Midland Economic Indicators
| Midland MSA Economic Index January 2025 | |||
|---|---|---|---|
| Industry | December 2024 | January 2025 | % Change |
| Energy | 112.6 | 116.0 | +3.4 |
| Construction | 175.7 | 142.0 | -33.7 |
| Manufacturing | 126.8 | 130.8 | +4.0 |
| Retail | 122.6 | 121.5 | -1.1 |
| Financial Services | 237.6 | 243.4 | +5.8 |
| Real Estate | 128.2 | 128.7 | +0.5 |
| Professional & Business Services | 124.3 | 127.2 | +2.9 |
| Health Care | 124.8 | 128.7 | +3.9 |
| Hospitality & Tourism | 156.8 | 159.0 | +2.2 |
| Other Activity | 138.8 | 141.8 | +3.0 |
| Midland Composite | 120.5 | 122.9 | +2.4 |
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 January 2025 | 2023 | 2024 | 2025 | 2024-2025 % Change |
| Permian Basin Rig Count | 355 | 309 | 303 | -2.15% |
| WTI Oil Price | $78.12 | $74.15 | $75.74 | +2.14% |
| Henry Hub Natural Gas | $3.27 | $3.18 | $4.13 | +29.87% |
| Housing Permits | 29 | 50 | 121 | N/A |
| Average Housing Permit Value | $288,414 | $312,141 | $230,141 | -26.01% |
| Airline Boardings | 61,870 | 66,397 | N/A | N/A |
| Hotel Receipts | $11,051,584 | $11,024,665 | $11,703,231 | +6.15% |
| Employment (Seasonally Adjusted) | 119,200 | 123,700 | 125,700 | +1.62% |
| Unemployment Rate | 2.68% | 2.37% | N/A | N/A |
| Midland Index (2021=100) | 120.4 | 118.2 | 122.9 | N/A |
