Economic Indicators for March 2021
March's Monthly Economic Indicators put out by the Denver EDC shows a deterioration of Colorado's employment figures during the last quarter of 2020. While they are carefully evaluating the situation, it is well known that business closures and restrictions are affecting particular jobs in certain industries more significantly than in others. While median to higher income employees have experienced only a small change in employment, our lowest wage workers – particularly those in restaurant, hospitality, and tourism – were significantly impacted going into year-end. As vaccinations are administered around the country C-suite executives are beginning to plan for an exit from the most stringent lockdowns. When considering the previous economic indicators reports, the Denver EDC believes that Colorado is well positioned for post-Covid employment growth.
The Consumer Confidence Index for the Mountain Region decreased 39.4 percent over-the-year to 86.6 in February 2021.
Annual total retail sales in Metro Denver increased 0.1 percent from 2019 to 2020 compared with a 1.9 percent increase in Colorado.
Home sales in Metro Denver totaled 3,276 in January, down 0.5 percent from the same time last year. Unsold homes on the market were 53.1 percent lower from January 2020 to January 2021.
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