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 2018 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

Metro Denver recorded a 10.2 percent decrease in foreclosures in December over the prior month and an 18.6 percent decrease over the year-ago level. 

Employment in Metro Denver rose 2.1 percent between December 2016 and 2017, or an additional 34,100 jobs during the period. 

The average rent for apartments decreased while vacancy rates rose to their highest level in seven years for the fourth quarter of 2017 as thousands of new apartments became available in the metro area. 

Economic Indicators February 2018 Year-Over-Year YTD

Nonfarm Employment Growth

4,200 Increase

Employment up 0.3% from November to December

34,100 Increase

Employment up 2.1% from December 2016 to 2017

32,200 Increase

YTD employment up 2% through December

% Companies Hiring (Denver Area)

23 % Increase

Companies expecting to add workers rose 3 percentage points from 4Q 2017 to 1Q 2018

23 % Decrease

Companies expecting to add workers fell 2 percentage points from 1Q 2017 to 1Q 2018

23 % Decrease

YTD average down 2 percentage points compared with 2017

Unemployment Rate

2.9 % Increase

Unemployment rose 0.1 points between November and December

0.4 percentage points Increase

Unemployment rate up from December 2016 to 2017

2.5 % Decrease

Down 0.6 percentage points from 2016 YTD average

Initial Unemployment Insurance Claims

13.7 % Increase

Claims increased from November to December

-5.9 % Decrease

Claims decreased from December 2016 to 2017

-11 % Decrease

YTD average claims decreased through December 2017

Total Retail Sales

4.9 % Increase

National sales increased from October to November

6.6 % Increase

National sales increased from November 2016 to 2017

4.2 % Increase

YTD sales rose through November 2017

Consumer Confidence Index

126.8 Increase

Index up 0.4 percent from December to January

0.7 % Increase

Index up from January 2017 to 2018

126.8 Increase

YTD average up 0.7% through January 2018

Hotel Occupancy

54.4 % Decrease

Decreased 10.5 percentage points from November to December

-1.5 percentage points Decrease

Occupancy decreased from December 2016 to 2017

74.9 % Decrease

YTD occupancy decreased from last year

DIA Passengers

-7 % Decrease

Passengers down from October to November

4.6 % Increase

Passengers up from November 2016 to 2017

5.6 % Increase

YTD passengers increased through November 2017

Bloomberg Colorado Index

510.4 Increase

Index up 2.6% from December to January

-4.2 % Decrease

Index down from January 2016 to 2017

2.6 % Increase

YTD return up through January 2018

Dow Jones / Industrial Average

26,149.4 Increase

Index up 5.3% from December to January

31.6 % Increase

Index up from January 2017 to 2018

5.3 % Increase

YTD return up through January 2018

Home Sales (Closed)

4,203 Decrease

Sales down 9.9% from November to December

-13.6 % Decrease

Sales down from December 2016 to 2017

58,999 Decrease

YTD sales down 1.9% through December 2017

Median Home Price (Denver-Aurora MSA)

$418,100 Decrease

Down 1.5% from 2Q 2017 to 3Q 2017

8.1 % Increase

Price up from 3Q 2016 to 3Q 2017

$412,900 Increase

YTD price 7.7% higher through 3Q 2017

Foreclosures

228 Decrease

Down 10.2% from November to December

-18.6 % Decrease

Down from December 2016 to 2017

2,981 Decrease

Down 7.2% YTD through December 2017

Residential Building Permits (Total)

1,294 Decrease

Permits decreased 39.1% from November to December

-30.1 % Decrease

Permits down from December 2016 to 2017

23,719 Increase

YTD permits up 3.9% through December 2017

Apartment Vacancy Rate

6.4 % Increase

Vacancy increased 1 percentage point from 3Q 2017 to 4Q 2017

0.2 percentage points Increase

Vacancy increased from 4Q 2016 to 4Q 2017

5.6 % Decrease

YTD average down 0.1 percentage points from last year

Office Vacancy Rate (with Sublet)

10.8 % No change

Vacancy rate unchanged from 3Q 2017 to 4Q 2017

+0.8 percentage points Increase

Vacancy rate up from 10% one year ago

+0.8 percentage points Increase

Vacancy rate up from 10% one year ago

Industrial Vacancy Rate (with Sublet)

4 % No change

Vacancy rate unchanged from 3Q 2017 to 4Q 2017

+0.6 percentage points Increase

4Q 2017 vacancy up from 3.4% one year ago

+0.6 percentage points Increase

4Q 2017 vacancy up from 3.4% one year ago

Retail Space Vacancy Rate (with Sublet)

4.5 % Decrease

Vacancy rate down 0.4 percentage points from 3Q 2017 to 4Q 2017

-0.2 percentage points Decrease

4Q 2017 vacancy rate down from 4.7% one year ago

-0.2 percentage points Decrease

4Q 2017 vacancy rate down from 4.7% one year ago

Economic Indicators February 2018 Year-Over-Year YTD