Midland Economic Indicators
| Midland MSA Economic Index April 2024 | |||
|---|---|---|---|
| Industry | March 2024 | April 2024 | % Change |
| Energy | 106.0 | 106.7 | +0.7 |
| Construction | 193.5 | 180.3 | -13.2 |
| Manufacturing | 127.3 | 126.5 | -0.8 |
| Retail | 123.3 | 124.8 | +1.5 |
| Financial Services | 226.6 | 227.1 | +0.5 |
| Real Estate | 123.7 | 126.9 | +3.2 |
| Professional & Business Services | 122.1 | 124.0 | +1.9 |
| Health Care | 120.6 | 120.3 | -0.3 |
| Hospitality & Tourism | 158.5 | 159.3 | +0.8 |
| Other Activity | 139.1 | 139.1 | +0.0 |
| Midland Composite | 115.5 | 116.0 | +0.5 |
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
| Selected Midland Economic Indicators | ||||
|---|---|---|---|---|
| Indicator April 2024 | 2022 | 2023 | 2024 | 2023-2024 % Change |
| Permian Basin Rig Count | 332 | 357 | 317 | -11.20% |
| WTI Oil Price | $101.78 | $79.45 | $85.44 | +7.54% |
| Henry Hub Natural Gas | $6.60 | $2.16 | $1.60 | -25.93% |
| Housing Permits | 45 | 65 | 194 | +198.46% |
| Average Housing Permit Value | $284,939 | $259,376 | $201,498 | -22.31% |
| Airline Boardings | 50,591 | 56,120 | 61,781 | +10.09% |
| Hotel Receipts | $9,852,042 | $11,542,471 | $13,429,751 | +16.35% |
| Employment (Seasonally Adjusted) | 110,800 | 119,600 | 122,200 | +2.17% |
| Unemployment Rate | 3.09% | 2.56% | N/A | N/A |
| Midland Index (2021=100) | 113.62 | 116.23 | 115.97 | N/A |