013 but three industries in particular stood out.The mining, construction, and farming industries were the largest contributors to earnings growth. Of the 5 industries that declined, civilian employees of the federal government sector had the largest drop primarily because of furloughs. “

More News from KGAB

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kgab.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KGAB 650AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on KGAB 650AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!