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 2017 PDF Download Snapshot

Monthly Economic Indicators

Metro Denver's initial unemployment insurance claims year-to-date in July approached levels not posted since July 2006.

Consumer confidence in the Mountain Region was up 11.9 percent over-the-year and included positive increases in the Present Situation and Expectations indexes.

Denver International Airport recorded nearly 5.7 million passengers in June, marking the single busiest month ever at the airport.

Economic Indicators September 2017 Year-Over-Year 2017 YTD

Nonfarm Employment Growth

-1,700 Decrease

Employment down 0.1% from June to July

33,400 Increase

Employment up 2.1% from July 2016 to 2017

34,500 Increase

YTD employment up 2.1% through July

% Companies Hiring (Denver Area)

30 % Increase

Companies expecting to add workers rose 3 percentage points from 2Q 2017 to 3Q 2017

30 % Increase

Companies expecting to add workers rose 5 percentage points from 3Q 2016 to 3Q 2017

27 % Increase

YTD average up 3 percentage points compared with 2016

Unemployment Rate

2.4 % Decrease

Unemployment fell 0.1 percentage points between June and July

-0.8 percentage points Decrease

Unemployment rate down from July 2016 to 2017

2.5 % Decrease

Down from 2016 YTD average of 3.4%

Initial Unemployment Insurance Claims

14.8 % Increase

Claims increased from June to July

-1.7 % Decrease

Claims decreased from July 2016 to 2017

-11.2 % Decrease

YTD average claims decreased through July 2017

Total Retail Sales

-1.1 % Decrease

Metro sales decreased from Jan. to Feb.

1.3 % Increase

Metro sales up from Feb. 2015 to 2016

-2.8 % Decrease

YTD sales down through Feb. 2016

Consumer Confidence Index

123.4 Decrease

Index down 5.5% from July to August

11.9 % Increase

Index up from August 2016 to 2017

128.2 Increase

YTD average up 28.1% through August 2017

Hotel Occupancy

86 % Decrease

Decreased 3 percentage points from June to July

-1.7 percentage points Decrease

Occupancy decreased from July 2016 to 2017

75.8 % No change

YTD occupancy unchanged from last year

DIA Passengers

7.2 % Increase

Passengers up from May to June

8.5 % Increase

Passengers up from June 2016 to 2017

7.4 % Increase

YTD passengers increased through June 2017

Bloomberg Colorado Index

501.6 Decrease

Index down 4.8% from July to August

-2 % Decrease

Index down from August 2016 to 2017

-3 % Decrease

YTD return down through August 2017

Dow Jones / Industrial Average

21,948.1 Increase

Index up 0.3% from July to August

19.3 % Increase

Index up from August 2016 to 2017

11.1 % Increase

YTD return up through August 2017

Home Sales (Closed)

5,673 Decrease

Sales down 10.3% from June to July

-3.5 % Decrease

Sales down from July 2016 to 2017

34,236 Increase

YTD sales up 1.1% through July 2017

Median Home Price (Denver-Aurora MSA)

$424,500 Increase

Up 7.2% from 1Q 2017 to 2Q 2017

7.6 % Increase

Price up from 2Q 2016 to 2Q 2017

$410,300 Increase

YTD price 7.5% higher through 2Q 2017

Foreclosures

221 Decrease

Down 13.7% from June to July

5.2 % Increase

Up from July 2016 to 2017

1,732 Decrease

Down 10.2% YTD through July 2017

Residential Building Permits (Total)

1,713 Decrease

Permits decreased 35.1% from June to July

18.1 % Increase

Permits up from July 2016 to 2017

14,986 Increase

YTD permits up 24.9% through July 2017

Apartment Vacancy Rate

5 % Decrease

Vacancy decreased 0.7 percentage points from 1Q 2017 to 2Q 2017

-0.4 percentage points Decrease

Vacancy decreased from 2Q 2016 to 2Q 2017

5.4 % Decrease

YTD average down 0.4 percentage points from last year

Office Vacancy Rate (with Sublet)

10.9 % Increase

Vacancy rate up 0.2 percentage points from 1Q 2017 to 2Q 2017

+1.1 percentage points Increase

Vacancy rate up from 9.8% one year ago

+1.1 percentage points Increase

Vacancy rate up from 2Q 2016 to 2Q 2017

Industrial Vacancy Rate (with Sublet)

4.3 % No change

Vacancy rate unchanged from 1Q 2017 to 2Q 2017

+0.7 percentage points Increase

2Q 2017 vacancy up from 3.6% one year ago

+0.7 percentage points Increase

2Q 2017 vacancy up from 3.6% one year ago

Retail Space Vacancy Rate (with Sublet)

4.9 % Increase

Vacancy rate up 0.1 percentage points from 1Q 2017 to 2Q 2017

+0.1 percentage points Increase

2Q 2017 vacancy rate up from 4.8% one year ago

+0.1 percentage points Increase

2Q 2017 vacancy rate up from 4.8% one year ago

Economic Indicators September 2017 Year-Over-Year 2017 YTD