Midland Economic Indicators
| Midland MSA Economic Index December 2024 | |||
|---|---|---|---|
| Industry | November 2024 | December 2024 | % Change |
| Energy | 103.5 | 103.3 | -0.2 |
| Construction | 198.8 | 204.9 | +6.1 |
| Manufacturing | 127.5 | 126.8 | -0.8 |
| Retail | 122.0 | 122.6 | +0.6 |
| Financial Services | 225.4 | 227.0 | +1.6 |
| Real Estate | 134.3 | 128.9 | -5.4 |
| Professional & Business Services | 124.9 | 124.3 | -0.6 |
| Health Care | 124.5 | 124.8 | +0.3 |
| Hospitality & Tourism | 157.0 | 156.8 | -0.2 |
| Other Activity | 140.1 | 138.8 | -1.3 |
| Midland Composite | 114.5 | 114.1 | -0.4 |
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 November 2024 | 2022 | 2023 | 2024 | 2023-2024 % Change |
| Permian Basin Rig Count | 311 | 303 | 304 | -0.33% |
| WTI Oil Price | $76.44 | $71.90 | $70.12 | -2.48% |
| Henry Hub Natural Gas | $5.53 | $2.52 | $3.01 | +19.44% |
| Housing Permits | 45 | 92 | 177 | +92.39% |
| Average Housing Permit Value | $317,439 | $130,714 | $177,438 | +35.75% |
| Airline Boardings | 56,854 | 60,688 | 63,461 | +4.57% |
| Hotel Receipts | $10,260,622 | $9,154,811 | $9,779,099 | +6.82% |
| Employment (Seasonally Adjusted) | 117,600 | 121,700 | 122,900 | +0.99% |
| Unemployment Rate | 2.70% | 2.36% | 2.72% | N/A |
| Midland Index (2021=100) | 115.3 | 113.7 | 114.1 | N/A |
