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.

November 2018 PDF Download Snapshot

Monthly Economic Indicators

The PwC MoneyTree Report for 3Q 2018 ranks Colorado No. 4 on the list of Top 10 U.S. states for venture capital-backed deals during the quarter.

Among employers surveyed, 25 percent plan to hire more employees from October to December, an increase of 5 percentage points from the same period last year.

Outdoor recreation’s economic impact in Colorado has more than doubled in just the past four years, adding $62.5 billion to the state’s economy and supporting 511,000 direct and indirect jobs.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

-4,000 Decrease

Employment down 0.2% from Aug to Sept

42,300 Increase

Employment up 2.5% from Sept 2017 to 2018

44,700 Increase

YTD employment up 2.7% through Sept

% Companies Hiring (Denver Area)

25 % Decrease

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

25 % Increase

Companies expecting to add workers rose 5 percentage points from 4Q 2017 to 4Q 2018

27 % Increase

YTD average up 1 percentage point compared with 2017

Unemployment Rate

3 % Decrease

Unemployment down 0.3 percentage points between Aug and Sept

0.4 percentage points Increase

Unemployment increased from Sept 2017 to 2018

2.9 % Increase

Up 0.2 percentage point from 2017 YTD average

Initial Unemployment Insurance Claims

-7.4 % Decrease

Claims decreased from Aug to Sept

-9.4 % Decrease

Claims decreased from Sept 2017 to 2018

-10.6 % Decrease

YTD average claims decreased through Sept 2018

Total Retail Sales

3.3 % Increase

National sales increased from July to Aug

6.9 % Increase

National sales increased from Aug 2017 to 2018

5.6 % Increase

YTD sales rose through Aug 2018

Consumer Confidence Index

134.7 Decrease

Index down 11.6% from Sept to Oct

-7.2 % Decrease

Index down from Oct 2017 to 2018

133.1 Increase

YTD average up 3.3% through Oct 2018

Hotel Occupancy

82.9 % Decrease

Decreased 2.3 percentage points from Aug to Sept

-1 percentage points Decrease

Occupancy decreased from Sept 2017 to 2018

76.7 % Decrease

YTD occupancy decreased 1.2 percentage points from last year

DIA Passengers

-2.4 % Decrease

Passengers down from July to Aug

4.3 % Increase

Passengers up from Aug 2017 to 2018

4.3 % Increase

YTD passengers increased through Aug 2018

Bloomberg Colorado Index

495.1 Decrease

Index down 7.6% from Sept to Oct

-2.1 % Decrease

Index down from Oct 2017 to 2018

-0.5 % Decrease

YTD return down through Oct 2018

Dow Jones / Industrial Average

25,115.8 Decrease

Index down 5.1% from Sept to Oct

7.4 % Increase

Index up from Oct 2017 to 2018

1.1 % Increase

YTD return up through Oct 2018

Home Sales (Closed)

4,180 Decrease

Sales down 5.7% between Aug and Sept

-14.6 % Decrease

Sales down from Sept 2017 to 2018

41,164 Decrease

YTD sales down 8.6% through Sept 2018

Median Home Price (Denver-Aurora MSA)

$450,100 Decrease

Down 2.8% from 2Q 2018 to 3Q 2018

7.7 % Increase

Price up from 3Q 2017 to 3Q 2018

$451,500 Increase

YTD price 9.3% higher through 3Q 2018

Foreclosures

210 Decrease

Down 12.1% from Aug to Sept

-12.9 % Decrease

Down from Sept 2017 to 2018

2,046 Decrease

Down 9.1% YTD through Sept 2018

Residential Building Permits (Total)

2,553 Increase

Permits increased 54.6% from Aug to Sept

83.9 % Increase

Permits up Sept 2017 to 2018

17,588 Decrease

YTD permits down 6.6% through Sept 2018

Apartment Vacancy Rate

5.5 % Decrease

Vacancy decreased 0.5 percentage points from 2Q 2018 to 3Q 2018

0.1 percentage point Increase

Vacancy increased from 3Q 2017 to 3Q 2018

5.9 % Increase

YTD average up 0.5 percentage points from last year

Office Vacancy Rate (with Sublet)

10.2 % Decrease

Vacancy rate decreased from 2Q 2018 to 3Q 2018

-0.3 percentage points Decrease

Vacancy rate down from 10.5% one year ago

-0.3 percentage points Decrease

Vacancy rate down from 10.5% one year ago

Industrial Vacancy Rate (with Sublet)

4.6 % Increase

Vacancy rate increased from 2Q 2018 to 3Q 2018

-0.2 percentage points Decrease

3Q 2018 vacancy down from 4.8% one year ago

-0.2 percentage points Decrease

3Q 2018 vacancy down from 4.8% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % No change

Vacancy rate remained flat from 2Q 2018 to 3Q 2018

-0.2 percentage points Decrease

3Q 2018 vacancy down from 4.9% one year ago

-0.2 percentage points Decrease

3Q 2018 vacancy down from 4.9% one year ago

Economic Indicators Current Month Year-Over-Year YTD