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 2018 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

U.S. News & World Report ranked Colorado No. 1 for economy, due to high grades for growth, employment, and business environment. The state ranked 10th overall. 

Existing home sales in Metro Denver decreased 21.6 percent over-the-month to 3,294 homes sold and decreased 6.8 percent between January 2017 and 2018. 

Metro Denver's industrial market continued its positive net absorption streak for the 31st consecutive quarter.

Economic Indicators March 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

12.3 % Increase

National sales increased from November to December

3.7 % Increase

National sales increased from December 2016 to 2017

4.2 % Increase

YTD sales rose through December 2017

Consumer Confidence Index

136.4 Increase

Index up 11.8 percent from January to February

8.3 % Increase

Index up from February 2017 to 2018

129.2 Increase

YTD average up 2.6% through February 2018

Hotel Occupancy

61.2 % Increase

Increased 6.8 percentage points from December to January

-0.9 percentage points Decrease

Occupancy decreased from January 2017 to 2018

61.2 % Decrease

YTD occupancy decreased 0.9 percentage points from last year

DIA Passengers

0.8 % Increase

Passengers up from November to December

2.6 % Increase

Passengers up from December 2016 to 2017

5.3 % Increase

YTD passengers increased through December 2017

Bloomberg Colorado Index

475.9 Decrease

Index down 6.8% from January to February

-11.4 % Decrease

Index down from February 2017 to 2018

-4.4 % Decrease

YTD return down through February 2018

Dow Jones / Industrial Average

25,029.2 Decrease

Index down 4.3% from January to February

20.3 % Increase

Index up from February 2017 to 2018

0.8 % Increase

YTD return up through February 2018

Home Sales (Closed)

3,294 Decrease

Sales down 21.6% from December to January

-6.8 % Decrease

Sales down from January 2017 to 2018

3,294 Decrease

YTD sales down 6.8% through January 2018

Median Home Price (Denver-Aurora MSA)

$414,400 Decrease

Down 0.9% from 3Q 2017 to 4Q 2017

8.6 % Increase

Price up from 4Q 2016 to 4Q 2017

$414,700 Increase

YTD price 7.9% higher through 4Q 2017

Foreclosures

235 Increase

Up 3.1% from December to January

1.7 % Increase

Up from January 2017 to 2018

235 Increase

Up 1.7% YTD through January 2018

Residential Building Permits (Total)

2,415 Increase

Permits increased 86.6% from December to January

56.7 % Increase

Permits up January 2017 to 2018

2,415 Increase

YTD permits up 56.7% through January 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 March 2018 Year-Over-Year YTD