Articles by: YVDP Admin

FastFacts December 2, 2016

Employment

The 12-month Unemployment Average for all three counties continues to remain steady, with Moffat’s 12-month average at 4.1%, Rio Blanco’s at 5.3%, and Routt’s at 2.8%. The labor force experienced a slight increase in the shortage of workers across the region in October, pulling Rio Blanco out of a 6-month shortage of jobs.

Real Estate

The number of Foreclosures in Rio Blanco remains steady despite Moffat and Routt’s foreclosure ratios doubling between September and October. Median October Rent continues to incrementally rise in Moffat and Routt, with Zillow estimates showing Rio Blanco Median Rent declining by 2.1% from the previous month.

Energy

September to October coal production in all three counties saw significant increases:  Moffat rose by 129.2%, Routt gained 761.6% in monthly coal production, and Rio Blanco had a 43.8% increase. Despite these promising gains, October year-to-date figures are showing declines between 2015 and 2016. Moffat produced 26.2% less coal by October 2016 than it did by October 2015.  Routt was down 33.2% in its year-to-date coal production, and Rio Blanco experienced a 44.2% drop during the same time period. July to August oil production was down in Rio Blanco and Routt, with respective 4.3% and 12.6% decreases. Moffat had a 12.0% increase in its oil production, but produced 8.5% less gas. Routt had a 68.0% decrease in its monthly gas production, while Rio Blanco’s gas production increased slightly by 0.4% between July and August.

Climate

Yamcolo Reservoir increased to 59% of capacity in October, with Stagecoach Reservoir maintaining 105% of its capacity. The Yampa River at Steamboat Springs was at 63% of its 10-year average on November 30, while the White River near Meeker flowed at 102% of its 10-year average. Snow accumulation is down across the region when compared to snowfalls from 2015.

Click here for the latest edition of FastFacts: December 2, 2016 FastFacts

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FastFacts November 4, 2016

FastFacts November 4, 2016

Employment

The 12-month Unemployment Average for all three counties has remained the same since July: Moffat’s average is 4.1%, Rio Blanco is at 5.3%, and Routt maintains a 2.8 percentage. Despite this stability, all three counties are trending into or have a shortage of jobs.

Real Estate

The number of Foreclosures in Rio Blanco remains steady while they have decreased in Moffat and Routt, resulting in approximately 5 foreclosures in the region in September. Median September Rent has increased at least 3% across all three counties when compared to the Median Rent of September 2015.

Energy

September year-to-date totals for Routt have declined 33.5% when compared to September 2015. Moffat’s year-to-date production is down by 32.7%, with Rio Blanco’s year-to-date production decreasing by 46.5%. July 2016 year-to-date Oil Production totals are up for Moffat when compared to July 2015, with year-to-date Gas Production down for all three counties. Note: More information regarding decreased coal production is provided in this month’s FastFacts.

Climate

Yamcolo Reservoir September capacity was at 51% while Stagecoach Reservoir maintained a high capacity at 105%. Both rivers are running below 2015 Average Daily Discharge, with The White River near Meeker at 88% of its 10-year average on October 28th. The Yampa River at Steamboat Springs was at 70% of its Average Daily Discharge that same day.

For our most recent edition of FastFacts, please click here: November 4, 2016 FastFacts

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FastFacts October 3, 2016

FastFacts October 3, 2016

Employment

Unemployment rates declined slightly for all three counties. Despite this, all three counties are dealing with economic employment stress, with Rio Blanco’s job shortage temporarily stabilizing.


Industry

Mining remains one of the Top 3 Employers in each county when aggregating by Average Weekly Wage for the first quarter of 2016. In Moffat, only 19.2% of the workforce earns the three highest Average Weekly Wages. Rio Blanco’s workforce was slightly better at 22.6%, while Routt had the greatest wage disparity at 5.7%.


Real Estate

Rio Blanco has a temporary stabilization of its home foreclosures. But, pre-foreclosure statistics in all three counties suggest there will be a rise in the number of foreclosures over the next few months. Moffat came in third in the state in August for the highest ratio of homes foreclosed upon.


Energy

July Coal Production saw an overall monthly decrease across the state, with Routt producing its lowest amount of coal in over fifteen years. One-third of the state’s coal in July was produced in Moffat. Moffat experienced an incremental increase in Oil and Gas Production when compared to last year. Rio Blanco’s Gas Production continues to increase from last year’s total.


Climate

Yamcolo Reservoir continues to run slightly below its  average percent of capacity, with Stagecoach maintaining a higher than average percent of capacity at 112%. The White River near Meeker was at 91% of its 10-year average on September 28th. The Yampa River at Steamboat Springs was at 56% of its Average Daily Discharge, marking its lowest point of September 28th discharge since 2012. All peaks received snowfall on September 24th or 25th.


For our full edition of FastFacts, please click on this link: October 3, 2016 FastFacts

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FastFacts September 2, 2016

FastFacts September 2, 2016

Employment

Regional July unemployment decreased slightly from its seasonal peaks in May and June. Economically, Rio Blanco’s job shortage has decreased, easing its employment stress.

