Midland Economic Indicators

Midland MSA Economic Index December 2025
IndustryNovemberDecember % Change
Energy110.5109.9-0.6
Construction181.1165.3-15.8
Manufacturing135.8135.6-0.2
Retail125.6127.7+2.1
Financial Services228.1227.7-0.4
Real Estate151.3143.3-8.0
Professional & Business Services132.2131.1-1.1
Health Care133.8134.2+0.4
Hospitality & Tourism157.9159.4+1.5
Other Activity142.9141.7-1.2
Midland Composite121.1119.9-1.2

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 December 20252023202420252024-2025 % Change
Permian Basin Rig Count311304248-18.34%
WTI Oil Price$71.90$70.12$57.97-17.33%
Henry Hub Natural Gas42.52$3.01$4.26+41.53%
Housing Permits9218849-72.32%
Average Housing Permit Value$130,714$177,438$266,019+49.92%
Airline Boardings60,68863,46157,018-10.15%
Hotel Receipts$9,154,811$9,779,099$10,745,688+9.88%
Employment (Seasonally Adjusted)122,800125,100127,000+1.52%
Unemployment Rate2.72%2.98%+3.19%N/A
Midland Index (2021=100)121.6123.1119.9N/A