Economic analysts predict 2017 will be a much-needed year of growth for Midland-Odessa. According to a story by The Midland Reporter-Telegram, Midland’s two-year slump seems to be coming to an end. Citing a report prepared for the Midland Development Corp by economist Karr Ingham, The Reporter-Telegram says that despite slow growth in some sectors, key factors indicate the area’s economy is in recovery.
While the decline in spending merely slowed, employment numbers suggest real growth. Reports indicate that nearly all of the job losses reported since 2015 have been recouped. However, optimism over employment numbers remains tempered by the expectation that revised data from the Texas Workforce Commission, to be released next month, will likely show the two-year job losses as much higher than previously reported.