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 2018 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

Unemployment insurance claims decreased in Metro Denver, falling 16.3 percent over-the-year. The average number of claims year-to-date is the lowest on record.

Denver International Airport reported nearly 5.3 million passengers passed through the airport in October, increasing 3.6 percent from September.

The average sales price for single-family homes increased 7.9 percent over-the-year to $465,569, while the average sales price of condominiums ($282,950) increased 8.6 percent during the same period. 

Economic Indicators January 2018 Year-Over-Year YTD

Nonfarm Employment Growth

4,300 Increase

Employment up 0.3% from October to November

27,900 Increase

Employment up 1.7% from November 2016 to 2017

31,900 Increase

YTD employment up 2% through November

% 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

2.8 % Increase

Unemployment rose 0.2 points between October and November

0.2 percentage points Increase

Unemployment rate up from November 2016 to 2017

2.5 % Decrease

Down from 2016 YTD average of 3.1%

Initial Unemployment Insurance Claims

25.1 % Increase

Claims increased from October to November

-16.3 % Decrease

Claims decreased from November 2016 to 2017

-11.6 % Decrease

YTD average claims decreased through November 2017

Total Retail Sales

1.3 % Increase

National sales increased from September to October

4.9 % Increase

National sales increased from October 2016 to 2017

4 % Increase

YTD sales rose through October 2017

Consumer Confidence Index

116.8 Decrease

Index down 20.4 percent from November to December

-1.6 % Decrease

Index down from December 2016 to 2017

129.3 Increase

YTD average up 25.1% through December 2017

Hotel Occupancy

64.9 % Decrease

Decreased 15 percentage points from October to November

0.3 percentage points Increase

Occupancy increased from November 2016 to 2017

76.9 % Increase

YTD occupancy increased from last year

DIA Passengers

3.6 % Increase

Passengers up from September to October

1.1 % Increase

Passengers up from October 2016 to 2017

5.7 % Increase

YTD passengers increased through October 2017

Bloomberg Colorado Index

497.6 Increase

Index up 0.3% from November to December

-3.7 % Decrease

Index down from December 2016 to 2017

-3.7 % Decrease

YTD return down through December 2017

Dow Jones / Industrial Average

24,837.5 Increase

Index up 2.3% from November to December

25.7 % Increase

Index up from December 2016 to 2017

25.7 % Increase

YTD return up through December 2017

Home Sales (Closed)

4,664 Decrease

Sales down 8.7% from October to November

-1.9 % Decrease

Sales down from November 2016 to 2017

54,796 Decrease

YTD sales down 0.9% through November 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

231 Decrease

Down 4.1% from October to November

-8 % Decrease

Down from November 2016 to 2017

2,703 Decrease

Down 7.9% YTD through November 2017

Residential Building Permits (Total)

2,002 Increase

Permits increased 36.4% from October to November

-13.6 % Decrease

Permits down from November 2016 to 2017

22,301 Increase

YTD permits up 6.3% through November 2017

Apartment Vacancy Rate

5.4 % Increase

Vacancy increased 0.4 percentage points from 2Q 2017 to 3Q 2017

0.3 percentage points Increase

Vacancy increased from 3Q 2016 to 3Q 2017

5.4 % 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 January 2018 Year-Over-Year YTD