Wyoming Economic Indicators report shows increase in lodging tax revenue

CHEYENNE (WNE) — Wyoming’s collection of the 4% sales and use tax from lodging in September 2024 increased 23.7% compared to September last year, according to the Wyoming Economic Indicators report.

Meanwhile, Wyoming’s sales and use tax collections from the mining sector in September 2024 decreased 30.1% compared to September last year.

The report contains the Wyoming Economic Health Index, a coincident economic indicator designed to provide an overall assessment of the state’s economy.

Other highlights from the November issue include the following:

. The Wyoming Economic Health Index reported an index value of 106.5 in September 2024. This value is slightly lower than the September 2023 value of 106.7. This is the first time the WEHI has declined year-over-year since April 2021.

. The unemployment rate for Wyoming in September 2024 was 3.1%, lower than the national unemployment rate of 4.1%. This is the first time the unemployment rate has been above 3% since February 2023.

. Total non-farm payroll jobs in Wyoming numbered 294,800 in September 2024, higher than September 2023 by 2,900 jobs.

The November 2024 issue of the Wyoming Economic Indicators report is available at the state of Wyoming’s Economic Analysis Division website, ai.wyo.gov/divisions/economic- analysis.

This story was published on November 23, 2024.