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Report: Casper’s economic health improving; housing prices keep climbing

(Dan Cepeda, Oil City News)

CASPER, Wyo. — Casper’s economic health index value was 102.3 in September 2022, up from a value of 101.2 in September 2021, the November issue of the “Casper Economic Indicators” report released Monday by the Wyoming Economic Analysis Division showed.

The index score considers four factors: the unemployment rate in Natrona County, total non-farm employment numbers, sales and use tax collections and median home sales prices, according to the Economic Analysis Division.

The unemployment rate in Natrona County was at 3.7% in September, down from 4.7% in September 2021. Natrona’s unemployment rate was higher than Wyoming’s statewide rate of 3.3% in September, the report showed. There were a total of 37,800 non-farm payroll jobs in September, up about 500 from September 2021.

Natrona County’s collection of the 4% statewide sales and use tax was $8.8 million in September, up $1.7 million compared with September 2021, according to the Economic Analysis Division. Year-to-date collections through September were up 21% compared with the five-year average from 2017 to 2021.

Housing prices were up 4.5% in Natrona in September compared with September 2021.

“This is the 16th month out of the past 17 that median home prices have recorded year-over-year increases,” the Economic Analysis Division said.

Both the Casper Economic Indicators report and Wyoming Economic Indicators report for November are available below:


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