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State reports show slight improvement to Casper’s economy

November 20, 2017 in News

Casper took a major hit after energy prices sank a few years ago, but a recent state report shows that the city’s economy is slowly mending.

“We may never get to where we used to be, just because of the trends and the pressures on the energy sector, but we are certainly making progress,” said Tom Pitlick, the city’s Chief Financial Officer.

The Casper Business-Cycle Index, an economic indicator that is designed to provide a current assessment of the city’s economy, was registered at a value of 96.36 in September, up from 94.93 in September 2016. There are four main components that determine the Business-Cycle Index: Unemployment rates, private sector weekly wages, sales and use tax collections and median home prices.

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