Midland Economic Indicators

 


Midland MSA Economic Index September 2022
Industry August 2022 September 2022

% Change
 

Energy

98.9

96.8 -2.2
Construction 186.0 177.2 -8.7
Manufacturing 120.9 117.3 -3.6
Retail 127.7 128.2 +0.5
Financial Services 204.1 204.5 +0.4
Real Estate 136.5 140.4 +3.9
Professional & Business Services 108.6 109.1 +0.4
Health Care 98.1 99.2 +1.0
Hospitality & Tourism 155.0 156.1 +1.1
Other Activity 121.5 121.8 +0.3
Midland Composite 108.5 106.9 -1.6

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 


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Selected Midland Economic Indicators  
Indicator (September 2022) 2020 2021 2022 2021-22 % Change
Permian Basin Rig Count 124 256 343 +33.93%
WTI Oil Price $39.63 $71.65 $84.26 +17.60%
Henry Hub Natural Gas $1.92 $5.16 $7.88 +52.71%
Housing Permits 68 67 34 N/A
Average Housing Permit Value $199,200 $206,100 $344,900 +67.35%
Housing Listings 840 745 723 N/A
Median Housing Listing Price $300,000 $315,000 $310,000 -1.59%
Airline Boardings 223,521 41,135 54,318 +32.05%
Hotel Receipts $4,910,706 $8,358,222 N/A N/A
Employment (Seasonally Adjusted) 92,600 103,400 107,900 +4.35%
Unemployment Rate 9.29% 4.88% 3.0% N/A
Midland Index (2021=100) 79.66 98.78 106.88 N/A