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 2020 PDF Download Snapshot

Monthly Economic Indicators

Unemployment in Metro Denver rose 9.3 percentage points over-the-year to 11.9 percent in April 2020.

The Consumer Confidence Index for the U.S. decreased 34 percent over-the-year to 86.6 in May 2020.

The average hotel occupancy rate in Metro Denver fell 59.3 percentage points over-the-year to 15.7 percent in the month of April. The average hotel room rate fell to $84.38 per night, a decrease of $57.24 compared with April 2019. 

Economic Indicators June 2020 Year-Over-Year YTD

Nonfarm Employment Growth

-182,800 Decrease

Employment down 10.5% from March to April

-167,100 Decrease

Employment down 9.7% from April 2019 to 2020

-12,200 Decrease

YTD employment down 0.7% through April

% Companies Hiring (Denver Area)

27 % Increase

Companies hiring rose 1 percentage point from 1Q 2020 to 2Q 2020

27 % Decrease

Companies hiring fell 8 percentage points from 2Q 2019 to 2Q 2020

27 % Decrease

YTD average down 2 percentage points compared with 2019

Unemployment Rate

11.9 % Increase

Unemployment up 7.4 percentage points between March and April

9.3 percentage points Increase

Unemployment up from April 2019 to 2020

5.5 % Increase

Up 2.5 percentage points from 2019 YTD average

Initial Unemployment Insurance Claims

27.7 % Increase

Claims increased from March to April

2329.7 % Increase

Claims increased from April 2019 to 2020

881.6 % Increase

YTD average claims increased through April 2020

Total Retail Sales

0.3 % Increase

National sales increased from February to March

-6.6 % Decrease

National sales decreased from March 2019 to 2020

1.8 % Increase

YTD sales rose through March 2020

Consumer Confidence Index

88.8 Increase

Index up 2.3 percent from April to May

-35.2 % Decrease

Index down from May 2019 to 2020

117.3 Decrease

YTD average down 11.8% through May 2020

Hotel Occupancy

15.7 % Decrease

Decreased 21.8 percentage points from March to April

-59.3 percentage points Decrease

Occupancy decreased from April 2019 to April 2020

47.0 % Decrease

YTD occupancy down from last year

DIA Passengers

-40.4 % Decrease

Passengers down from February to March

-46.4 % Decrease

Passengers down from March 2019 to 2020

-12.9 % Decrease

YTD passengers decreased through March 2020

Bloomberg Colorado Index

579.1 Increase

Index up 10.5% from April to May

8.6 % Increase

Index up from May 2019 to 2020

-4.6 % Decrease

YTD return down through May 2020

Dow Jones / Industrial Average

25,383.1 Increase

Index up 4.3% from April to May

2.3 % Increase

Index up from May 2019 to 2020

-11.1 % Decrease

YTD return down through May 2020

Home Sales (Closed)

3,942 Decrease

Sales down 10.7% between March and April

-19.8 % Decrease

Sales down from April 2019 to 2020

14,990 Decrease

YTD sales down 5% through Apr. 2020

Median Home Price (Denver-Aurora MSA)

$473,800 Increase

Up 3.4% from 4Q 2019 to 1Q 2020

6.1 % Increase

Price up from 1Q 2019 to 1Q 2020

$473,800 Increase

YTD price 6.1% higher through 1Q 2020

Foreclosures

161 Decrease

Down 35.8% from February to March

-25.7 % Decrease

Down from March 2019 to 2020

698 Decrease

Down 4.5% YTD through March 2020

Residential Building Permits (Total)

1,613 Increase

Permits increased 35.8% from Mar. to Apr.

23.0 % Increase

Permits up Apr. 2019 to Apr. 2020

5,510 Decrease

YTD permits down 7.6% through Apr. 2020

Apartment Vacancy Rate

5.9 % Increase

Vacancy increased 0.6 percentage points from 4Q 2019 to 1Q 2020

0.5 percentage points Increase

Vacancy increased from 1Q 2019 to 1Q 2020

5.9 % Increase

YTD average up 0.5 percentage points from last year

Office Vacancy Rate (with Sublet)

10.0 % Increase

Vacancy rate up 0.2 percentage points from 4Q 2019 to 1Q 2020

+0.1 percentage points Increase

1Q 2020 vacancy up from 9.9% one year ago

+0.1 percentage points Increase

1Q 2020 vacancy up from 9.9% one year ago

Industrial Vacancy Rate (with Sublet)

5.4 % Decrease

Vacancy rate decreased 0.2 percentage points from 4Q 2019 to 1Q 2020

+0.4 percentage points Increase

1Q 2020 vacancy up from 5% one year ago

+0.4 percentage points Increase

1Q 2020 vacancy up from 5% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % Increase

Vacancy rate increased 0.1 percentage points from 4Q 2019 to 1Q 2020

+0.5 percentage points Increase

1Q 2020 vacancy up from 4.2% one year ago

+0.5 percentage points Increase

1Q 2020 vacancy up from 4.2% one year ago

Economic Indicators June 2020 Year-Over-Year YTD