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.

February 2020 PDF Download Snapshot

Monthly Economic Indicators

Unemployment in Metro Denver fell 1.3 percentage points over-the-year to 2.3 percent in December 2019.

The Consumer Confidence Index for the U.S. increased 8.1 percent over-the-year to 131.6 in January 2020.

The apartment vacancy rate throughout Metro Denver fell 0.5 percentage points over-the-year to 5.3 percent vacancy. Vacancy rates ranged from 4.8 percent in Adams and Arapahoe Counties to 6 percent in Denver County. 

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

4,300 Increase

Employment up 0.2% from November to December

40,300 Increase

Employment up 2.4% from December 2018 to 2019

31,600 Increase

YTD employment up 1.9% through December

% Companies Hiring (Denver Area)

26 % Increase

Companies hiring rose 9 percentage points from 4Q 2019 to 1Q 2020

26 % Increase

Companies hiring rose 4 percentage points from 1Q 2019 to 1Q 2020

26 % Increase

YTD average up 4 percentage points compared with 2019

Unemployment Rate

2.3 % Decrease

Unemployment down 0.1 percentage points between Nov. and Dec.

-1.3 percentage points Decrease

Unemployment down from December 2018 to 2019

2.7 % Decrease

Down 0.4 percentage points from 2018 YTD average

Initial Unemployment Insurance Claims

-8.9 % Decrease

Claims decreased from November to December

-5.4 % Decrease

Claims decreased from December 2018 to 2019

2.5 % Increase

YTD average claims increased through December 2019

Total Retail Sales

2.2 % Increase

National sales increased from October to November

2.8 % Increase

National sales increased from November 2018 to 2019

3.3 % Increase

YTD sales rose through November 2019

Consumer Confidence Index

143.7 Increase

Index up 3.2 percent from December 2019 to January 2020

10.5 % Increase

Index up from January 2019 to 2020

143.7 Increase

YTD average up 10.5% through January 2020

Hotel Occupancy

55.7 % Decrease

Decreased 8.9 percentage points from November to December

1.3 percentage points Increase

Occupancy increased from December 2018 to December 2019

74.3 % Increase

YTD occupancy up from last year

DIA Passengers

-12.7 % Decrease

Passengers down from October to November

0.6 % Increase

Passengers up from November 2018 to 2019

6.7 % Increase

YTD passengers increased through November 2019

Bloomberg Colorado Index

610.4 Increase

Index up 0.5% from December 2019 to January 2020

19.9 % Increase

Index up from January 2019 to 2020

0.5 % Increase

YTD return up through January 2020

Dow Jones / Industrial Average

28,256.0 Decrease

Index down 1% from December 2019 to January 2020

13.0 % Increase

Index up from January 2019 to 2020

-1.0 % Decrease

YTD return down through January 2020

Home Sales (Closed)

4,440 Increase

Sales up 9.7% between November to December

20.5 % Increase

Sales up from December 2018 to 2019

57,248 Increase

YTD sales up 7.7% through December 2019

Median Home Price (Denver-Aurora MSA)

$465,700 Decrease

Down 1.2% from 2Q 2019 to 3Q 2019

3.5 % Increase

Price up from 3Q 2018 to 3Q 2019

$461,200 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)

2,491 Increase

Permits increased 70% from November to December

-11.0 % Decrease

Permits down December 2018 to 2019

20,373 Decrease

YTD permits down 15.3% through December 2019

Apartment Vacancy Rate

5.3 % Increase

Vacancy increased 0.6 percentage points from 3Q 2019 to 4Q 2019

-0.5 percentage points Decrease

Vacancy decreased from 4Q 2018 to 4Q 2019

5.1 % Decrease

YTD average down 0.8 percentage points from last year

Office Vacancy Rate (with Sublet)

9.8 % Decrease

Vacancy rate down 0.1 percentage points from 3Q 2019 to 4Q 2019

-0.4 percentage points Decrease

4Q 2019 vacancy down from 10.2% one year ago

-0.4 percentage points Decrease

4Q 2019 vacancy down from 10.2% one year ago

Industrial Vacancy Rate (with Sublet)

5.2 % Decrease

Vacancy rate decreased 0.1 percentage points from 3Q 2019 to 4Q 2019

+1.1 percentage points Increase

4Q 2019 vacancy up from 4.1% one year ago

+1.1 percentage points Increase

4Q 2019 vacancy up from 4.1% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate increased 0.2 percentage points from 3Q 2019 to 4Q 2019

+0.6 percentage points Increase

4Q 2019 vacancy up from 4.1% one year ago

+0.6 percentage points Increase

4Q 2019 vacancy up from 4.1% one year ago

Economic Indicators Current Month Year-Over-Year YTD