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.

June 2018 PDF Download Snapshot

Monthly Economic Indicators

Employment in Metro Denver rose 2.6 percent between April 2017 and 2018, or an additional 42,000 jobs during the period. 

In the first quarter of 2018, more passengers used Denver International Airport than any other first quarter in the airport’s history. 

Metro Denver existing home sales increased 7.6 percent between March and April to 4,768 homes sold.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

8,700 Increase

Employment up 0.5% from March to April

42,000 Increase

Employment up 2.6% from April 2017 to 2018

41,400 Increase

YTD employment up 2.6% through April

% Companies Hiring (Denver Area)

31 % Increase

Companies expecting to add workers rose 8 percentage points from 1Q 2018 to 2Q 2018

31 % Increase

Companies expecting to add workers rose 4 percentage points from 2Q 2017 to 2Q 2018

27 % Increase

YTD average up 1 percentage point compared with 2017

Unemployment Rate

2.5 % Decrease

Unemployment decreased 0.3 points between March and April

0.0 percentage points No change

Unemployment rate flat from April 2017 to 2018

2.9 % Increase

Up 0.1 percentage points from 2017 YTD average

Initial Unemployment Insurance Claims

15.3 % Increase

Claims increased from March to April

-13.3 % Decrease

Claims decreased from April 2017 to 2018

-9.4 % Decrease

YTD average claims decreased through April 2018

Total Retail Sales

17 % Increase

National sales increased from February to March

5.6 % Increase

National sales increased from March 2017 to 2018

4.9 % Increase

YTD sales rose through March 2018

Consumer Confidence Index

141.5 Increase

Index up 4.5 percent from April to May

12.5 % Increase

Index up from May 2017 to 2018

133.1 Increase

YTD average up 3.7% through May 2018

Hotel Occupancy

74.4 % Increase

Increased 3.2 percentage points from March to April

3.1 percentage points Increase

Occupancy increased from April 2017 to 2018

67.8 % Decrease

YTD occupancy decreased 0.3 percentage points from last year

DIA Passengers

21.5 % Increase

Passengers up from February to March

1.6 % Increase

Passengers up from March 2017 to 2018

3.4 % Increase

YTD passengers increased through March 2018

Bloomberg Colorado Index

531.8 Increase

Index up 2.4% from April to May

-3.8 % Decrease

Index down from May 2017 to 2018

6.9 % Increase

YTD return up through May 2018

Dow Jones / Industrial Average

24,415.8 Increase

Index up 1% from April to May

16.2 % Increase

Index up from May 2017 to 2018

-1.7 % Decrease

YTD return down through May 2018

Home Sales (Closed)

4,768 Increase

Sales up 7.6% between March and April

-1.4 % Decrease

Sales down from April 2017 to 2018

15,572 Decrease

YTD sales down 4.1% through April 2018

Median Home Price (Denver-Aurora MSA)

$441,500 Increase

Up 6.5% from 4Q 2017 to 1Q 2018

11.5 % Increase

Price up from 1Q 2017 to 1Q 2018

$441,500 Increase

YTD price 11.5% higher through 1Q 2018

Foreclosures

257 Increase

Up 0.4% from March to April

6.2 % Increase

Up from April 2017 to 2018

979 Decrease

Down 0.7% YTD through April 2018

Residential Building Permits (Total)

1,774 Decrease

Permits decreased 35.5% from March to April

-42.6 % Decrease

Permits down April 2017 to 2018

9,053 Decrease

YTD permits down 2.3 percent through April 2018

Apartment Vacancy Rate

6.1 % Decrease

Vacancy decreased 0.3 percentage point from 4Q 2017 to 1Q 2018

0.4 percentage points Increase

Vacancy increased from 1Q 2017 to 1Q 2018

6.1 % Increase

YTD average up 0.4 percentage points from last year

Office Vacancy Rate (with Sublet)

11 % Increase

Vacancy rate increased from 4Q 2017 to 1Q 2018

+0.2 percentage points Increase

Vacancy rate up from 10.8% one year ago

+0.2 percentage points Increase

Vacancy rate up from 10.8% one year ago

Industrial Vacancy Rate (with Sublet)

4.4 % Decrease

Vacancy rate decreased from 4Q 2017 to 1Q 2018

+0.1 percentage points Increase

1Q 2018 vacancy up from 4.3% one year ago

+0.1 percentage points Increase

1Q 2018 vacancy up from 4.3% one year ago

Retail Space Vacancy Rate (with Sublet)

4.6 % No change

Vacancy rate remained unchanged from 4Q 2017 to 1Q 2018

+0.0 percentage points No change

1Q 2018 vacancy rate remained unchanged from one year ago

+0.0 percentage points No change

1Q 2018 vacancy rate remained unchanged from one year ago

Economic Indicators Current Month Year-Over-Year YTD