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 2017 PDF Download Snapshot

Monthly Economic Indicators

20 percent of the employers in the Denver MSA plan to increase employment levels during the fourth quarter of 2017, down from 28 percent at the same time last year.

Three of the four stock market indices improved in October, while all four improved over-the-year.

According to the National Association of Realtors, the median existing home price in the Denver MSA ($418,100) during the third quarter of 2017 was 8.1 percent above the year-ago level.

Economic Indicators November 2017 Year-Over-Year 2017 YTD

Nonfarm Employment Growth

-2,400 Decrease

Employment down 0.1% from August to September

27,700 Increase

Employment up 1.7% from September 2016 to 2017

33,600 Increase

YTD employment up 2.1% through September

% Companies Hiring (Denver Area)

20 % Decrease

Companies expecting to add workers fell 10 percentage points from 3Q 2017 to 4Q 2017

20 % Decrease

Companies expecting to add workers fell 8 percentage points from 4Q 2016 to 4Q 2017

26 % Increase

YTD average up 1 percentage point compared with 2016

Unemployment Rate

2.2 % Increase

Unemployment rose 0.1 points between August and September

-0.6 percentage points Decrease

Unemployment rate down from September 2016 to 2017

2.5 % Decrease

Down from 2016 YTD average of 3.3%

Initial Unemployment Insurance Claims

-8.9 % Decrease

Claims decreased from August to September

-9.7 % Decrease

Claims decreased from September 2016 to 2017

-10.7 % Decrease

YTD average claims decreased through September 2017

Total Retail Sales

3.1 % Increase

National sales increased from July to August

3.9 % Increase

National sales increased from August 2016 to 2017

3.8 % Increase

YTD sales rose through August 2017

Consumer Confidence Index

149.1 Increase

Index up 24.9% from September to October.

46.9 % Increase

Index up from October 2016 to 2017

129.2 Increase

YTD average up 28.6% through October 2017

Hotel Occupancy

83.9 % Decrease

Decreased 2 percentage points from August to September

0.1 percentage points Increase

Occupancy increased from September 2016 to 2017

77.9 % No change

YTD occupancy unchanged from last year

DIA Passengers

-11 % Decrease

Passengers down from August to September

-0.3 % Decrease

Passengers down from September 2016 to 2017

6.2 % Increase

YTD passengers increased through September 2017

Bloomberg Colorado Index

505.7 Decrease

Index down 0.4% from September to October

2.5 % Increase

Index up from October 2016 to 2017

-2.2 % Decrease

YTD return down through October 2017

Dow Jones / Industrial Average

23,377.2 Increase

Index up 4.3% from September to October

28.9 % Increase

Index up from September 2016 to 2017

18.3 % Increase

YTD return up through October 2017

Home Sales (Closed)

4,894 Decrease

Sales down 17% from August to September

-10.2 % Decrease

Sales down from September 2016 to 2017

45,023 Decrease

YTD sales down 0.9% through September 2017

Median Home Price (Denver-Aurora MSA)

$418,100 Decrease

Down 1.5% from 2Q 2017 to 3Q 2017

8.1 % Increase

Price up from 3Q 2016 to 3Q 2017

$412,900 Increase

YTD price 7.7% higher through 3Q 2017

Foreclosures

242 Decrease

Down 15.1% from August to September

2.1 % Increase

Up from September 2016 to 2017

2,273 Decrease

Down 6.6% YTD through September 2017

Residential Building Permits (Total)

1,404 Decrease

Permits decreased 37.4% from August to September

-13 % Decrease

Permits down from September 2016 to 2017

18,908 Increase

YTD permits up 24.1% through September 2017

Apartment Vacancy Rate

5.4 % Increase

Vacancy increased 0.4 percentage points from 2Q 2017 to 3Q 2017

0.3 percentage points Increase

Vacancy increased from 3Q 2016 to 3Q 2017

5.4 % Decrease

YTD average down 0.1 percentage points from last year

Office Vacancy Rate (with Sublet)

10.8 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2017 to 3Q 2017

+0.8 percentage points Increase

Vacancy rate up from 10% one year ago

+0.8 percentage points Increase

Vacancy rate up from 10% one year ago

Industrial Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate up 0.2 percentage points from 2Q 2017 to 3Q 2017

+0.9 percentage points Increase

3Q 2017 vacancy up from 3.8% one year ago

+0.9 percentage points Increase

3Q 2017 vacancy up from 3.8% one year ago

Retail Space Vacancy Rate (with Sublet)

5 % No change

Vacancy rate unchanged from 2Q 2017 to 3Q 2017

+0.1 percentage points Increase

3Q 2017 vacancy rate up from 4.9% one year ago

+0.1 percentage points Increase

3Q 2017 vacancy rate up from 4.9% one year ago

Economic Indicators November 2017 Year-Over-Year 2017 YTD