Midland Economic Indicators
| Midland MSA Economic Index March 2022 | |||
|---|---|---|---|
| Industry | February 2022 | March 2022 |
% Change |
| Energy |
93.8 |
99.4 | +5.8 |
| Construction | 159.4 | 216.0 | +56.6 |
| Manufacturing | 114.6 | 116.2 | +1.6 |
| Retail | 132.2 | 131.8 | -0.4 |
| Financial Services | 206.5 | 207.8 | +1.3 |
| Real Estate | 118.8 | 120.2 | +1.4 |
| Professional & Business Services | 108.7 | 108.7 | +0.0 |
| Health Care | 98.7 | 97.6 | -1.1 |
| Hospitality & Tourism | 155.8 | 156.8 | +1.0 |
| Other Activity | 121.1 | 121.7 | +0.6 |
| Midland Composite | 103.3 | 108.7 | +5.4 |
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
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| Selected Midland Economic Indicators | ||||
|---|---|---|---|---|
| Indicator (March 2022) | 2020 | 2021 | 2022 | 2021-22 % Change |
| Permian Basin Rig Count | 405 | 215 | 315 | +46.65% |
| WTI Oil Price | $29.21 | $62.33 | $108.50 | +74.07% |
| Henry Hub Natural Gas | $1.79 | $2.62 | $4.90 | +87.02% |
| Housing Permits | 158 | 79 | 38 | N/A |
| Average Housing Permit Value | $178,500 | $208,600 | $227,600 | +9.11% |
| Housing Listings | 717 | 713 | 530 | N/A |
| Median Housing Listing Price | $315,000 | $295,000 | $325,000 | +10.17% |
| Airline Boardings | 47,009 | 22,899 | 39,540 | +72.67% |
| Hotel Receipts | $8,171,677 | $8,184,167 | $9,942,719 | +21.49% |
| Employment (Seasonally Adjusted) | 113,400 | 99,000 | 105,800 | +6.87% |
| Unemployment Rate | 3.57% | 6.66% | 3.50% | N/A |
| Midland Index (2021=100) | 106.98 | 91.92 | 108.71 | +18.26% |