It’s
really no surprise that a key indicator provides further evidence of the
economic decline in the state over the last year. The Wyoming Department of
Employment is reporting that total unemployment insurance covered payroll fell
by $145.4-million from second quarter 2008 to second quarter 2009. Unemployment
insurance covered payroll represents approximately 92% of all wage and salary
disbursements and 45% of personal income in the state. On an over-the-year
basis, employment fell by 10,132 jobs, or 3.5% and the average weekly wage
decreased by $12, or 1.5%. Total payroll is an important economic indicator
because it is often associated with consumer spending, retail sales, and sales
tax revenue.