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.

June 2015 PDF Download Snapshot

Monthly Economic Indicators

Employment in Metro Denver rose 2.9 percent between April 2014 and 2015, or an additional 44,200 jobs during the period. The employment growth consisted of a 3.1 percent increase in the Denver-Aurora-Lakewood MSA, or an additional 41,600 jobs, and a 1.5 percent increase in the Boulder MSA, representing 2,600 jobs.

Median home prices throughout the Metro Denver area increased between the first quarters of 2014 and 2015. The Boulder MSA reported a 3.6 percent increase ($442,200) in home prices over-the-year, while the Denver-Aurora MSA ($338,100) reported a 17.2 percent increase during the period.

Residential building permits for the Metro Denver area increased in April compared with the prior year. Metro Denver reported a 20.3 percent increase in total permits issued between April 2014 and 2015, with 309 additional permits issued.

Economic Indicators June 2015 2015 YTD

Nonfarm Employment Growth

+8,200 Increase

Employment up 0.5% from March to April

+51,300 Increase

YTD employment up 3.4% through April

% Companies Hiring (Denver Area)

23 % Increase

Companies expecting to add workers increased from 1Q 2015 to 2Q 2015

22 % Increase

YTD average up 3 percentage points compared with 2014

Unemployment Rate

4.1 % Decrease

Unemployment down 0.1 percentage points from March to April

4.3 % Decrease

Down from 2014 YTD average of 5.7%

Initial Unemployment Insurance Claims

9.1 % Increase

Claims increased from March to April

-11.6 % Decrease

YTD average claims decreased through April 2015

Total Retail Sales

2.1 % Increase

Metro sales increased from July to Aug.

4.7 % Increase

YTD sales up through Aug. 2014

Consumer Confidence Index

111.5 Increase

Index up 10.2% from April to May

108.2 Increase

YTD average up 23.2% through May 2015

Hotel Occupancy

73.2 % Increase

Increased 1.8 percentage points from March to April

70.7 % Decrease

YTD occupancy down 0.4 percentage points from last year

DIA Passengers

22.7 % Increase

Passengers increased from Feb. to March

-1.4 % Decrease

YTD passengers decreased through March 2015

Bloomberg Colorado Index

603.5 Increase

Index up 0.1% from April to May

0.4 % Increase

YTD return through May 2015

Dow Jones / Industrial Average

18,010.7 Increase

Index up 1.0% from April to May

1 % Increase

YTD return through May 2015

Home Sales (Closed)

4,598 Increase

Sales up 8.6% from March to April

14,347 Increase

YTD sales up 3.6% through April 2015

Median Home Price (Denver-Aurora MSA)

$338,100 Increase

Up 7.4% from 4Q 2014 to 1Q 2015

$338,100 Increase

YTD price 17.2% higher through 1Q 2015

Foreclosures

369 Increase

Up 0.3% from March to April

1,202 Decrease

Down 43.6% YTD through April 2015

Residential Building Permits (Total)

1,833 Decrease

Permits decreased 9.6% from March to April

5,880 Decrease

YTD permits down1.9% through April 2015

Apartment Vacancy Rate

4.9 % Increase

Vacancy increased 0.2 percentage points from 4Q 2014 to 1Q 2015

4.9 % Decrease

YTD average down from 1Q 2014

Office Vacancy Rate (with Sublet)

10.6 % Decrease

Vacancy rate down 0.1 percentage points from 4Q 2014 to 1Q 2015

-0.9 percentage point Decrease

1Q 2015 vacancy rate down from 11.5% one year ago

Industrial Vacancy Rate (with Sublet)

3.1 % Decrease

Vacancy rate down 0.1 percentage points from 4Q 2014 to 1Q 2015

-0.7 percentage points Decrease

1Q 2015 vacancy rate down from 3.8% one year ago

Retail Space Vacancy Rate (with Sublet)

5.5 % Decrease

Vacancy rate down 0.1 percentage points from 4Q 2014 to 1Q 2015

-0.4 percentage points Decrease

1Q 2015 vacancy rate down from 5.9% one year ago

Economic Indicators June 2015 2015 YTD