October 30, 2016
The number of building permits issued in Odessa during September remained below the total from the year before, while unemployment continued trending higher, according to information from the Odessa Development Corp. The one number that showed some upward movement was the Permian Basin Rig Count, which stood at 169. Though the total rig number was higher than August’s 160, it trailed September 2015’s 203 count.
Total number of building permits issued during the month was 365 for new residential and commercial, valued at $16.3 million. In September 2015, the total number of permits issued stood at 445, which was valued at $21.7 million. The unemployment rate of 6.6% was higher than the 5.1% reported a year earlier. However, the civilian labor force did increase year over year from 78,315 in 2015 to 79,129 in 2016.
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