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.

April 2014 Download PDF

Monthly Economic Indicators

 

Economic Indicators April 2014 2014 YTD

Nonfarm Employment Growth

-31,500 Decrease

Employment decreased 2.1% from Dec. to Jan.

+40,400 Increase

YTD employment up 2.8% through Jan.

% Companies Hiring (Denver Area)

20 % Increase

Companies expecting to add workers increased from Q1 2014 to Q2 2014

19 % Decrease

YTD average down 3 percentage points compared with 2013

Unemployment Rate

6.3 % Increase

Metro rate increased 0.7 percentage points from Dec.to Jan.

6.3 % Decrease

Down from 2013 YTD avg of 7.6%

Initial Unemployment Insurance Claims

-15.9 % Decrease

Claims decreased from Jan. to Feb.

-12.6 % Decrease

YTD average claims decreased 12.6% through Feb. 2014

Total Retail Sales

73 % Increase

Metro sales increased from Nov. to Dec.

3.9 % Increase

YTD sales up through Dec. 2013

Consumer Confidence Index

105.1 Increase

Index up 31.6% from Feb. to Mar.

86.8 Increase

YTD average up 53% through Mar. 2014

Hotel Occupancy

67.2 % Increase

Increased 0.8 percentage points from Jan. to Feb.

66.8 % Increase

YTD occupancy up 11%

DIA Passengers

-6.8 % Decrease

Passengers decreased from Jan. to Feb.

1.5 % Increase

YTD passengers increased through Feb. 2014

Bloomberg Colorado Index

616.4 Decrease

Index down 1.9% from Feb. to Mar.

+1.0 % Increase

YTD Return through Mar. 2014

Dow Jones / Industrial Average

16,457.7 Increase

Index increased 0.8% from Feb. to Mar.

-0.7 % Decrease

YTD Return through Mar. 2014

Home Sales (Closed)

2,770 Increase

Sales up 10.2% from Jan. to Feb.

5,283 Decrease

YTD sales down 5.6% through Feb. 2014

Median Home Price (Denver-Aurora MSA)

$279,300 Decrease

Down 2.6% from Q3 to Q4 2013

$280,600 Increase

YTD price 11.2% higher through Q4 2013

Foreclosures

532 Increase

Up 11.1% from Dec. to Jan.

532 Decrease

Down 41.9% YTD through Jan. 2014

Residential Building Permits (Total)

1,901 Increase

Permits increased 105% from Jan. to Feb.

2,828 Increase

YTD permits up 82.7% through Feb. 2014

Apartment Vacancy Rate

5.2 % Increase

Vacancy increased 0.8 percentage points from Q3 to Q4 2013

4.6 % Decrease

YTD average down 0.1 percentage points through Q4 2013

Office Vacancy Rate (with Sublet)

11.2 % Decrease

Vacancy rate down 0.2 percentage points from Q4 2013 to Q1 2014

-0. 9 percentage points Decrease

Q1 2014 vacancy rate down from 12.1% one year ago

Industrial Vacancy Rate (with Sublet)

3.8 % Decrease

Vacancy rate down 0.4 percentage points from Q4 2013 to Q1 2014

-2 percentage points Decrease

Q1 2014 vacancy rate down from 5.8% one year ago

Retail Space Vacancy Rate (with Sublet)

6.0 % Decrease

Vacancy rate down 0.4 percentage points from Q4 2013 to Q1 2014

-0.7 percentage points Decrease

Q1 2014 vacancy rate down from 6.7% one year ago

Economic Indicators April 2014 2014 YTD