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 2019 PDF Download Snapshot

Monthly Economic Indicators

Employment in Metro Denver increased 1.7 percent between July 2018 and 2019, adding 28,600 jobs across all supersectors over-the-year.

The CPI for the Denver-Aurora-Lakewood area rose 2.1 percent, with seven of the eight components increasing between July of 2018 and 2019. 

Home sales in Metro Denver increased 9.2 percent between June and July and increased 8.4 percent over-the-year. The average sales price for single-family homes increased 4 percent over-the-year to $537,762. 

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

-2,200 Decrease

Employment down 0.1% from June to July

28,600 Decrease

Employment up 1.7% from July 2018 to 2019

28,000 Decrease

YTD employment up 1.7% through July

% Companies Hiring (Denver Area)

29 % Decrease

Companies hiring fell 6 percentage points from 2Q 2019 to 3Q 2019

29 % No change

Companies hiring rose had no change from 3Q 2018 to 3Q 2019

29 % Increase

YTD average up 1 percentage point compared with 2018

Unemployment Rate

2.7 % Decrease

Unemployment down 0.2 percentage points between June and July

-0.5 percentage points Decrease

Unemployment down from July 2018 to 2019

3.0 % No change

No change from 2018 YTD average

Initial Unemployment Insurance Claims

2.4 % Increase

Claims increased from June to July

2.4 % Increase

Claims increased from July 2018 to 2019

3.6 % Increase

YTD average claims increased through July 2019

Total Retail Sales

-5.3 % Decrease

National sales decreased from May to June

1.6 % Increase

National sales increased from June 2018 to 2019

2.8 % Increase

YTD sales rose through June 2019

Consumer Confidence Index

145.5 Increase

Index up 5.9 percent from July to August

9.6 % Increase

Index up from August 2018 to 2019

135.8 Increase

YTD average up 4.1% through August 2019

Hotel Occupancy

89.1 % Increase

Increased 2.8 percentage points from June to July

2.7 percentage points Increase

Occupancy increased from July 2018 to July 2019

75.1 % Increase

YTD occupancy up from last year

DIA Passengers

5.7 % Increase

Passengers up from May to June

8.2 % Increase

Passengers up from June 2018 to 2019

6.1 % Increase

YTD passengers increased through June 2019

Bloomberg Colorado Index

579.1 Decrease

Index down 1.3% from July to August

6.2 % Increase

Index up from August 2018 to 2019

25.7 % Increase

YTD return up through August 2019

Dow Jones / Industrial Average

26,403.3 Decrease

Index down 1.7% from July to August

1.7 % Increase

Index up from August 2018 to 2019

13.2 % Increase

YTD return up through August 2019

Home Sales (Closed)

6,173 Increase

Sales up 9.2% between June and July

8.4 % Increase

Sales up from July 2018 to 2019

33,346 Increase

YTD sales up 2.4% through July 2019

Median Home Price (Denver-Aurora MSA)

$471,400 Increase

Up 5.6% from 1Q 2019 to 2Q 2019

1.8 % Increase

Price up from 2Q 2018 to 2Q 2019

$459,000 Increase

YTD price 1.5% higher through 2Q 2019

Foreclosures

199 Decrease

Down 9.5% from May to June

16.4 % Increase

Up from June 2018 to 2019

1,396 Increase

Up 2.9% YTD through June 2019

Residential Building Permits (Total)

1,799 Decrease

Permits decreased 4.6% from June to July

45.1 % Increase

Permits up July 2018 to 2019

11,241 Decrease

YTD permits down 16% through July 2019

Apartment Vacancy Rate

5.0 % Decrease

Vacancy decreased 0.4 percentage points from 1Q 2019 to 2Q 2019

-1.0 percentage points Decrease

Vacancy decreased from 2Q 2018 to 2Q 2019

5.2 % Decrease

YTD average down 0.8 percentage points from last year

Office Vacancy Rate (with Sublet)

9.7 % No change

No change in vacancy rate from 1Q 2019 to 2Q 2019

-1.1 percentage points Decrease

Vacancy rate down from 10.8% one year ago

-1.1 percentage points Decrease

Vacancy rate down from 10.8% one year ago

Industrial Vacancy Rate (with Sublet)

4.8 % Increase

Vacancy rate increased from 1Q 2019 to 2Q 2019

+0.6 percentage points Increase

2Q 2019 vacancy up from 4.2% one year ago

+0.6 percentage points Increase

2Q 2019 vacancy up from 4.2% one year ago

Retail Space Vacancy Rate (with Sublet)

4.5 % Increase

Vacancy rate increased 0.1 percentage point from 1Q 2019 to 2Q 2019

-0.0 percentage points No change

2Q 2019 vacancy the same as one year ago

-0.0 percentage points No change

2Q 2019 vacancy the same as one year ago

Economic Indicators Current Month Year-Over-Year YTD