CHEYENNE (WNE) — Wyoming’s economy has benefited from economic activities across various sectors, showing slow progress in the third quarter, according to the Economic Summary Report for the third quarter of 2025.

Job growth remained consistent with recent trends, resulting in a total employment increase of 0.4%, or 1,300 jobs, compared to the previous year. 

The state’s unemployment rate remained at 3.3%, which was significantly lower than the U.S. rate of 4.3%.

“Despite a contraction in the mining industry (-3.9%), the state’s labor market continued to demonstrate resilience, characterized by a low unemployment rate and modest employment growth,” said Wenlin Liu, chief economist with the Wyoming Division of Economic Analysis.

Total taxable sales decreased by 0.2% in the third quarter of 2025, compared to the same quarter in the previous year. This marks the sixth consecutive quarter of a year-over-year decline. 

Despite a nationwide decline in international visitors, Grand Teton National Park recorded a new high in recreation visits during the third quarter of 2025, while Yellowstone National Park’s visitation numbers were the third-highest, benefiting the state’s tourism economy.

Wyoming’s single-family home prices still trend upward (1.2%) in the third quarter compared to a year ago, while the U.S.’s appreciation decelerated to 2.2%.

Mineral severance taxes generated in the third quarter was 0.6% higher than the previous year.

Thanks to the higher corpus, the state’s investment income distributed to the state general fund in the third quarter reached $118.8 million, which is 12.5% higher than the same quarter a year earlier. This amount is also the highest recorded for any third quarter.

Download the full report at eadiv.state.wy.us/wef/Economic_Summary3Q25.pdf or find it at ai.wyo.gov/divisions/economic-analysis.

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