Economy
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WASHINGTON (AP) — Last week’s jobs report demonstrated the ongoing strength of the U.S. economy and underscored the need for the Federal Reserve to rein in its stimulus efforts, a Fed official said Tuesday. St. Louis Federal Reserve Bank President James Bullard said that Friday’s report, which showed a healthy gain of 943,000 jobs last…
A new analysis shows Wyoming benefits from and depends upon the nation’s multi-billion-dollar outdoor recreation industry for G.D.P. and employees. Outdoor recreation continues to be an economic powerhouse in Wyoming and across the United States. Now, after years of growing profits and participation, the COVID-19 pandemic put everything into overdrive as citizens sought solace in…
In addition to the $560 million annually, tourism in Yellowstone National Park brings over 6,000 local jobs and other benefits to its gateway communities. The results of a National Park Service report have been released. In the study, economists with the N.P.S. and U.S. Geological Survey measured the direct economic benefits of Yellowstone, Grand Teton,…
The University of Wyoming receives over $3 million from the Department of Energy to further the production of rare-earth elements and other critical minerals. This funding is part of the nation’s continued efforts to transition to clean energy. Rare earth minerals are vital to manufacturing batteries, magnets, and other components in clean energy. The United…
Travel and tourism took a hard hit from COVID-19, but the Wyoming Office of Tourism can rest easy – in the Equality State, it wasn’t as bad as it could’ve been. The Wyoming Department of Tourism released its Economic Impact of Travel report for 2020. Oregon-based company Dean Runyon Associates compiled the research. As expected,…
A year into his tenure as CEO, Josh Dorrell encourages Wyoming residents to “see the future” and think about how our choices today build the state’s tomorrow. Dorrell was the speaker for the Cody Chamber of Commerce’s Cody Club Lunch on Monday, April 19. For him, this visit was a reminder of how much has changed…
By ISABEL DEBRE and SAMY MAGDY Associated Press SUEZ, Egypt (AP) — Salvage teams on Monday set free a colossal container ship that has halted global trade through the Suez Canal, bringing an end to a crisis that for nearly a week had clogged one of the world’s most vital maritime arteries. Helped by the…
The future of Wyoming’s economy looked brighter in 2019, thanks to billions of dollars generated from outdoor recreation – with every sign that growth will continue. The Bureau of Economic Analysis released its latest analysis of how outdoor recreation contributed to the economies of the states and the nations. The results are impressive and show…
The numbers once again show our national parks are worth their weight in gold. A new report has been released by the U.S. Secretary of the Interior David L. Bernhardt, which shows the direct fiscal impact our nation’s national parks have on the national economy. In In 2019, visitor spending in communities near national parks…
The Powell Economic Partnership wants you to participate in a very important economic conversation. The Partnership, in conjunction with the Powell Visitor Center and Powell Chamber of Commerce, has announced a panel discussion to be held later thus month. The topic of this “robust discussion” is how Wyoming will be paying its bills today, tomorrow,…