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.

September 2021 PDF Download Snapshot

Monthly Economic Indicators

The number of employed people out of Metro Denver's labor force reached 1,756,267 in July, the highest since February 2020. 

The S&P 500 has more than doubled its value to 4,522.86 in August since it hit bottom in March 2020. 

The average hotel occupancy rate in Metro Denver was 76.8 percent in July, the highest rate since October 2019.

 

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

4,700 Increase

Employment up 0.3% from June to July

100,300 Increase

Employment up 6.2% from July 2020 to 2021

26,900 Increase

YTD employment up 1.6% through July

% Companies Hiring (Denver Area)

29 % Increase

Net employment up 11 percentage points from 2Q 2021 to 3Q 2021

29 % Increase

Net employment increased 19 percentage points from 3Q 2020 to 2021

21 % Increase

YTD average up 2 percentage points compared with 2020

Unemployment Rate

5.9 % Decrease

Unemployment down 0.4 percentage points from June to July

-2.0 percentage points Decrease

Unemployment down from July 2020 to 2021

6.4 % Decrease

Down 1.3 percentage points from 2020 YTD average

Initial Unemployment Insurance Claims

-8.0 % Decrease

Claims decreased from June to July

-53.9 % Decrease

Claims decreased from July 2020 to 2021

0.4 % Increase

YTD average claims increased through July 2021

Total Retail Sales

-1.3 % Decrease

National sales decreased from May to June

19.1 % Increase

National sales increased from June 2020 to 2021

23.0 % Increase

YTD sales increased through June 2021

Consumer Confidence Index

112.2 Increase

Index up 1.9 percent from July to August

29.9 % Increase

Index up from August 2020 to 2021

114.0 Increase

YTD average up 7.6% through August 2021

Hotel Occupancy

76.8 % Increase

Increased 6.3 percentage points from June to July

33.8 percentage points Increase

Occupancy increased from July 2020 to 2021

54.8 % Increase

YTD occupancy up from last year

DIA Passengers

12.8 % Increase

Passengers up from May to June

226.5 % Increase

Passengers up from June 2020 to 2021

55.2 % Increase

YTD passengers increased through June 2021

Bloomberg Colorado Index

948.8 Increase

Index up 0.8% from July to August

40.8 % Increase

Index up from August 2020 to 2021

24.9 % Increase

YTD return up through August 2021

Dow Jones / Industrial Average

35,360.7 Increase

Index up 1.2% from July to August

24.4 % Increase

Index up from August 2020 to 2021

15.5 % Increase

YTD return up through August 2021

Home Sales (Closed)

6,588 Decrease

Sales down 9.7% from June to July

0.1 % Increase

Sales up from July 2020 to 2021

37,738 Increase

YTD sales up 26.5% through July 2021

Median Home Price (Denver-Aurora MSA)

$618,600 Increase

Up 11.6% from 1Q 2021 to 2Q 2021

29.3 % Increase

Price up from 2Q 2020 to 2Q 2021

$586,500 Increase

YTD price 23.2% higher through 2Q 2021

Foreclosures

58 Increase

Up 70.6 percent from July to August

152.2 % Increase

Up from August 2020 to 2021

252 Decrease

Down 70.5% YTD through August 2021

Residential Building Permits (Total)

2,301 Increase

Permits increased 9.4% from June to July

60.0 % Increase

Permits up from July 2020 to July 2021

15,616 Increase

YTD permits up 60.7% through July 2021

Apartment Vacancy Rate

3.7 % Decrease

Vacancy decreased 1.8 percentage points from 1Q 2021 to 2Q 2021

-1.4 percentage points Decrease

Vacancy decreased from 2Q 2020 to 2Q 2021

4.6 % Decrease

YTD average down 0.9 percentage points from last year

Office Vacancy Rate (with Sublet)

14.0 % Increase

Vacancy rate up 0.8 percentage points from 1Q 2021 to 2Q 2021

+3.7 percentage points Increase

2Q 2021 vacancy up from 10.3% one year ago

+3.7 percentage points Increase

2Q 2021 vacancy up from 10.3% one year ago

Industrial Vacancy Rate (with Sublet)

7.0 % Increase

Vacancy rate increased 0.5 percentage points from 1Q 2021 to 2Q 2021

+1.7 percentage points Increase

2Q 2021 vacancy up from 5.3% one year ago

+1.7 percentage points Increase

2Q 2021 vacancy up from 5.3% one year ago

Retail Space Vacancy Rate (with Sublet)

5.3 % Decrease

Vacancy rate decreased 0.1 percentage points from 1Q 2021 to 2Q 2021

+0.7 percentage points Increase

2Q 2021 vacancy up from 4.6% one year ago

+0.7 percentage points Increase

2Q 2021 vacancy up from 4.6% one year ago

Economic Indicators Current Month Year-Over-Year YTD