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.

October 2015 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

The unemployment rate throughout the Metro Denver area continued to improve through August, decreasing 0.2 percentage points to 3.6 percent compared with July. Six of the seven Metro Denver counties reported unemployment rates below 4 percent in August.

Residential building permits for the Metro Denver area increased in August compared with the prior year. Metro Denver reported a 29.1 percent increase in total permits issued between August 2014 and 2015, with 350 additional permits issued.

The commercial real estate market reported continued improvement between the third quarters of 2014 and 2015. All four commercial property types recorded declining vacancy rates over-the-year. 

Economic Indicators October 2015 2015 YTD

Nonfarm Employment Growth

+1,900 Increase

Employment up 0.1% from July to Aug.

+46,500 Increase

YTD employment up 3.1% through Aug.

% Companies Hiring (Denver Area)

19 % Decrease

Companies expecting to add workers decreased from 3Q 2015 to 4Q 2015

22 % Increase

YTD average up 1 percentage point compared with 2014

Unemployment Rate

3.6 % Decrease

Unemployment down 0.2 percentage points from July to Aug.

4.1 % Decrease

Down from 2014 YTD average of 5.2%

Initial Unemployment Insurance Claims

2.4 % Increase

Claims increased from July to Aug.

-8.5 % Decrease

YTD average claims decreased through Aug. 2015

Total Retail Sales

-15.5 % Decrease

Metro sales decreased from March to April

3.1 % Increase

YTD sales up through April 2015

Consumer Confidence Index

115.9 Decrease

Index down 6.8% from Aug. to Sept.

111.5 Increase

YTD average up 26.1% through Sept. 2015

Hotel Occupancy

85.3 % Decrease

Decreased 3.8 percentage points from July to Aug.

78.4 % Increase

YTD occupancy up 0.7 percentage points from last year

DIA Passengers

4.5 % Increase

Passengers increased from June to July

-0.7 % Decrease

YTD passengers decreased through July 2015

Bloomberg Colorado Index

555.3 Decrease

Index down 3.0% from Aug. to Sept.

-7.6 % Decrease

YTD return through Sept. 2015

Dow Jones / Industrial Average

16,284.7 Decrease

Index down 1.5% from Aug. to Sept.

-8.7 % Decrease

YTD return through Sept. 2015

Home Sales (Closed)

5,211 Decrease

Sales down 11.6% from July to Aug.

36,619 Increase

YTD sales up 3.1% through Aug. 2015

Median Home Price (Denver-Aurora MSA)

$362,900 Increase

Up 7.3% from 1Q 2015 to 2Q 2015

$350,500 Increase

YTD price 15.9% higher through 2Q 2015

Foreclosures

283 Decrease

Down 16.8% from July to Aug.

2,471 Decrease

Down 34.5% YTD through Aug. 2015

Residential Building Permits (Total)

1,553 Increase

Permits increased 4.4% from July to Aug.

11,923 Increase

YTD permits up 6.0% through Aug. 2015

Apartment Vacancy Rate

4.5 % Decrease

Vacancy decreased 0.4 percentage points from 1Q 2015 to 2Q 2015

4.7 % Decrease

YTD average down 0.2 percentage points from last year

Office Vacancy Rate (with Sublet)

10.3 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2015 to 3Q 2015

-0.8 percentage point Decrease

3Q 2015 vacancy rate down from 11.1% one year ago

Industrial Vacancy Rate (with Sublet)

3 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2015 to 3Q 2015

-0.9 percentage points Decrease

3Q 2015 vacancy rate down from 3.9% one year ago

Retail Space Vacancy Rate (with Sublet)

5.1 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2015 to 3Q 2015

-0.6 percentage points Decrease

3Q 2015 vacancy rate down from 5.7% one year ago

Economic Indicators October 2015 2015 YTD