DOUGLAS - Economically speaking, Niobrara County has seen both ups and downs recently.
Wyoming-based consulting firm Community Builders, Inc. took a look at each individual county, releasing its researched findings about local economic development and analysis in this month’s newsletter. The firm is based in Douglas.
Year-to-date excise taxes, defined as a sales tax, are significantly lower this year when compared to last year. In July 2012, the most recent measurement, was 33.4 percent less than last July’s income. However, this January’s excise tax measured more than $450,000, which was the highest in the past four years of CBI records.
Employers, classified in the CBI report as “employing units,” in the county saw an increase during the second half of 2011. The year ended 7.6 percent higher in countywide employing units than the fourth quarter of 2011. The first half of 2011’s employing unit statistics were about level with 2010’s numbers.
The county’s resident labor force remained relatively steady from July 2009 to July 2012. The number of employees covered by unemployment insurance went up about 6.1 percent from 2010 to 2011, the most recent date of data collection in its study. Another CBI study indicates the unemployment rate as of July 2012 is 0.2 percent lower than the prior July and lower than statewide and nationwide unemployment rates.
Average weekly wages throughout the county remained higher than previous years, CBI stated. At the end of 2011, the weekly wages were slightly higher than 2010’s with a half-percent increase.
Niobrara County finds itself on the lower end of the total wages spectrum, and is one of four counties with wages less than $100 million for all of 2011; the other three were Crook, Hot Springs and Weston counties. Other, more populous counties like Campbell, Laramie, Natrona and Sweetwater counties collected more than $1 billion in wages during 2011. Between the four counties, they represent more than half of the state’s total wages and growth in 2011.
To read more newsletters from CBI, visit www.consultcbi.com or for more information, call 307-359-1640.
For the complete article see the 09-26-2012 issue.
Click here to purchase an electronic version of the 09-26-2012 paper.