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 2017 pdf Download Full Report PDF Download Snapshot

Monthly Economic Indicators

Metro Denver's not-seasonally adjusted unemployment rate reached its lowest level since 2000.

Consumer confidence in the Mountain Region was up 15.7 percent over-the-year and included positive increases in the Present Situation and Expectations indexes.

Denver International Airport recorded nearly 5.8 million passengers in July, marking the single busiest month ever at the airport.

Economic Indicators October 2017 Year-Over-Year 2017 YTD

Nonfarm Employment Growth

-900 Decrease

Employment down 0.1% from July to August

33,900 Increase

Employment up 2.1% from August 2016 to 2017

34,800 Increase

YTD employment up 2.2% through August

% Companies Hiring (Denver Area)

20 % Decrease

Companies expecting to add workers fell 10 percentage points from 3Q 2017 to 4Q 2017

20 % Decrease

Companies expecting to add workers fell 8 percentage points from 4Q 2016 to 4Q 2017

26 % Increase

YTD average up 1 percentage point compared with 2016

Unemployment Rate

2.1 % Decrease

Unemployment fell 0.3 percentage points between July and August

-0.9 percentage points Decrease

Unemployment rate down from August 2016 to 2017

2.5 % Decrease

Down from 2016 YTD average of 3.3%

Initial Unemployment Insurance Claims

-2.4 % Decrease

Claims decreased from July to August

-7.7 % Decrease

Claims decreased from August 2016 to 2017

-10.8 % Decrease

YTD average claims decreased through August 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

118.2 Decrease

Index down 2.3% from August to September

15.7 % Increase

Index up from September 2016 to 2017

126.9 Increase

YTD average up 26.4% through September 2017

Hotel Occupancy

85.9 % Decrease

Decreased 0.1 percentage points from July to August

-0.3 percentage points Decrease

Occupancy decreased from August 2016 to 2017

77.1 % No change

YTD occupancy unchanged from last year

DIA Passengers

3.3 % Increase

Passengers up from June to July

6.7 % Increase

Passengers up from July 2016 to 2017

7.3 % Increase

YTD passengers increased through July 2017

Bloomberg Colorado Index

507.9 Increase

Index up 1.3% from August to September

-2.2 % Decrease

Index down from September 2016 to 2017

-1.8 % Decrease

YTD return down through September 2017

Dow Jones / Industrial Average

22,405.1 Increase

Index up 2.1% from August to September

22.4 % Increase

Index up from September 2016 to 2017

13.4 % Increase

YTD return up through September 2017

Home Sales (Closed)

5,893 Increase

Sales up 3.9% from July to August

-3.7 % Decrease

Sales down from August 2016 to 2017

40,129 Increase

YTD sales up 0.4% through August 2017

Median Home Price (Denver-Aurora MSA)

$424,500 Increase

Up 7.2% from 1Q 2017 to 2Q 2017

7.6 % Increase

Price up from 2Q 2016 to 2Q 2017

$410,300 Increase

YTD price 7.5% higher through 2Q 2017

Foreclosures

277 Increase

Up 25.3% from July to August

2.2 % Increase

Up from August 2016 to 2017

2,021 Decrease

Down 7.9% YTD through August 2017

Residential Building Permits (Total)

2,243 Increase

Permits increased 35.4% from July to August

37.3 % Increase

Permits up from August 2016 to 2017

17,597 Increase

YTD permits up 29.1% through August 2017

Apartment Vacancy Rate

5 % Decrease

Vacancy decreased 0.7 percentage points from 1Q 2017 to 2Q 2017

-0.4 percentage points Decrease

Vacancy decreased from 2Q 2016 to 2Q 2017

5.4 % Decrease

YTD average down 0.4 percentage points from last year

Office Vacancy Rate (with Sublet)

10.8 % Decrease

Vacancy rate down 0.1 percentage points from 2Q 2017 to 3Q 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)

4.7 % Increase

Vacancy rate up 0.2 percentage points from 2Q 2017 to 3Q 2017

+0.9 percentage points Increase

3Q 2017 vacancy up from 3.8% one year ago

+0.9 percentage points Increase

3Q 2017 vacancy up from 3.8% one year ago

Retail Space Vacancy Rate (with Sublet)

5 % No change

Vacancy rate unchanged from 2Q 2017 to 3Q 2017

+0.1 percentage points Increase

3Q 2017 vacancy rate up from 4.9% one year ago

+0.1 percentage points Increase

3Q 2017 vacancy rate up from 4.9% one year ago

Economic Indicators October 2017 Year-Over-Year 2017 YTD