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.

January 2020 PDF Download Snapshot

Monthly Economic Indicators

Employment in Metro Denver increased 2.4 percent between November 2018 and 2019, adding 40,300 jobs across all supersectors over-the-year. 

The CPI for the Denver-Aurora-Lakewood area rose 2.8 percent over-the-year to 271.1. 

Home sales in Metro Denver totaled 4,046 in November, 6.9 percent higher than the number of homes sold in November 2018. 

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

10,700 Increase

Employment up 0.6% from September to October

37,100 Increase

Employment up 2.2% from October 2018 to 2019

29,800 Increase

YTD employment up 1.8% through October

% Companies Hiring (Denver Area)

17 % Decrease

Companies hiring fell 12 percentage points from 3Q 2019 to 4Q 2019

17 % Decrease

Companies hiring fell 8 percentage points from 4Q 2018 to 4Q 2019

26 % Decrease

YTD average down 1 percentage point compared with 2018

Unemployment Rate

2.3 % Increase

Unemployment up 0.2 percentage points between Sep. and Oct.

-0.9 percentage points Decrease

Unemployment down from October 2018 to 2019

2.8 % Decrease

Down 0.3 percentage points from 2018 YTD average

Initial Unemployment Insurance Claims

21.2 % Increase

Claims increased from September to October

1.4 % Increase

Claims increased from October 2018 to 2019

2.5 % Increase

YTD average claims increased through October 2019

Total Retail Sales

-8.8 % Decrease

National sales decreased from August to September

3.8 % Increase

National sales increased from September 2018 to 2019

3.4 % Increase

YTD sales rose through September 2019

Consumer Confidence Index

127.7 Decrease

Index down 7.5 percent from October to November

-9.3 % Decrease

Index down from November 2018 to 2019

134.6 Increase

YTD average up 0.3% through November 2019

Hotel Occupancy

79.3 % Decrease

Decreased 2.2 percentage points from September to October

1.7 percentage points Increase

Occupancy increased from October 2018 to October 2019

77.3 % Increase

YTD occupancy up from last year

DIA Passengers

-7.7 % Decrease

Passengers down from August to September

10.9 % Increase

Passengers up from September 2018 to 2019

7.4 % Increase

YTD passengers increased through September 2019

Bloomberg Colorado Index

589.4 Increase

Index up 3.7% from October to November

13.1 % Increase

Index up from November 2018 to 2019

28.0 % Increase

YTD return up through November 2019

Dow Jones / Industrial Average

28,051.4 Increase

Index up 3.7% from October to November

9.8 % Increase

Index up from November 2018 to 2019

20.3 % Increase

YTD return up through November 2019

Home Sales (Closed)

5,079 Increase

Sales up 2.4% between September and October

12.4 % Increase

Sales up from October 2018 to 2019

48,762 Increase

YTD sales up 6.7% through October 2019

Median Home Price (Denver-Aurora MSA)

$465,700 Increase

Down 1.2% from 2Q 2019 to 3Q 2019

3.5 % Increase

Price up from 3Q 2018 to 3Q 2019

$461,233 Increase

YTD price 2.2% higher through 3Q 2019

Foreclosures

278 Increase

Up 40.4% from September to October

5.3 % Increase

Up from October 2018 to 2019

2,318 Increase

Up 0.3% YTD through October 2019

Residential Building Permits (Total)

2,314 Increase

Permits increased 98.1% from September to October

37.7 % Increase

Permits up October 2018 to 2019

16,446 Decrease

YTD permits down 13.6% through October 2019

Apartment Vacancy Rate

4.7 % Decrease

Vacancy decreased 0.3 percentage points from 2Q 2019 to 3Q 2019

-0.8 percentage points Decrease

Vacancy decreased from 3Q 2018 to 3Q 2019

5.0 % Decrease

YTD average down 0.9 percentage points from last year

Office Vacancy Rate (with Sublet)

9.9 % Increase

Vacancy rate up 0.2 percentage points from 2Q 2019 to 3Q 2019

-0.4 percentage points Decrease

3Q 2019 vacancy down from 10.3% one year ago

-0.4 percentage points Decrease

3Q 2019 vacancy down from 10.3% one year ago

Industrial Vacancy Rate (with Sublet)

5.3 % Increase

Vacancy rate increased 0.7 percentage points from 2Q 2019 to 3Q 2019

+1.1 percentage points Increase

3Q 2019 vacancy up from 4.2% one year ago

+1.1 percentage points Increase

3Q 2019 vacancy up from 4.2% one year ago

Retail Space Vacancy Rate (with Sublet)

4.6 % Increase

Vacancy rate increased 0.2 percentage points from 2Q 2019 to 3Q 2019

+0.3 percentage points Increase

3Q 2019 vacancy up from 4.3% from one year ago

+0.3 percentage points Increase

3Q 2019 vacancy up from 4.3% from one year ago

Economic Indicators Current Month Year-Over-Year YTD