Midland Economic Indicators
| Midland MSA Economic Index May 2025 | |||
|---|---|---|---|
| Industry | April 2025 | May 2025 | % Change |
| Energy | 116.0 | 115.2 | -0.8 |
| Construction | 163.0 | 185.2 | +22.2 |
| Manufacturing | 138.0 | 138.1 | +0.1 |
| Retail | 129.8 | 129.1 | -0.7 |
| Financial Services | 220.9 | 215.4 | -5.5 |
| Real Estate | 141.0 | 146.8 | +5.8 |
| Professional & Business Services | 132.5 | 132.5 | +0.0 |
| Health Care | 132.2 | 137.5 | +2.3 |
| Hospitality & Tourism | 160.6 | 161.0 | +0.4 |
| Other Activity | 144.7 | 144.6 | -0.1 |
| Midland Composite | 124.4 | 124.5 | +0.1 |
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 May 2025 | 2023 | 2024 | 2025 | 2024-2025 % Change |
| Permian Basin Rig Count | 352 | 313 | 282 | -9.78% |
| WTI Oil Price | $71.58 | $80.02 | $62.17 | -22.31% |
| Henry Hub Natural Gas | $2.15 | $2.12 | $3.12 | +47.17% |
| Housing Permits | 85 | 120 | 139 | +15.83% |
| Average Housing Permit Value | $272,321 | $160,441 | $209,265 | +30.43% |
| Airline Boardings | 51,855 | 61,502 | 62,502 | 1.63% |
| Hotel Receipts | $12,516,098 | $12,604,653 | $13,226,467 | +4.93% |
| Employment (Seasonally Adjusted) | 120.900 | 124,900 | 127,100 | +1.76% |
| Unemployment Rate | 2.86% | 2.88% | 2.99% | N/A |
| Midland Index (2021=100) | 125.1 | 126.3 | 124.5 | N/A |
