Midland Economic Indicators
| Midland MSA Economic Index September 2024 | |||
|---|---|---|---|
| Industry | August 2024 | September 2024 | % Change |
| Energy | 104.8 | 103.7 | -1.2 |
| Construction | 201.4 | 193.5 | -7.9 |
| Manufacturing | 126.5 | 127.4 | +0.9 |
| Retail | 122.7 | 123.4 | +0.7 |
| Financial Services | 209.0 | 205.5 | -3.5 |
| Real Estate | 139.7 | 136.0 | -3.7 |
| Professional & Business Services | 124.2 | 125.6 | +1.4 |
| Health Care | 127.9 | 126.8 | -1.1 |
| Hospitality & Tourism | 154.1 | 155.5 | +1.4 |
| Other Activity | 137.4 | 138.2 | +0.8 |
| Midland Composite | 115.3 | 114.2 | -1.1 |
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 September 2024 | 2022 | 2023 | 2024 | 2023-2024 % Change |
| Permian Basin Rig Count | 343 | 318 | 306 | -3.67% |
| WTI Oil Price | $84.26 | $89.43 | $70.24 | -21.46% |
| Henry Hub Natural Gas | $7.88 | $2.64 | $2.28 | -13.64% |
| Housing Permits | 34 | 76 | 106 | +39.47% |
| Average Housing Permit Value | $344,876 | $262,976 | $199,503 | -24.14% |
| Airline Boardings | 54,318 | 57,351 | 65,452 | 14.13% |
| Hotel Receipts | $12,498,420 | $11,151,860 | $11,619,740 | +4.20% |
| Employment (Seasonally Adjusted) | 115,600 | 121,200 | 122,900 | +1.40% |
| Unemployment Rate | 2.72% | 2.40% | 2.62% | N/A |
| Midland Index (2021=100) | 116.1 | 117.5 | 114.2 | N/A |
