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Economic Dashboard September 2016


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

September 2016
Economic conditions in La Plata County, September 2012 to September 2016.

Economic conditions in La Plata County, September 2012 to September 2016.

 

Summary
Improved (+) 15
No Change (o) 4
Declined (-) 3
Improved (Declined) 12
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,142 31,209 29,408 +
  Employed 29,392 30,304 28,569 +
  Unemployment Rate (%) 2.5 2.9 2.9 +
  Labor Force Participation (%) 54.3 56.3 53.9 o
8
Construction & Housing
  New Permits (to Date)
     Durango 50 38 81
     Rest of County 139 116 121 +
  Value of Permits ($,000) (to Date)
     Durango 16,116 9,536 34,126
     Rest of County 76,487 63,650 42,910 +
  Home Sales 614 544 579 +
  Average Home Price ($) 435,908 439,102 416,400 +
Earnings Needed* ($) 66,000 66,100 66,400 o
8
Travel & Tourism
  Enplanements 18,073 18,384 17,656 +
  Lodgers Tax ($) 133,870 169,759 123,712 +
  Train Visitors 24,133 26,042 23,186 +
8
Gas & Oil
  New Permits (to date) 84 79 77 +
  Production (mmcf) 25,349 25,906 26,553
8
Other
Sales Tax, Durango ($,000)** 1,521 1,512 1,371 +
Commercial Sales ($,000) (to date) 27,169 27,079 20,077 +
Foreclosures (to date) 42 38 43 +
  Energy Use
     Large Industry (mwh) 32,143 32,319 31,608 o
     Other Commercial (mwh) 21,861 23,047 21,429 +
     Commercial Accounts 6,384 6,402 6,365 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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