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.

December 2015 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

Employment in Metro Denver rose 2.4 percent between October 2014 and 2015, or an additional 36,600 jobs during the period. The employment growth consisted of a 2.5 percent increase in the Denver-Aurora-Lakewood MSA, or an additional 34,700 jobs, and a 1.1 percent increase in the Boulder MSA, representing 1,900 jobs.

Consumer Confidence for the Mountain Region Index, which includes Colorado, reported declines in November. The index fell to 97.4 in November from the October revised level of 103.2, decreasing 5.6 percent over-the-month. The index also fell 3.8 percent over-the-year.

A National Association of Realtors report revealed that median home prices throughout the Metro Denver area decreased between the second and third quarters of 2015. The Boulder MSA reported a 3.2 percent decrease ($449,000) in home prices over-the-quarter, while the Denver-Aurora MSA ($353,000) recorded a 2.7 percent decrease in home prices during the same period. 

Economic Indicators December 2015 2015 YTD

Nonfarm Employment Growth

+6,700 Increase

Employment up 0.4% from Sept. to Oct.

+44,100 Increase

YTD employment up 2.9% through Oct.

% Companies Hiring (Denver Area)

19 % Decrease

Companies expecting to add workers decreased from 3Q 2015 to 4Q 2015

22 % Increase

YTD average up 1 percentage point compared with 2014

Unemployment Rate

3.1 % No change

Unemployment unchanged from Sept. to Oct.

3.9 % Decrease

Down from 2014 YTD average of 4.9%

Initial Unemployment Insurance Claims

24.1 % Increase

Claims increased from Sept. to Oct.

-6.6 % Decrease

YTD average claims decreased through Oct. 2015

Total Retail Sales

-15.8 % Decrease

Metro sales decreased from March to April

3.2 % Increase

YTD sales up through April 2015

Consumer Confidence Index

97.4 Decrease

Index down 5.6% from Oct. to Nov.

109.1 Increase

YTD average up 23.6% through Nov. 2015

Hotel Occupancy

79 % Decrease

Decreased 3.5 percentage points from Sept. to Oct.

78.9 % Increase

YTD occupancy up 0.3 percentage points from last year

DIA Passengers

-7.4 % Decrease

Passengers decreased from Aug. to Sept.

-0.5 % Decrease

YTD passengers decreased through Sept. 2015

Bloomberg Colorado Index

552.4 Decrease

Index down 0.9% from Oct. to Nov.

-8.1 % Decrease

YTD return through Nov. 2015

Dow Jones / Industrial Average

17,719.9 Increase

Index up 0.3% from Oct. to Nov.

-0.6 % Decrease

YTD return through Nov. 2015

Home Sales (Closed)

4,593 Decrease

Sales down 8.6% from Sept. to Oct.

46,366 Increase

YTD sales up 2.9% through Oct. 2015

Median Home Price (Denver-Aurora MSA)

$353,000 Decrease

Down 2.7% from 2Q 2015 to 3Q 2015

$351,300 Increase

YTD price 14.5% higher through 3Q 2015

Foreclosures

269 Increase

Up 0.7% from Sept. to Oct.

3,007 Decrease

Down 33.8% YTD through Oct. 2015

Residential Building Permits (Total)

1,831 Increase

Permits increased 21.8% from Aug. to Sept.

13,704 Increase

YTD permits up 7.1% through Sept. 2015

Apartment Vacancy Rate

5 % Increase

Vacancy increased 0.5 percentage points from 2Q 2015 to 3Q 2015

4.8 % Increase

YTD average up 0.2 percentage points from last year

Office Vacancy Rate (with Sublet)

10.3 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2015 to 3Q 2015

-0.8 percentage point Decrease

3Q 2015 vacancy rate down from 11.1% one year ago

Industrial Vacancy Rate (with Sublet)

3 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2015 to 3Q 2015

-0.9 percentage points Decrease

3Q 2015 vacancy rate down from 3.9% one year ago

Retail Space Vacancy Rate (with Sublet)

5.1 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2015 to 3Q 2015

-0.6 percentage points Decrease

3Q 2015 vacancy rate down from 5.7% one year ago

Economic Indicators December 2015 2015 YTD