September regional economic indicators

This update is for the NWCCOG region which includes the counties of Eagle, Grand, Jackson, Pitkin and Summmit. It is based on the most recent data sources available, including data recently released from the Bureau of Labor Statistics, Quarterly Census of Employment and Wages, Q1 2017. The full report can be found here and on the NWCCOG EDD website here.

Here are some highlights:

  • Jobs: +1.6%
  • # Establishments: +0.7%
  • Estimated # of Sole Proprietor Jobs: 17,535 (22% of total jobs)
  • Unemployment rate: 1.9%
  • Job growth in key industries: Construction (+5.0%); Healthcare (+5.5%); Accommodations & Food Services (+0.7%)
  • Average Annual Wage for the Region: $39,957
  • Wage growth: +7.5%
  • Real Estate: Average price per square foot for residential: ranges from $140.40 in Jackson County to $1,018 in Pitkin County
  • Average increase in residential real estate: +25.6%