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 2017 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

Initial unemployment insurance claims decreased by 28.2 percent between January 2017 and February 2017.

Total foreclosures are down over-the-month, over-the-year, and year-to-date.

Residential building permits are up 26.2 percent between February 2016 and February 2017.

Economic Indicators April 2017 Year-Over-Year 2017 YTD

Nonfarm Employment Growth

6,700 Increase

Employment up 0.4% from Jan. to Feb.

33,400 Increase

Employment up 2.1% from Feb. 2016 to 2017

34,100 Increase

YTD employment up 2.2% through Feb.

% Companies Hiring (Denver Area)

27 % Increase

Companies expecting to add workers rose 2 percentage points from 1Q 2017 to 2Q 2017

27 % Increase

Companies expecting to add workers rose 4 percentage points from 2Q 2016 to 2Q 2017

26 % Increase

YTD average up 3 percentage points compared with 2016

Unemployment Rate

3.2 % Increase

Unemployment rose 0.1 percentage point between Jan. and Feb.

-0.4 percentage points Decrease

Unemployment rate down from Feb. 2016 to 2017

3.1 % Decrease

Down from 2016 YTD average of 3.5%

Initial Unemployment Insurance Claims

-28.2 % Decrease

Claims decreased from Jan. to Feb.

-17.1 % Decrease

Claims decreased from Feb. 2016 to 2017

-5.8 % Decrease

YTD average claims decreased through Feb. 2017

Total Retail Sales

-1.1 % Decrease

Metro sales decreased from Jan. to Feb.

1.3 % Increase

Metro sales up from Feb. 2015 to 2016

-2.8 % Decrease

YTD sales down through Feb. 2016

Consumer Confidence Index

125 Decrease

Index down 0.7% from Feb. to Mar.

42.7 % Increase

Index up from Mar. 2016 to 2017

125.6 Increase

YTD average up 31.7% through Mar. 2017

Hotel Occupancy

64.7 % Increase

Increased 2.6 percentage points from Jan. to Feb.

-3.5 percentage points Decrease

Occupancy decreased from Feb. 2016 to 2017

63.4 % Decrease

YTD occupancy down 2.1 percentage points from last year

DIA Passengers

-8.1 % Decrease

Passengers down from Dec. to Jan.

3.4 % Increase

Passengers up from Jan. 2016 to 2017

3.4 % Increase

YTD passengers increased through Jan. 2017

Bloomberg Colorado Index

548.8 Increase

Index up 2.1% from Feb. to Mar.

10.3 % Increase

Index up from Mar. 2016 to 2017

6.2 % Increase

YTD return through Mar. 2017

Dow Jones / Industrial Average

20,663.2 Decrease

Index down 0.7% from Feb. to Mar.

17 % Increase

Index up from Mar. 2016 to 2017

4.6 % Increase

YTD return through Mar. 2017

Home Sales (Closed)

3,169 Decrease

Sales down 10.6% from Jan. to Feb.

-0.9 % Decrease

Sales down from Feb. 2016 to 2017

6,713 Increase

YTD sales up 3% through Feb. 2017

Median Home Price (Denver-Aurora MSA)

$381,600 Decrease

Down 1.3% from 3Q 2016 to 4Q 2016

7.9 % Increase

Price up from 4Q 2015 to 4Q 2016

$384,300 Increase

YTD price 8.7% higher through 4Q 2016

Foreclosures

234 Decrease

Down 0.8% from Jan. to Feb.

-35.7 % Decrease

Down from Feb. 2016 to 2017

470 Decrease

Down 26.7% YTD through Feb. 2017

Residential Building Permits (Total)

2,016 Increase

Permits increased 2.3% from Jan. to Feb.

26.2 % Increase

Permits up from Feb. 2016 to 2017

3,986 Increase

YTD permits up 27.8% through Feb. 2017

Apartment Vacancy Rate

6.2 % Increase

Vacancy increased 1.1 percentage points from 3Q 2016 to 4Q 2016

-0.6 percentage points Decrease

Vacancy decreased from 4Q 2015 to 4Q 2016

5.7 % Increase

YTD average up 0.4 percentage points from last year

Office Vacancy Rate (with Sublet)

10.6 % Increase

Vacancy rate up 0.5 percentage points from 4Q 2016 to 1Q 2017

+0.7 percentage points Increase

Vacancy rate up from 9.9% one year ago

+0.7 percentage points Increase

Vacancy rate up from 1Q 2016 to 1Q 2017

Industrial Vacancy Rate (with Sublet)

4.3 % Increase

Vacancy rate up 0.2 percentage points from 4Q 2016 to 1Q 2017

+0.9 percentage points Increase

1Q 2017 vacancy up from 3.4% one year ago

+0.9 percentage points Increase

1Q 2017 vacancy up from 3.4% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % No change

Vacancy rate the same from 4Q 2016 to 1Q 2017

-0.3 percentage points Decrease

1Q 2017 vacancy rate down from 5.0% one year ago

-0.3 percentage points Decrease

1Q 2017 vacancy rate down from 5.0% one year ago

Economic Indicators April 2017 Year-Over-Year 2017 YTD