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 2015 PDF Download Snapshot

Monthly Economic Indicators

Employment in Metro Denver rose four percent between February 2014 and 2015, or an additional 59,300 jobs during the period. The employment growth consisted of a 4.3 percent increase in the Denver-Aurora-Lakewood MSA, or an additional 56,200 jobs, and a 1.8 percent increase in the Boulder MSA, representing 3,100 jobs.

Metro Denver retail sales increased 7.2 percent over-the-year, with total retail sales reaching just under $9 billion in July.

The Commercial Real Estate market reported significant improvements during the first quarter of 2015, with all four property market types recording declining vacancy rates and rising average lease rates. 

Economic Indicators April 2015 2015 YTD

Nonfarm Employment Growth

+14,200 Increase

Employment up 0.9% from Jan. to Feb.

+55,700 Increase

YTD employment up 3.8% through Feb.

% 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

4.5 % Increase

Unemployment up 0.1 percentage point from Jan. to Feb.

4.4 % Decrease

Down from 2014 YTD average of 6%

Initial Unemployment Insurance Claims

-3.0 % Decrease

Claims decreased from Jan. to Feb.

-13.3 % Decrease

YTD average claims decreased through Feb. 2015

Total Retail Sales

-11 % Decrease

Metro sales decreased from June to July

4.3 % Increase

YTD sales up through July 2014

Consumer Confidence Index

106.3 Decrease

Index down 7% from Feb. to March

110.7 Increase

YTD average up 30.1% through March 2015

Hotel Occupancy

72.6 % Increase

Increased 6.7 percentage points from Jan. to Feb.

69.1 % Increase

YTD occupancy up 2.3 percentage points from last year

DIA Passengers

-9.4 % Decrease

Passengers decreased from Dec. to Jan.

-1.7 % Decrease

YTD passengers decreased through Jan. 2015

Bloomberg Colorado Index

603.6 Decrease

Index down 1.3% from Feb. to March

0.4 % Increase

YTD return through March 2015

Dow Jones / Industrial Average

17,776.1 Decrease

Index down 2% from Feb. to March

-0.3 % Decrease

YTD return through March 2015

Home Sales (Closed)

2,937 Increase

Sales up 16.8% from Jan. to Feb.

5,452 Decrease

YTD sales down 1.8% through Feb. 2015

Median Home Price (Denver-Aurora MSA)

$314,800 Decrease

Down 0.2% from 3Q 2014 to 4Q 2014

$310,200 Increase

YTD price 10.5% higher through 4Q 2014

Foreclosures

243 Increase

Up 9.5% from Jan. to Feb.

465 Decrease

Down 56.5% YTD through Feb. 2015

Residential Building Permits (Total)

1,180 Increase

Permits increased 39.8% from Jan. to Feb.

2,024 Decrease

YTD permits down 17.8% through Feb. 2015

Apartment Vacancy Rate

4.7 % Increase

Vacancy increased 0.8 percentage points from 3Q 2014 to 4Q 2014

4.6 % No change

YTD average unchanged from 4Q 2013

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 April 2015 2015 YTD