Thursday, October 30, 2008

U.S. Energy Corp. and Wyoming

In previous posts on U.S. Energy Corp. (Nasdaq: USEG), e.g., "A Conversation with the CEO of U.S. Energy Corp.", we mentioned the multi-family housing project the company was developing in Gillette, Wyoming, where, as the company notes on its website, "there is a critical housing shortage due to high employment in the energy and mining industries." The graphic above, borrowed from the Economist article we referred to in the previous post (A Tale of Two States: Utah versus Rhode Island") shows that the current unemployment rate in Wyoming is even lower than Utah's, at 3.3%.

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