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.

August 2018 PDF Download Snapshot

Monthly Economic Indicators

Colorado was ranked as the third-happiest state in the country based on health, lifestyle, and economic stability factors.

GDP increased at an annual rate of 4.1 percent through the second quarter, which was 1.8 percentage points above the first quarter rate of 2.2 percent.

Metro Denver existing home sales increased 11.1 percent between May and June to 5,937 homes sold.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

15,000 Increase

Employment up 0.9% from May to June

46,400 Increase

Employment up 2.8% from June 2017 to 2018

43,000 Increase

YTD employment up 2.6% through June

% Companies Hiring (Denver Area)

29 % Decrease

Companies expecting to add workers fell 2 percentage points from 2Q 2018 to 3Q 2018

29 % Decrease

Companies expecting to add workers fell 1 percentage point from 3Q 2017 to 3Q 2018

28 % Increase

YTD average up 1 percentage point compared with 2017

Unemployment Rate

2.9 % Increase

Unemployment increased 0.6 points between May and June

0.1 percentage points Increase

Unemployment increased from June 2017 to 2018

2.8 % Increase

Up 0.1 percentage point from 2017 YTD average

Initial Unemployment Insurance Claims

-4.6 % Decrease

Claims decreased from May to June

-2.9 % Decrease

Claims decreased from June 2017 to 2018

-10.2 % Decrease

YTD average claims decreased through June 2018

Total Retail Sales

9.7 % Increase

National sales increased from April to May

6.8 % Increase

National sales increased from May 2017 to 2018

5.1 % Increase

YTD sales rose through May 2018

Consumer Confidence Index

138.6 Increase

Index up 20.4% from June to July

6.1 % Increase

Index up from July 2017 to 2018

130.7 Increase

YTD average up 1.4% through July 2018

Hotel Occupancy

88.3 % Increase

Increased 13.1 percentage points from May to June

-0.7 percentage points Decrease

Occupancy decreased from June 2017 to 2018

72.5 % Decrease

YTD occupancy decreased 1.6 percentage points from last year

DIA Passengers

8.2 % Increase

Passengers up from April to May

4.6 % Increase

Passengers up from May 2017 to 2018

4.2 % Increase

YTD passengers increased through May 2018

Bloomberg Colorado Index

551.3 Decrease

Index down 0.2% from June to July

4.6 % Increase

Index up from July 2017 to 2018

10.8 % Increase

YTD return up through July 2018

Dow Jones / Industrial Average

25,415.2 Increase

Index up 4.7% from June to July

16.1 % Increase

Index up from July 2017 to 2018

2.3 % Increase

YTD return up through July 2018

Home Sales (Closed)

5,937 Increase

Sales up 11.1% between May and June

-6.1 % Decrease

Sales down from June 2017 to 2018

26,855 Decrease

YTD sales down 6% through June 2018

Median Home Price (Denver-Aurora MSA)

$441,500 Increase

Up 6.5% from 4Q 2017 to 1Q 2018

11.5 % Increase

Price up from 1Q 2017 to 1Q 2018

$441,500 Increase

YTD price 11.5% higher through 1Q 2018

Foreclosures

171 Decrease

Down 17% from May to June

-33.7 % Decrease

Down from June 2017 to 2018

1,355 Decrease

Down 9.8% YTD through June 2018

Residential Building Permits (Total)

1,543 Increase

Permits increased 0.3% from May to June

-41.6 % Decrease

Permits down June 2017 to 2018

12,207 Decrease

YTD permits down 10.5% through June 2018

Apartment Vacancy Rate

6 % Decrease

Vacancy decreased 0.1 percentage points from 1Q 2018 to 2Q 2018

1 percentage point Increase

Vacancy increased from 2Q 2017 to 2Q 2018

6.1 % Increase

YTD average up 0.7 percentage points from last year

Office Vacancy Rate (with Sublet)

10.9 % Increase

Vacancy rate increased from 1Q 2018 to 2Q 2018

+0.2 percentage points Increase

Vacancy rate up from 10.7% one year ago

+0.2 percentage points Increase

Vacancy rate up from 10.7% one year ago

Industrial Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate increased from 1Q 2018 to 2Q 2018

+0.2 percentage points Increase

2Q 2018 vacancy up from 4.5% one year ago

+0.2 percentage points Increase

2Q 2018 vacancy up from 4.5% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate increased from 1Q 2018 to 2Q 2018

-0.1 percentage points Decrease

2Q 2018 vacancy down from 4.8% one year ago

-0.1 percentage points Decrease

2Q 2018 vacancy down from 4.8% one year ago

Economic Indicators Current Month Year-Over-Year YTD