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.

June 2017 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

Colorado's seasonally adjusted unemployment rate of 2.3 percent is the lowest in the nation for the second straight month.

Denver International Airport reached a new March passenger record and recorded the third-largest over-the-month increase (23.5 percent) in the airports history.

Residential building permits in April 2017 recorded the second highest count since the data series began in 2013.

Economic Indicators June 2017 Year-Over-Year 2017 YTD

Nonfarm Employment Growth

13,900 Increase

Employment up 0.9% from Mar. to Apr.

33,300 Increase

Employment up 2.1% from Apr. 2016 to 2017

34,100 Increase

YTD employment up 2.1% through Apr.

% Companies Hiring (Denver Area)

27 % Increase

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

27 % Increase

Companies expecting to add workers rose 4 percentage points from 2Q 2016 to 2Q 2017

26 % Increase

YTD average up 3 percentage points compared with 2016

Unemployment Rate

2.1 % Decrease

Unemployment fell 0.3 percentage points between Mar. and Apr.

-1.2 percentage points Decrease

Unemployment rate down from Apr. 2016 to 2017

2.7 % Decrease

Down from 2016 YTD average of 3.5%

Initial Unemployment Insurance Claims

15.1 % Increase

Claims increased from Mar. to Apr.

-16.4 % Decrease

Claims decreased from Apr. 2016 to 2017

-13.2 % Decrease

YTD average claims decreased through Apr. 2017

Total Retail Sales

-1.1 % Decrease

Metro sales decreased from Jan. to Feb.

1.3 % Increase

Metro sales up from Feb. 2015 to 2016

-2.8 % Decrease

YTD sales down through Feb. 2016

Consumer Confidence Index

125.4 Decrease

Index down 11.5% from to Apr. to May

8.3 % Increase

Index up from May 2016 to 2017

128.3 Increase

YTD average up 30.2% through May 2017

Hotel Occupancy

71.3 % Decrease

Decreased 2.9 percentage points from Mar. to Apr.

-2.9 percentage points Decrease

Occupancy decreased from Apr. 2016 to 2017

68.1 % Decrease

YTD occupancy down from last year

DIA Passengers

23.5 % Increase

Passengers up from Feb. to Mar.

10.7 % Increase

Passengers up from Mar. 2016 to 2017

6 % Increase

YTD passengers increased through Mar. 2017

Bloomberg Colorado Index

552.7 Decrease

Index down 0.6% from to Apr. to May

8.3 % Increase

Index up from May. 2016 to 2017

6.9 % Increase

YTD return through May 2017

Dow Jones / Industrial Average

21,008.7 Increase

Index up 0.3% from Apr. to May

18.1 % Increase

Index up from May 2016 to 2017

6.3 % Increase

YTD return through May 2017

Home Sales (Closed)

4,853 Increase

Sales up 2.7% from Mar. to Apr.

-1.2 % Decrease

Sales down from Apr. 2016 to 2017

16,291 Increase

YTD sales up 1% through Apr. 2017

Median Home Price (Denver-Aurora MSA)

$396,100 Increase

Up 3.8% from 4Q 2016 to 1Q 2017

7.3 % Increase

Price up from 1Q 2016 to 1Q 2017

$396,100 Increase

YTD price 3.1% higher through 1Q 2017

Foreclosures

240 Decrease

Down 15.8% from Mar. to Apr.

-10.4 % Decrease

Down from Apr. 2016 to 2017

995 Decrease

Down 19.8% YTD through Apr. 2017

Residential Building Permits (Total)

2,657 Increase

Permits increased 16% from Mar. to Apr.

26.6 % Increase

Permits up from Apr. 2016 to 2017

8,723 Increase

YTD permits up 27.8% through Apr. 2017

Apartment Vacancy Rate

5.7 % Decrease

Vacancy decreased 0.5 percentage points from 4Q 2016 to 1Q 2017

-0.4 percentage points Decrease

Vacancy decreased from 1Q 2016 to 1Q 2017

5.7 % Decrease

YTD average down 0.4 percentage points from last year

Office Vacancy Rate (with Sublet)

10.6 % Increase

Vacancy rate up 0.5 percentage points from 4Q 2016 to 1Q 2017

+0.7 percentage points Increase

Vacancy rate up from 9.9% one year ago

+0.7 percentage points Increase

Vacancy rate up from 1Q 2016 to 1Q 2017

Industrial Vacancy Rate (with Sublet)

4.3 % Increase

Vacancy rate up 0.2 percentage points from 4Q 2016 to 1Q 2017

+0.9 percentage points Increase

1Q 2017 vacancy up from 3.4% one year ago

+0.9 percentage points Increase

1Q 2017 vacancy up from 3.4% one year ago

Retail Space Vacancy Rate (with Sublet)

4.7 % No change

Vacancy rate unchanged from 4Q 2016 to 1Q 2017

-0.3 percentage points Decrease

1Q 2017 vacancy rate down from 5.0% one year ago

-0.3 percentage points Decrease

1Q 2017 vacancy rate down from 5.0% one year ago

Economic Indicators June 2017 Year-Over-Year 2017 YTD