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.

February 2014 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

 

Economic Indicators February 2014 2014 YTD

Nonfarm Employment Growth

-500 Decrease

EEmployment decreased from Nov. to Dec.

+37,400 Increase

YYTD employment up 2.6% through Dec.

% Companies Hiring (Denver Area)

18 % Increase

C Companies expecting to add workers increased from Q4 2013 to Q1 2014

18 % Decrease

YTD average down 5 percentage points compared with Q1 2013

Unemployment Rate

5.6 % Decrease

Metro rate decreased 0.2 percentage points from Nov. to Dec

6.5 % Decrease

Down from 2012 YTD avg of 7.7%

Initial Unemployment Insurance Claims

9.2 % Increase

Claims increased from Nov. to Dec.

-0.1 % Decrease

YTD average claims decreased 0.1% through Dec. 2013

Total Retail Sales

-10.3 % Decrease

Metro sales decreased from Sep. to Oct.

3.6 % Increase

YTD sales up through Oct. 2013

Consumer Confidence Index

73.5 Decrease

Index down 12.4% from Dec. to Jan.

73.5 Increase

YTD average up 25.6% through Jan. 2014

Hotel Occupancy

54 % Decrease

Decreased 8.6 percentage points from Nov. to Dec.

70.8 % Increase

YTD occupancy up 4.1%

DIA Passengers

12 % Increase

Passengers increased from Nov. to Dec.

-1.1 % Decrease

YTD passengers decreased through Dec. 2013

Bloomberg Colorado Index

610.6 Increase

Index up 1.7% from Nov. to Dec.

30.6 % Increase

YTD return through Dec.

Dow Jones / Industrial Average

16,576.7 Increase

Index up 3% from Nov. to Dec.

26.5 % Increase

YTD return through Dec.

Home Sales (Closed)

3,362 Decrease

Sales down 26.2% from Oct. to Nov.

49,120 Increase

YTD sales up 17.3% through Nov.

Median Home Price (Denver-Aurora MSA)

$286,900 Increase

Up 0.1% from Q2 to Q3 2013

$278,200 Increase

YTD price 11.7% higher through Q3 2013

Foreclosures

472 Decrease

Down 11.9% from Sept. to Oct.

6,679 Decrease

Down 49.3% YTD through Oct.

Residential Building Permits (Total)

1,044 Increase

Permits increased 18.5% from Nov. to Dec.

12,235 Increase

YTD permits up 27% through Dec. 2013

Apartment Vacancy Rate

4.4 % Increase

Vacancy increased 0.2 percentage points from Q2 to Q3 2013

4.4 % Decrease

YTD average down 0.3 percentage points through Q3 2013

Office Vacancy Rate (with Sublet)

11.6 % Decrease

Vacancy rate down 0.1 percentage point from Q3 to Q4 2013

-0.8 percentage points Decrease

Q4 2013 vacancy rate down from 12.4% one year ago

Industrial Vacancy Rate (with Sublet)

4 % Decrease

Vacancy rate down 0.4 percentage point from Q3 to Q4 2013

-1.6 percentage points Decrease

Q4 2013 vacancy rate down from 5.6% one year ago

Retail Space Vacancy Rate (with Sublet)

6.4 % Decrease

Vacancy rate down 0.1 percentage point from Q3 to Q4 2013

-0.5 percentage points Decrease

Q4 2013 vacancy rate down from 6.9% one year ago

Economic Indicators February 2014 2014 YTD