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Economic Dashboard June 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

June 2017

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

 

Summary
Improved (+) 11
No Change (o) 3
Declined (-) 7
Improved (Declined) 4
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 32,619 32,122 30,821 +
  Unemployment Rate (%) 2.2 2.1 3.6 +
  Labor Force Participation (%) 57.5 56.7 55.2 +
  Job Openings 1,729 2,039 2,271
Average Wage, Openings ($to Date) 35,604 35,682 32,374 +
8
Construction & Housing
  New Permits (to Date) 116 75 110 +
  Value of Permits ($,000) (to Date) 62,366 37,528 54,064 +
  Home Sales 399 310 324 +
  Average Home Price ($) 428,348 426,928 414,111 +
  Earnings Needed* ($) 67,800 68,400 63,100
8
Travel & Tourism
  Enplanements 16,896 14,651 17,045 o
  Lodgers Tax ($) 91,575 53,479 79,897 +
  Train Visitors 27,467 12,536 25,836 +
8
Gas & Oil
  New Permits (to date) 56 55 63
  Production (mmcf) 23,794 24,766 24,681
8
Other
Sales Tax, Durango ($,000)** 1,350 1,158 1,255 +
Commercial Sales ($,000) (to date) 17,298 16,723 22,859
Foreclosures (to date) 34 29 27
  Energy Use
     Large Industry (mwh) 31,708 33,069 32,992
     Other Commercial (mwh) 21,554 20,332 21,250 o
     Commercial Accounts 6,426 6,425 6,404 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)

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