Midland Economic Indicators

 


Midland MSA Economic Index May 2021
Industry

April  2021

May 2021

% Change
 

Energy 77.6 78.9 +1.3
Construction 193.8 168.5 -25.3
Manufacturing 92.0 93.2 +1.2
Retail 125.5 125.7 +0.2
Financial Services 201.4 203.2 +1.8
Real Estate 140.6 134.5 -6.1
Professional & Business Services 95.8 95.8 +0.0
Health Care 94.2 92.7 -1.5
Hospitality & Tourism 136.8 140.1 +3.3
Other Activity 113.7 113.8 +0.1
Midland Composite 87.9 88.5 +0.6

Note: Industries are not weighted equally in calculating the Industry Composite; see the Appendix for further explanation. The Midland Metropolitan Statistical Area (MSA) includes Midland and Martin counties.  Source: The Perryman Group 


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Selected Midland Economic Indicators  
Indicator (May 2021)

2019

2020

2021

2020-21 % Change
Permian Basin Rig Count 455 180

231

+28.05%
WTI Oil Price $60.83 $28.56 $65.17 +128.19%
Henry Hub Natural Gas $2.64 $1.75 $2.91 +66.29%
Housing Permits 123 137 35 -74.45%
Average Housing Permit Value $171,600 $74,600 $243,100 +255.87%
Housing Listings 428 868 678 -21.87%
Median Housing Listing Price $300,000 $285,000 $295,000 +3.51%
Airline Boardings 52,473 5,346 39,342 +635.91%
Hotel Receipts $13,366,513 $4,282,152 $8,812,482 +105.80%
Employment (Seasonally Adjusted) 114,400 93,400 96,100 +2.89%
Unemployment Rate 1.79% 12.28% 6.20% N/A
Midland Index (2021=100) 117.8 78.8 88.5 +12.32