UNITED STATES EMPLOYMENT FACTS February 2017

JOBS ADDED: 235,000

EMPLOYMENT GROWTH: 1.6%

UNEMPLOYMENT: 4.7%

Sources: U.S. Bureau of Labor Statistics

PERCENT CHANGE IN EMPLOYMENTJanuary 2016—January 2017

WYOMING EMPLOYMENT CHANGES BY INDUSTRY

January 2016 - January 2017

INDUSTRYGrowth

RateTotal

Change

Natural Resources & Mining -13.0% -2,700

Construction -5.4% -1,200

Manufacturing -1.1% -100

Trade, Trans., Utilities -4.5% -2,500

Information -2.6% -100

Financial Activity -4.5% -500

Professional & Business Services -5.0% -900

Education & Health Services 1.1% 300

Leisure & Hospitality 0.8% 300

Other Services -3.5% -400

Government -1.8% -1,300

TOTAL -9,100Source: U.S. Bureau of Labor Statistics, seasonally adjusted

Source: Wyoming Department of Labor; Seasonally Adjusted, Total Employment

WYOMING TOTAL NONFARM EMPLOYMENTJanuary 2017

-20,000jobs from

2008-2009

-2,000 less than 2009 low

Total Employed: 278,000

Employment Growth: -3.2%Rank: 50th

Unemployment Rate: 4.8%Rank: 30th

U.S. GROSS DOMESTIC PRODUCTChange in U.S. Gross Domestic Product

Q1 2016 Q2 2016 Q3 2016 Q4 2016

0.8% 1.4% 3.5% 1.9%

Source: Bureau of Economic Analysis

Source: U.S. Bureau of Labor Statistics; seasonally adjusted total nonfarm employmentNote: jobs added in thousands; Totals rounded to nearest thousand.

Wyoming continued in its long-term struggle to recover from weakness in the energy sector as it experienced the largest level of employment loss in the nation for the seventh month in a row, at -3.2 percent from January 2016 to January 2017. The unemployment rate remained steady at 4.8 percent in January. The severity of job loss for the state has reduced nonfarm employment to levels below the state’s recession low. The state’s housing market has also been negatively impacted, with a 5.4 percent loss in construction employment over the past year, and median home sale prices dropping over the past year.

WYOMING | MAR 2017Highlights

4.0% or more

3.0% to 3.9%

1.0% to 2.9%

0.0% to 0.9%

Loss

ROBERT SPENDLOVEEconomic and Public Policy Officer

Contact our team for more information or to schedule a speaking engagement.

robert.spendlove@zionsbank.com (801) 560-5394

deborah.speed@zionsbank.com (801) 844-7887www.zionsbank.com/economy

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A division of ZB, N.A. Member FDIC As of March 14, 2017

WYOMING United States

1.1% increase HOME PRICE INDEX (Jan 2016 - Jan 2017)

6.9% increase

0.04% FORECLOSURE RATE

(Jan 2017)0.06%

INTEREST RATES

3.75% - Prime Interest Rate (Current)

4.29% - 30 Year Fixed Rate Mortgage (As of Mar 9, 2017)

Sources: Prime Interest Rate and 30 Year Fixed Rate Mortgage from Wall Street Journal. Home price indexes from CoreLogic. Foreclosure rates from RealtyTrac.com

• Median Household Income: $60,925 (2015) 14th

• Annual Mean Wages & Salaries: $45,850 (2015) 22nd

• Per Capita Personal Income: $55,303 (2015) 7th

• Personal Income (% Change): 1.7% (2014-2015) 47th

• Population Growth Rate: -0.2% (2016: 585,501) 46th

• Total Fertility Rate: 1.98 (2013) 11th

• Median Age: 36.5 (2015) 13th

• Household Size: 2.5 (2015) 34thSource: U.S. Census Bureau of Economic Analysis, U.S. Bureau

of Labor Statistics, National Center for Health Statistics, statista.com. Notes: 1. Ranking are based on the most recent data for all states and

may differ from other data. 2. Rank is most favorable to least favorable.

STATE FACTS (VALUE & RANK)

HOUSINGMedian Home Sale Price: December 2016

U.S.: $215,000; Wyoming $222,517

Source: Graphiq.com reporting data from CoreLogic

DEMOGRAPHICSWyoming Population and Components of Change

Sources: Utah Governor’s Office of Management and Budget, U.S. Census BureauNote: Left axis = total population; Right axis = components of population change

Total Population Natural Increase Net Migration

-3,823

2,752

585,501

U.S.: 0.7%; Wyoming: -0.2%; Rank: 46th

Source: U.S. Census Bureau

U.S. Population Growth: 2015 - 2016

1.5% or more

0.7% to 1.4%

0.0% to 0.1%

Population Loss

0.2% to 0.6%