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 2019 PDF Download Snapshot

Monthly Economic Indicators

The Federal Open Market Committee (FOMC) of the Federal Reserve raised rates to 2.25-2.5 percent in its December meeting.

The state’s minimum wage increased from $10.20 to $11.10 as of January 1, 2019.

United Airlines will operate a year-round flight to Frankfurt, Germany, beginning May 2.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

2,300 Increase

Employment up 0.1% from Oct to Nov

36,900 Increase

Employment up 2.2% from Nov 2017 to 2018

43,500 Increase

YTD employment up 2.6% through Nov

% Companies Hiring (Denver Area)

22 % Decrease

Companies expecting to add workers fell 3 percentage points from 4Q 2018 to 1Q 2019

22 % Decrease

Companies expecting to add workers fell 1 percentage point from 1Q 2018 to 1Q 2019

22 % Decrease

YTD average down 1 percentage point compared with 2018

Unemployment Rate

3.2 % Increase

Unemployment up 0.2 percentage points between Oct and Nov

0.5 percentage points Increase

Unemployment increased from Nov 2017 to 2018

2.9 % Increase

Up 0.2 percentage points from 2017 YTD average

Initial Unemployment Insurance Claims

18.1 % Increase

Claims increased from Oct to Nov

-8.6 % Decrease

Claims decreased from Nov 2017 to 2018

-9.7 % Decrease

YTD average claims decreased through Nov 2018

Total Retail Sales

5.2 % Increase

National sales increased from Sept to Oct

6.3 % Increase

National sales increased from Oct 2017 to 2018

5.3 % Increase

YTD sales rose through Oct 2018

Consumer Confidence Index

140.2 Decrease

Index down 0.4% from Nov to Dec

11 % Increase

Index up from Dec 2017 to 2018

134.7 Increase

YTD average up 3.6% through Dec 2018

Hotel Occupancy

63.4 % Decrease

Decreased 14.2 percentage points from Oct to Nov

-1.5 percentage points Decrease

Occupancy decreased from Nov 2017 to 2018

75.6 % Decrease

YTD occupancy decreased 1.3 percentage points from last year

DIA Passengers

6.1 % Increase

Passengers up from Sept to Oct

8.0 % Increase

Passengers up from Oct 2017 to 2018

4.8 % Increase

YTD passengers increased through Oct 2018

Bloomberg Colorado Index

460.6 Decrease

Index down 11.6% from Nov to Dec

-7.4 % Decrease

Index down from Dec 2017 to 2018

-7.4 % Decrease

YTD return down through Dec 2018

Dow Jones / Industrial Average

23,327.5 Decrease

Index down 8.7% from Nov to Dec

-6.1 % Decrease

Index down from Dec 2017 to 2018

-6.1 % Decrease

YTD return down through Dec 2018

Home Sales (Closed)

3,785 Decrease

Sales down 16.2% between Oct and Nov

-18.8 % Decrease

Sales down from Nov 2017 to 2018

49,467 Decrease

YTD sales down 9.7% through Nov 2018

Median Home Price (Denver-Aurora MSA)

$450,100 Decrease

Down 2.8% from 2Q 2018 to 3Q 2018

7.7 % Increase

Price up from 3Q 2017 to 3Q 2018

$451,500 Increase

YTD price 9.3% higher through 3Q 2018

Foreclosures

188 Decrease

Down 28.2% from Oct to Nov

-26.0 % Decrease

Down from Nov 2017 to 2018

2,495 Decrease

Down 9.4% YTD through Nov 2018

Residential Building Permits (Total)

1,591 Decrease

Permits decreased 28.5% from Sept to Oct

8.4 % Increase

Permits up Oct 2017 to 2018

18,759 Decrease

YTD permits down 7.6% through Oct 2018

Apartment Vacancy Rate

5.5 % Decrease

Vacancy decreased 0.5 percentage points from 2Q 2018 to 3Q 2018

0.1 percentage point Increase

Vacancy increased from 3Q 2017 to 3Q 2018

5.9 % Increase

YTD average up 0.5 percentage points from last year

Office Vacancy Rate (with Sublet)

9.9 % Decrease

Vacancy rate decreased from 3Q 2018 to 4Q 2018

-0.5 percentage points Decrease

Vacancy rate down from 10.4% one year ago

-0.5 percentage points Decrease

Vacancy rate down from 10.4% one year ago

Industrial Vacancy Rate (with Sublet)

4.4 % No change

Vacancy rate unchanged from 3Q 2018 to 4Q 2018

+0.4 percentage points Increase

4Q 2018 vacancy up from 4% one year ago

+0.4 percentage points Increase

4Q 2018 vacancy up from 4% one year ago

Retail Space Vacancy Rate (with Sublet)

4.3 % Decrease

Vacancy rate decreased 0.2 percentage points from 3Q 2018 to 4Q 2018

-0.2 percentage points Decrease

4Q 2018 vacancy down from 4.5% one year ago

-0.2 percentage points Decrease

4Q 2018 vacancy down from 4.5% one year ago

Economic Indicators Current Month Year-Over-Year YTD