Midland Economic Indicators
| Midland MSA Economic Index June 2024 | |||
|---|---|---|---|
| Industry | May 2024 | June 2024 | % Change |
| Energy | 104.6 | 104.9 | +0.3 |
| Construction | 207.8 | 193.9 | -13.9 |
| Manufacturing | 126.8 | 126.9 | +0.1 |
| Retail | 125.5 | 124.4 | -1.1 |
| Financial Services | 227.9 | 228.8 | +0.9 |
| Real Estate | 134.6 | 142.9 | +8.3 |
| Professional & Business Services | 124.5 | 123.8 | -0.7 |
| Health Care | 122.5 | 125.6 | +3.1 |
| Hospitality & Tourism | 159.8 | 157.9 | -1.9 |
| Other Activity | 138.8 | 138.4 | -0.4 |
| Midland Composite | 115.6 | 115.9 | +0.3 |
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 June 2024 | 2022 | 2023 | 2024 | 2023-2024 % Change |
| Permian Basin Rig Count | 345 | 344 | 309 | -10.07% |
| WTI Oil Price | $114.89 | $70.25 | $79.77 | +13.55% |
| Henry Hub Natural Gas | $7.70 | $2.18 | $2.53 | +16.06% |
| Housing Permits | 55 | 64 | 69 | +7.81% |
| Average Housing Permit Value | $229.498 | $233,155 | $252,813 | +8.43% |
| Airline Boardings | 57,800 | 59,412 | 71,804 | +20.86% |
| Hotel Receipts | $11,689,990 | $12,586,997 | $12,788,026 | +1.60% |
| Employment (Seasonally Adjusted) | 112,100 | 120,500 | 122,300 | +1.49% |
| Unemployment Rate | 2.86% | 2.49% | 2.59% | N/A |
| Midland Index (2021=100) | 118.3 | 116.2 | 115.9 | N/A |
