Labor Study

According to an analysis of economic and labor force issues performed in the fall of 2006 by The Perryman Group, the Midland-Odessa area is expected to see notable economic growth over the next ten years. Gains in population exceeding 51,500 are anticipated over the next ten years and a large pool of persons in relatively young age categories will contribute to the available workforce in the future. Real Gross Product is expected to see healthy growth of 3.80%.

Indicator	Projected Growth 2006 -2007	Projected Increase	Projected 2016 Level
Real Gross Product (2000$)	3.80%	$5.67 bIn	$18.20 bln
Population	1.25%	51,529	441,089
Wage & Salary Employment	1.41%	26,321	201,909
Real Personal Income (2000$) (by place of residence)	3.72%	$4.65 bln	$15.17 bln

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The complete Analysis of Economic and Labor Force Issues was compiled in November 2006 by The Perryman Group.