Monday, November 9, 2009

Unemployment rates and vacancies

With the release of the latest Metro Denver vacancy and rent data, it was pointed out that the vacancy rate tracks fairly closely with the unemployment rate. This is true at both the statewide level and at the Metro Denver level. In the graph below, you'll find a correlation between the Denver-Aurora-Boulder unemployment rate and the Metro Denver vacancy rate.

In the future, we plan to provide more analysis and visual aids of this type.