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.

January 2014 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

 

Economic Indicators January 2014 2014 YTD

Nonfarm Employment Growth

+1,800 Increase

Employment up 0.1% from Oct. to Nov.

+37,800 Increase

YTD employment up 2.7% through Nov.

% Companies Hiring (Denver Area)

18 % Increase

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

5.7 % Decrease

Metro rate decreased 0.2 percentage points from Oct. to Nov.

6.6 % Decrease

Down from 2012 YTD avg. of 7.8%

Initial Unemployment Insurance Claims

23 % Increase

Claims increased from Oct. to Nov.

-0.5 % Decrease

YTD average claims decreased through Nov.

Total Retail Sales

8 % Increase

Metro sales increased from Aug. to Sept.

3.6 % Increase

YTD sales up through Sept.

Consumer Confidence Index

85.6 Increase

Index up 18.7% from Nov. to Dec.

74.7 Increase

YTD average up 8.7% through Dec.

Hotel Occupancy

63 % Decrease

Decreased 12.1 percentage points from Oct. to Nov.

72.3 % Increase

YTD occupancy up 2.8 percentage points

DIA Passengers

3 % Increase

Passengers increased from Sept. to Oct.

-1.5 % Decrease

YTD passengers decreased through Oct.

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)

881 Decrease

Permits decreased 25.9% from Oct. to Nov.

11,191 Increase

YTD permits up 36.6% through Nov.

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 January 2014 2014 YTD