Monthly Economic Indicators

This monthly report provides a snapshot of metro area economic activity in labor and employment, the consumer sector, and residential and commercial real estate.

March 2019 PDF Download Snapshot

Monthly Economic Indicators

The Consumer Confidence Index for the Mountain Region increased from 130.1 in January to 139.5 in February, an increase of 7.2 percent.

The Federal Aviation Administration ranked Denver International Airport as the fifth-busiest airport in the nation in 2018. 

The Denver-Aurora MSA median home price of $438,300 in the fourth quarter of 2018 was the 11th-highest of the 178 MSAs included in report by the National Association of Realtors.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

4,100 Increase

Employment up 0.2% from Nov to Dec

36,500 Increase

Employment up 2.2% from Dec 2017 to 2018

42,700 Increase

YTD employment up 2.6% through Dec

% Companies Hiring (Denver Area)

22 % Decrease

Companies expecting to add workers fell 3 percentage points from 4Q 2018 to 1Q 2019

22 % Decrease

Companies expecting to add workers fell 1 percentage point from 1Q 2018 to 1Q 2019

22 % Decrease

YTD average down 1 percentage point compared with 2018

Unemployment Rate

3.7 % Increase

Unemployment up 0.5 percentage points between Nov and Dec

0.9 percentage point Increase

Unemployment increased from Dec 2017 to 2018

3.0 % Increase

Up 0.3 percentage points from 2017 YTD average

Initial Unemployment Insurance Claims

6.6 % Increase

Claims increased from Nov to Dec

-14.3 % Decrease

Claims decreased from Dec 2017 to 2018

-10.2 % Decrease

YTD average claims decreased through Dec 2018

Total Retail Sales

3.5 % Increase

National sales increased from Oct to Nov

4.8 % Increase

National sales increased from Nov 2017 to 2018

5.3 % Increase

YTD sales rose through Nov 2018

Consumer Confidence Index

139.5 Increase

Index up 7.2% from Jan to Feb

6.2 % Increase

Index up from Feb 2018 to 2019

134.8 Increase

YTD average up 6.4% through Feb 2019

Hotel Occupancy

60.5 % Increase

Increased 6.1 percentage points from Dec to Jan

-0.7 percentage point Decrease

Occupancy decreased from Jan 2018 to Jan 2019

60.5 % Decrease

YTD occupancy decreased 0.7 percentage points from last year

DIA Passengers

-1.0 % Decrease

Passengers down from Nov to Dec

5.5 % Increase

Passengers up from Dec 2017 to 2018

5.1 % Increase

YTD passengers increased through Dec 2018

Bloomberg Colorado Index

522.3 Increase

Index up 2.6% from Jan to Feb

9.7 % Increase

Index up from Feb 2018 to 2019

13.4 % Increase

YTD return up through Feb 2019

Dow Jones / Industrial Average

25,916.0 Increase

Index up 3.7% from Jan to Feb

3.5 % Increase

Index up from Feb 2018 to 2019

11.1 % Increase

YTD return up through Feb 2019

Home Sales (Closed)

3,170 Decrease

Sales down 14% between Dec and Jan

-3.8 % Decrease

Sales down from Jan 2018 to 2019

3,170 Decrease

YTD sales down 3.8% through Jan 2019

Median Home Price (Denver-Aurora MSA)

$438,300 Decrease

Down 2.6% from 3Q 2018 to 4Q 2018

5.8 % Increase

Price up from 4Q 2017 to 4Q 2018

$449,900 Increase

YTD price 8.5% higher through 4Q 2018

Foreclosures

221 Increase

Up 14.5% from Nov to Dec

-3.1 % Decrease

Down from Dec 2017 to 2018

2,725 Decrease

Down 8.6% YTD through Dec 2018

Residential Building Permits (Total)

2,798 Increase

Permits increased 26% from Nov to Dec

116.2 % Increase

Permits up Dec 2017 to 2018

24,053 Increase

YTD permits up 1.4% through Dec 2018

Apartment Vacancy Rate

5.8 % Increase

Vacancy increased 0.3 percentage points from 3Q 2018 to 4Q 2018

-0.6 percentage point Decrease

Vacancy decreased from 4Q 2017 to 4Q 2018

5.9 % Increase

YTD average up 0.3 percentage points from last year

Office Vacancy Rate (with Sublet)

9.9 % Decrease

Vacancy rate decreased from 3Q 2018 to 4Q 2018

-0.5 percentage points Decrease

Vacancy rate down from 10.4% one year ago

-0.5 percentage points Decrease

Vacancy rate down from 10.4% one year ago

Industrial Vacancy Rate (with Sublet)

4.4 % No change

Vacancy rate unchanged from 3Q 2018 to 4Q 2018

+0.4 percentage points Increase

4Q 2018 vacancy up from 4% one year ago

+0.4 percentage points Increase

4Q 2018 vacancy up from 4% one year ago

Retail Space Vacancy Rate (with Sublet)

4.3 % Decrease

Vacancy rate decreased 0.2 percentage points from 3Q 2018 to 4Q 2018

-0.2 percentage points Decrease

4Q 2018 vacancy down from 4.5% one year ago

-0.2 percentage points Decrease

4Q 2018 vacancy down from 4.5% one year ago

Economic Indicators Current Month Year-Over-Year YTD