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
Read the full report here.
| 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 |