info@yeslpc.com • 970-259-1700

Economic Dashboard April 2017


How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

April 2017

Economic conditions in La Plata County from April 2013 to 2017.

 

Summary
Improved (+) 9
No Change (o) 4
Declined (-) 8
Improved (Declined) 1
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,029 30,721 29,915 +
  Unemployment Rate (%) 2.0 2.2 3.2 +
  Labor Force Participation (%) 54.8 54.3 53.8 o
  Job Openings 1,863 1,807 2,519
Average Wage, Openings ($to Date) 36,473 36,315 33,655 +
8
Construction & Housing
  New Permits (to Date) 51 32 65
  Value of Permits ($,000) (to Date) 25,818 13,585 28,882
  Home Sales 219 158 160 +
  Average Home Price ($) 432,425 415,063 418,695 +
  Earnings Needed* ($) 70,100 68,600 64,200
8
Travel & Tourism
  Enplanements 12,370 15,901 12,105 +
  Lodgers Tax ($) 55,983 38,893 53,222 +
  Train Visitors 4,049 4,397 3,804 +
8
Gas & Oil
  New Permits (to date) 47 2 34 +
  Production (mmcf) 24,614 23,934 25,563
8
Other
Sales Tax, Durango ($,000)** 1,287 1,068 1,317
Commercial Sales ($,000) (to date) 7,040 3,950 16,810
Foreclosures (to date) 22 19 20
  Energy Use
     Large Industry (mwh) 30,816 31,926 31,090 o
     Other Commercial (mwh) 19,996 20,792 19,848 o
     Commercial Accounts 6,420 6,368 6,391 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)

image_print