Midland Economic Indicators
| Midland MSA Economic Index September 2023 | |||
|---|---|---|---|
| Industry | August 2023 | September 2023 | % Change |
| Energy | 107.8 | 108.8 | +1.0 |
| Construction | 196.9 | 182.4 | -14.5 |
| Manufacturing | 147.5 | 147.3 | -0.2 |
| Retail | 127.0 | 126.8 | -0.2 |
| Financial Services | 221.7 | 222.3 | +0.6 |
| Real Estate | 122.3 | 123.7 | +1.4 |
| Professional & Business Services | 123.6 | 124.3 | +0.7 |
| Health Care | 111.0 | 110.5 | -0.5 |
| Hospitality & Tourism | 153.2 | 153.5 | +0.3 |
| Other Activity | 133.9 | 134.9 | +1.0 |
| Midland Composite | 117.1 | 117.6 | +0.5 |
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 2023) | 2021 | 2022 | 2023 | 2022-2023 % Change |
| Permian Basin Rig Count | 256 | 343 | 320 | -6.74% |
| WTI Oil Price | $71.65 | $84.26 | $89.43 | +6.14% |
| Henry Hub Natural Gas | $5.16 | $7.88 | $2.64 | -66.50% |
| Housing Permits | 67 | 34 | 76 | N/A |
| Average Housing Permit Value | $206,100 | $344,900 | $263,000 | N/A |
| Airline Boardings | 41,135 | 54,318 | 57,351 | 5.58% |
| Hotel Receipts | $8,358,222 | $12,498,420 | $11,252,386 | -9.97% |
| Employment (Seasonally Adjusted) | 103,900 | 115,500 | 121,200 | +4.94% |
| Unemployment Rate | 4.57% | 2.65% | 2.58% | N/A |
| Midland Index (2021=100) | 98.8 | 116.1 | 117.0 | N/A |