Midland Boasts Nation’s Lowest Unemployment Rate at 3.4%

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Everything's bigger in Texas to accept the unemployment right.

The city of Midland Texas has the lowest unemployment went to the country 3.4.

Percent that's because of energy on -- and yet what joining us now is an Arab Midland Texas his name is less.

Terry good morning good morning to you on the right no request is for -- -- for -- -- -- -- -- designed Midland Texas -- position is -- -- of -- in -- position correct.

Yes I still have a business and thank -- -- got partners that help me so I get to do -- like it to -- every day Reilly obviously calls into question right if I could cut the palace 75 dollars a month before taxes that's it but it's offensive it's back.

I don't look at it was a City Council prior -- that was said it's 45 dollars a month so I got there.

3% rise -- two and a BI you're lucky guy's now at a good so you've -- as a leader point 4% unemployment I've taken that is entirely due to energy -- totally do you should user.

Now have you got a lot of people flooding -- and we have -- -- what we don't really know how many people live there we think we've grown about 2030%.

In the past just few years and that's her biggest problem is housing and traffic and and build schools and all those infrastructure.

Infrastructure problems that we don't look at you got jobs going -- begging.

Yes and especially the restaurant and just that it's terrible to go to a restaurant it made -- -- wait three or four hours for for a papal.

Had a buddy that was waiting six hours for repeats -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Finding places to live people have -- out bedrooms they have trailers and and mobile home parks you have zoning laws that we -- have zoning laws that would have been yeah that well they don't really live in the city most of them are out accounting you're in some of the smaller communities around so really the entire.

Permian Basin which -- about ninety miles in radius from Midland.

Every community is doing well Anderson really have the same issues all right let's reverse this let's suppose that the I'm an article energy boom with a strong price of oil on the strong demand for oil supposing that comes all the way down and you've got fifty dollar amount oil just supposed yes Midland Texas doesn't look so good well it might not be so bad and because we realize we've been through these -- numerous times we understand today is -- technology.

Situation vs just an oil prices and cycle that way.

So when the price resets that -- to describe it -- it will.

Then people will just slow down their drilling they'll start they'll slow down their activities and most people don't have the debt structures that they had in the past plus they have hedging and other kind of financial arrangements that kind of protect the -- side so my my prediction is when it goes down.

This really people will just slow down their ability they're drilling and so forth and then when things reset.

-- we'll start come back and so forth so drilling -- will follow the for free market kind of works.

That the into humans that you must feel pretty -- all walking around New York -- LU 3.4 percent -- employment and you're from Texas I was really a -- so -- you know history it it really is it because the there there's always things that are -- never his site the site.

So on election you can buy -- Texas all eyes soda.

You'll see the -- we weren't expecting that you can do it you can have a big gulp if you -- -- -- that it's probably a good thing.

I look thanks very much for stopping by leaders like a great story reluctant it will appreciate -- have me today thanks a talking.

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Midland Boasts Nation’s Lowest Unemployment Rate at 3.4%

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