Midland Economic Indicators
| Midland MSA Economic Index February 2021 | |||
|---|---|---|---|
| Industry |
February 2021 |
March 2021 |
% Change |
| Energy | 73.6 | 76.4 |
+2.8 |
| Construction | 123.8 | 173.6 |
+49.8 |
| Manufacturing | 92.6 | 92.0 | -0.6 |
| Retail | 125.4 | 126.4 | +1.0 |
| Finacial Services | 191.7 | 190.4 | -1.3 |
| Real Estate | 145.0 | 143.8 | -1.2 |
| Professional & Business Services | 96.8 | 96.9 | +0.1 |
| Health Care | 96.2 | 94.3 | -1.9 |
| Hospitality & Tourism | 131.4 | 134.9 | +3.5 |
| Other Activity | 113.9 | 114.2 | +0.3 |
| Midland Composite | 83.9 | 86.8 | +2.9 |
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 (March 2021) |
2019 |
2020 |
2021 |
2020-21 % Change |
| Permian Basin Rig Count | 462 | 405 |
215 |
-49.91% |
| WTI Oil Price | $58.15 | $29.21 |
$62.33 |
+113.39% |
| Henry Hub Natural Gas | $2.95 | $1.79 | $2.62 | +46.37 |
| Housing Permits | 125 | 158 | 79 | -50.00% |
| Average Housing Permit Value | $201,800 | $178,500 | $208,600 | +16.86% |
| Housing Listings | 320 | 726 | 735 | +1.24% |
| Median Housing Listing Price | $300,000 | $315,000 | $295,000 | -6.35% |
| Airline Boardings | 47,270 | 47,009 | 22,899 | -51.29% |
| Hotel Receipts | $12,448,217 | $8,171,677 | $8,153,308 | -0.22% |
| Employment (Seasonally Adjusted) | 113,600 | 113,500 | 95,300 | -16.04% |
| Unemployment Rate | 2.07% | 3.37% | 7.64% | +126.75% |
| Midland Index (2021=100) | 116.1 | 105.2 | 86.8 | -17.52% |
