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.

August 2020 PDF Download Snapshot

Monthly Economic Indicators

Unemployment in Metro Denver rose 8.1 percentage points over-the-year to 10.9 percent in June 2020. The rate increased from 10.3 percent in May.

The Consumer Confidence Index for the U.S. decreased 31.8 percent over-the-year to 92.6 in July 2020.

Home sales in Metro Denver totaled 5,168 in June, down 8.6 percent from the same time last year. The average price for single-family homes increased 2.5 percent over-the-year, while condominium prices fell 1.1 percent during the period.

Economic Indicators Current Month Year-Over-Year YTD

Nonfarm Employment Growth

44,400 Increase

Employment up 2.8% from May to June

-108,800 Decrease

Employment down 6.2% from June 2019 to 2020

-50,100 Decrease

YTD employment down 2.9% through June

% Companies Hiring (Denver Area)

21 % Decrease

Companies hiring fell 6 percentage points from 2Q 2020 to 3Q 2020

21 % Decrease

Companies hiring fell 8 percentage points from 3Q 2019 to 3Q 2020

25 % Decrease

YTD average down 4 percentage points compared with 2019

Unemployment Rate

10.9 % Increase

Unemployment up 0.6 percentage points between May and June

8.1 percentage points Increase

Unemployment up from June 2019 to 2020

7.3 % Increase

Up 4.4 percentage points from 2019 YTD average

Initial Unemployment Insurance Claims

-35.7 % Decrease

Claims decreased from May to June

562.4 % Increase

Claims increased from June 2019 to 2020

836.5 % Increase

YTD average claims increased through June 2020

Total Retail Sales

23.7 % Increase

National sales increased from April to May

-7.2 % Decrease

National sales decreased from May 2019 to 2020

-4.6 % Decrease

YTD sales decreased through May 2020

Consumer Confidence Index

81.4 Decrease

Index down 10.9 percent from June to July

-40.8 % Decrease

Index down from July 2019 to 2020

108.1 Decrease

YTD average down 19.6% through July 2020

Hotel Occupancy

35.7 % Increase

Increased 10.9 percentage points from May to June

-50.6 percentage points Decrease

Occupancy decreased from June 2019 to June 2020

42.0 % Decrease

YTD occupancy down from last year

DIA Passengers

179.1 % Increase

Passengers up from April to May

-86.2 % Decrease

Passengers down from May 2019 to 2020

-46.2 % Decrease

YTD passengers decreased through May 2020

Bloomberg Colorado Index

618.7 Increase

Index up 7.2% from June to July

5.5 % Increase

Index up from July 2019 to 2020

1.9 % Increase

YTD return up through July 2020

Dow Jones / Industrial Average

26,428.3 Increase

Index up 2.4% from June to July

-1.6 % Decrease

Index down from July 2019 to 2020

-7.4 % Decrease

YTD return down through July 2020

Home Sales (Closed)

5,168 Increase

Sales up 67.4% between May and June

-8.6 % Decrease

Sales down from June 2019 to 2020

23,246 Decrease

YTD sales down 14.5% through June 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

59 Increase

Up 168.2% from May to June

-70.4 % Decrease

Down from June 2019 to 2020

796 Decrease

Down 33.5% YTD through June 2020

Residential Building Permits (Total)

1,832 Increase

Permits increased 90.2% from May to June

-7.2 % Decrease

Permits down June 2019 to June 2020

8,224 Decrease

YTD permits down 15.1% through June 2020

Apartment Vacancy Rate

5.1 % Decrease

Vacancy decreased 0.8 percentage points from 1Q 2020 to 2Q 2020

0.1 percentage points Increase

Vacancy increased from 2Q 2019 to 2Q 2020

5.5 % Increase

YTD average up 0.3 percentage points from last year

Office Vacancy Rate (with Sublet)

10.6 % Increase

Vacancy rate up 0.6 percentage points from 1Q 2020 to 2Q 2020

+0.9 percentage points Increase

2Q 2020 vacancy up from 9.7% one year ago

+0.9 percentage points Increase

2Q 2020 vacancy up from 9.7% one year ago

Industrial Vacancy Rate (with Sublet)

5.8 % Decrease

Vacancy rate increased 0.6 percentage points from 1Q 2020 to 2Q 2020

+1 percentage point Increase

2Q 2020 vacancy up from 4.8% one year ago

+1 percentage point Increase

2Q 2020 vacancy up from 4.8% one year ago

Retail Space Vacancy Rate (with Sublet)

5.0 % Increase

Vacancy rate increased 0.3 percentage points from 1Q 2020 to 2Q 2020

+0.7 percentage points Increase

2Q 2020 vacancy up from 4.3% one year ago

+0.7 percentage points Increase

2Q 2020 vacancy up from 4.3% one year ago

Economic Indicators Current Month Year-Over-Year YTD