Metro Denver ● ● Climate ● Cost of Living ● Culture ● Education ● Getting Around ● Healthcare ● Housing ● Public Safety ● Recreation & Activities ● Relocation ● ● Companies ● Higher Education ● Industries ● Metro Denver Jobs ● ● Business Support ● Communities ● Innovation ● International Trade ● Labor Status ● Legislation ● Real Estate Market ● Regionalism ● Taxes & Incentives ● Transportation & Infrastructure ● Workforce ● ● Become an Investor ● Benefits of Investing ● Coalitions ● ● Economic Overview ● Monthly Economic Indicators ● Toward a More Competitive Colorado ● Industry Cluster Studies ● Economic Forecasts for Metro Denver ● Demographics ● Data Central ● ● Blog ● Contact Us ● Initiatives ● News & Deals ● Partners ● Programs & Services ● Staff

Monthly Economic Indicators

The comprehensive Monthly Economic Indicator report is emailed monthly to EDC Investors. If you'd like to access the most recent full report, please email us at meredith.moon@metrodenver.org. May 2023 MEI Snapshot 2.6% The unemployment rate in Metro Denver fell 0.5 percentage points from February to March -74.2% Initial unemployment claims in the first quarter of 2023 fell compared to the same quarter in 2022 5.7% Inflation in the Metro Denver region fell 0.7 percentage points from February to March Full Indicator Reports

March 2024 Download Snapshot Nonfarm Employment Growth Current Month Employment was down 0.2% from November to December -3,200 Year-Over-Year Employment down 0.5% from December 2022 to 2023 -9,300 YTD YTD employment up 0.5% through December 9,400 Unemployment Rate Current Month Unemployment rose 0.1 percentage points from November to December 3.3% Year-Over-Year Unemployment up from December 2022 to 2023 0.8 percentage points YTD Unemployment rate up 0.2% from 2022 YTD average 3.1% Initial Unemployment Insurance Claims Current Month Claims decreased from August to September -4.9% Year-Over-Year Claims increased from September 2022 to 2023 37.7% YTD YTD average claims increased through September 2023 27.9% Total Retail Sales Current Month National sales increased from November to December 8.1% Year-Over-Year National sales increased from December 2022 to 2023 3.7% YTD YTD sales increased through December 2023 3.2% Mountain Region Consumer Confidence Index Current Month Index down 2.7$ from January to February 118.8 Year-Over-Year Index up from February 2023 to 2024 12.4% YTD YTD average up 12.3% through February 2024 120.5 Hotel Occupancy Current Decreased 10 percentage points from November to December 49.0% Year-Over-Year Occupancy decreased from December 2022 to 2023 -3.1 percentage points YTD YTD occupancy up from last year 69.5% Denver International Airport Passengers Current Month Passengers up from November to December 2.3% Year-Over-Year Passengers up from December 2022 to 2023 15.2% YTD YTD passengers increased through December2023 12.3% Bloomberg Colorado Index Current Month Index up 9.1 percent from January to February 909.8 Year-Over-Year Index up from February 2023 to 2024 31.9% YTD YTD return up through February 2024 11.3% Dow Jones Industrial Average Current Month Index up 2.2% from January to February 38,996.4 Year-Over-Year Index up from February 2023 to 2024 19.5% YTD YTD return up through February 2024 3.4% Home Sales Home Sales (closed) Sales down 25.1% from December to January 2,051 Year-Over-Year Sales down from January 2023 to 2024 -6.3% YTD YTD sales down 6.3% from last year 2,051 Median Home Price (Denver-Aurora MSA) Current Month Down 3.1% from 3Q 2023 to 4Q 2023 $652,300 Year-Over-Year Prices are up from 4Q 2022 to 4Q 2023 1.9% YTD YTD price 1.4% lower through 4Q 2023 $661,000 Foreclosures Current Month Down 7.9% from January to February 197 Year-Over-Year Down from February 2023 to 2024 -2.0% YTD Down 0.7% YTD through February 2024 411 Residential Building Permits (Total) Current Month Permits decreased 59.2% from December to January 1,201 Year-Over-Year Permits down January 2023 to 2024 -41.4% YTD YTD permits down 41.4% through January 2024 1,201 Apartment Vacancy Rate Current Month Vacancy increased from 3Q 2023 to 4Q 2023 5.8% Year-Over-Year Vacancy increased from 4Q 2022 to 4Q 2023 +0.6 percentage points YTD YTD average up 0.7 percentage points from last year 5.6% Office Vacancy Rate (with Sublet) Current Month Vacancy rate increased 0.1 percent from 3Q 2023 to 4Q 2023 15.7% Year-Over-Year Q4 2023 vacancy up from 14.2% one year ago +1.4 percentage points YTD Q4 2023 vacancy up from 14.2% one year ago +1.4 percentage points Industrial Vacancy Rate (with Sublet) Current Month Vacancy rate increased 1.1 percentage points from Q4 2023 to Q4 2023 7.7% Year-Over-Year 4Q 2023 vacancy up from 5.7% one year ago +2.0 percentage points YTD Q4 2023 vacancy up from 5.5% one year ago +2.0 percentage points Retail Space Vacancy Rate (with Sublet) Current Month Vacancy rate was unchanged points from Q3 2023 to Q4 2023 4.1% Year-Over-Year Q3 2023 vacancy down from 4.0% one year ago 0.1 percentage points YTD Q4 2023 vacancy down from 4.0% one year ago 0.1 percentage points

● Facebook ● Instagram ● LinkedIn ● Twitter ● Live Here ● Climate ● Cost of Living ● Culture ● Education ● Getting Around ● Healthcare ● Housing ● Public Safety ● Recreation & Activities ● Relocation ● Work Here ● Companies ● Higher Education ● Industries ● Metro Denver Jobs ● Do Business Here ● Business Support ● Communities ● Innovation ● International Trade ● Labor Status ● Legislation ● Real Estate Market ● Regionalism ● Taxes & Incentives ● Transportation & Infrastructure ● Workforce ● Invest in the Region ● Become an Investor ● Benefits of Investing ● Coalitions ● Regional Data ● Economic Overview ● Monthly Economic Indicators ● Toward a More Competitive Colorado ● Industry Cluster Studies ● Economic Forecasts for Metro Denver ● Demographics ● Data Central ● About ● Blog ● Contact Us ● Initiatives ● News & Deals ● Partners ● Programs & Services ● Staff

Monthly Economic Indicators

social

Main navigation