News & Information

FastFacts – March 1, 2016

Employment

Moffat, Rio Blanco and Routt counties maintained record low unemployment rates in December with Moffat and Rio Blanco trending upward and Routt dropping b 2.4% by the end of the fourth quarter.

Industry

Mining dominated as the top sector by wages in Moffat and Rio Blanco counties, distributing nearly $21.65 million (almost 23% of all wage income) in the third quarter of 2015. Health Care and Social Assistance was the largest sector by wages in Routt, distributing 11% of total wages.

Wages

Rio Blanco saw a drop in its third quarter average weekly wage from $1,012 to $992. Moffat and Routt had a $20-plus increase in their average weekly wages. Accommodations and Food Services had the lowest average wages with Moffat County’s being the lowest.

Precipitation

Snow-water equivalency is above its 10-year averages except at Buffalo Pass, which is at 82.9%. Snow accumulation is greater than the 10-year averages except for Ripple Creek’s 92.8%. Stagecoach and¬†Yamcolo Reservoirs are 103% and 76% of capacity, respectively.

Coal

Moffat and Rio Blanco 2015 year-end coal totals when compared to those of 2014 increased by 0.3% and 21.4% respectively, despite no December production at Deserado Mine due to a longwall move. Routt county had a 38.1% decrease in its 2015 coal production when compared to its 2014 figures.

Oil & Gas

All three counties produced less natural gas in comparison to the same period in 2014, with Routt exhibiting a 26.9% drop, Rio Blanco a 30.8% decline, and Moffat a 17.3% reduction. Moffat’s annual oil production increased by 1.7 % between 2014 and 2015. Both Rio Blanco and Routt counties had decreased annual oil production at 13.2% and 7.5% respectively.

 

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