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.

March 2014 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

 

Economic Indicators March 2014 2014 YTD

Nonfarm Employment Growth

-500 Decrease

Employment decreased from Nov. to Dec.

+37,400 Increase

YTD employment up 2.6% through Dec.

% 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

5.6 % 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

-4 % Decrease

Metro sales decreased from Oct. to Nov.

3.8 % Increase

YTD sales up through Nov. 2013

Consumer Confidence Index

72.6 Decrease

Index down 3.8% from Jan. to Feb.

74 Increase

YTD average up 20.3% through Feb. 2014

Hotel Occupancy

66.4 % Increase

Decreased 12 percentage points from Dec. to Jan.

66.4 % Increase

YTD occupancy up 13.9%

DIA Passengers

-10.2 % Decrease

Passengers decreased from Dec. to Jan.

0.8 % Increase

YTD passengers increased through Jan. 2014

Bloomberg Colorado Index

628 Increase

Index up 4.4% from Jan. to Feb.

+2.9 % Increase

YTD Return through Feb. 2014

Dow Jones / Industrial Average

16,321.7 Increase

Index increased 11.7% from Jan. to Feb.

-1.5 % Decrease

YTD Return through Feb. 2014

Home Sales (Closed)

2,513 Decrease

Sales down 29.2% from Dec. to Jan.

2,513 Decrease

YTD sales down 4.3% through Jan. 2014

Median Home Price (Denver-Aurora MSA)

$279,300 Decrease

Down 2.6% from Q3 to Q4 2013

$280,600 Increase

YTD price 11.2% higher through Q4 2013

Foreclosures

532 Increase

Up 11.1% from Dec. to Jan.

532 Decrease

Down 41.9% YTD through Jan. 2014

Residential Building Permits (Total)

927 Decrease

Permits decreased 7.2% from Dec. to Jan.

927 Increase

YTD permits up 9.7% through Jan. 2014

Apartment Vacancy Rate

5.2 % Increase

Vacancy increased 0.8 percentage points from Q3 to Q4 2013

4.6 % Decrease

YTD average down 0.1 percentage point through Q4 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 March 2014 2014 YTD