Midland Economic Indicators

Midland MSA Economic Index November 2025
IndustryOctober 2025November 2025% Change
Energy110.3110.4+0.1
Construction174.5178.2+3.7
Manufacturing135.6135.8+0.2
Retail128.4125.3-3.1
Financial Services227.4228.1+0.7
Real Estate153.4151.8-1.6
Professional & Business Services131.5132.5+1.0
Health Care134.1133.7-0.4
Hospitality & Tourism157.0157.6+0.6
Other Activity142.4142.9+0.5
Midland Composite120.9121.0+0.1

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 November 20252023202420252024-2025 % Change
Permian Basin Rig Count311303253-16.61%
WTI Oil Price$77.69$69.95$60.06-14.14%
Henry Hub Natural Gas$2.71$2.12$3.79+78.77%
Housing Permits9912484-32.26%
Average Housing Permit Value$256,987$225,319$256,763+13.96%
Airline Boardings62,67967,60570,6164.45%
Hotel Receipts$10,304,907$12,133,279$11,838,483-2.43%
Employment (Seasonally Adjusted)122,700125,200126,800+1.28%
Unemployment Rate2.72%2.99%+3.19%N/A
Midland Index (2021=100)122.4123.3121.0N/A