Industry

The end of March 2016 brought forward the following top industry employers in each county:

  • Moffat – Retail Trade
  • Rio Blanco – Mining
  • Routt – Accommodations and Food Services

Retail Sales

February 2016 regional spending was up when compared to the previous year. Despite this, both Moffat and Rio Blanco saw slight declines in overall February spending between 2015 and 2016.

Real Estate

Median Rent continues to rise incrementally in Routt county while experiencing a temporary stabilization in Moffat and Rio Blanco. Foreclosures decreased or remained the same in both Rio Blanco and Routt. However, Moffat began a spike in foreclosures, coming in with the highest number of foreclosures in the state for July.

Energy

Year-to-date Oil production continues to decline for June in both Rio Blanco and Routt counties. Moffat’s Oil production year-to-date total continues to rise incrementally. Between May and June, Rio Blanco experienced a 78.4% increase in Gas production.

Climate

The Yamcolo Reservoir is at its lowest capacity since 2013, containing only 49%. The Yampa River at Steamboat Springs was at 51% of its Average Daily Discharge on August 29th, marking its lowest point of discharge on that date since 2007. The White River near Meeker was at 73% of its 10-year average on the same date.

For our full edition of FastFacts, please click on this link: September 2, 2016 FastFacts

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FastFacts August 2, 2016

FastFacts August 2, 2016

Employment

Regionally, June unemployment for all three counties has improved since its monthly peak in 2010. Routt’s worker and job availability have seasonally balanced out.


Industry

At the end of 2015, Retail Trade and Accommodation and Food Services employees comprised the largest industry-based employment in Moffat and Routt while also earning the lowest Average Weekly Wage. Mining employed the greatest number of people in Rio Blanco while also providing the second highest Average Weekly Wage in the county.


Real Estate

Median Rent continues to rise in Routt while temporarily stabilizing in Rio Blanco and Moffat. The average percentage of foreclosures has continually declined in Routt since February 2011, with Moffat’s slightly increasing since June 2013. Rio Blanco’s foreclosure average has continually risen since November 2013.


Retail Sales

January 2016 total retail sales declined regionally in comparison to January 2015 spending, with Rio Blanco’s spending dropping by 31.8%. Food and Beverage Sales experienced the largest year-over-year decrease in all three counties.


Precipitation

On July 30, the Yampa River had the same daily discharge as it did one year ago, with the White River flowing at 67% of last year’s discharge on the same day. Meanwhile, Stagecoach and Yamcolo Reservoirs are both above their 10-year capacity average at 113% and 115% respectively.


Coal

Total annual Coal production in June is down in Moffat by 27.4%, 53.9% in Rio Blanco, and 15.8% in Routt.


Oil & Gas

Year-to-date Gas production totals have regionally declined since the start of 2015. Overall Oil production totals in Moffat have gradually increased since 2015, but are down in both Rio Blanco and Routt.

Click here for our most recent edition of FastFacts: August 2, 2016 FastFacts

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FastFacts July 9, 2016

FastFacts July 9, 2016

Employment

The number of employed workers in May in both Moffat and Rio Blanco decreased when compared to May 2015. Routt’s year-over-year employment for May has increased when compared to 2015, with its unemployment numbers decreasing for the same time period.


Industry and Wage

The Mining industry continues to remain in the top 3 of average weekly wages throughout the region. Accommodation and Food Service workers earned the least in all three counties during the fourth quarter of 2015. Total wages earned decreased slightly in both Rio Blanco and Routt counties when compared to Q4 2014 totals.


Real Estate

Median monthly rent continues to rise across the region. Routt experienced a 15.5% seasonal spike in the number of homes for sale in June. In all three counties, foreclosures were on the rise from the previous month of April, with Moffat foreclosures increasing by 119%.


Precipitation

Yamcolo and Stagecoach reservoirs were at 100+% capacity in June. Both the White and Yampa Rivers peaked on June 6, coming in at 110% and 134% of their 10-year average.

Coal

Northwest Colorado produced 81% of the state’s coal in April. However, annual totals for 2016 are 23 – 44% behind total production in April of 2015.


Oil & Gas

Compared to April 2015 extraction totals, Moffat, Rio Blanco and Routt experienced decreased oil and gas production in April 2016.  However, Moffat and Routt gas production did increase from the previous month.

Click here for our most recent edition of FastFacts: FastFacts July 9, 2016

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FastFacts June 2, 2016

FastFacts June 2, 2016
Employment
Year-over-year April employment in Moffat is steady. Rio Blanco employment is down 54 employed workers (-2.0%), and Routt is up 130 employed workers (+1.0%). At 6.2%, Rio Blanco has the second highest April unemployment rate in Colorado.

Retail Sales
Spending in Moffat, Rio Blanco and Routt declined between October and November 2015. Year-to-date totals are 5.7% below November 2014 totals for Routt, with Rio Blanco’s spending down 34.6% from the previous year. Moffat saw a 13.2% decrease in sales when compared to the previous year.

Real Estate
Moffat and Routt median monthly rents are at their highest in the last 5 years. Moffat’s April foreclosures are at their highest rate for 2016. Routt and Rio Blanco have fewer foreclosures than April of 2015. All three counties have seen an increase in houses for sale.

Precipitation
Yamcolo and Stagecoach reservoirs were over 100% of their capacity in April. Rabbit Ears, Buffalo Pass and Ripple Creak all still contain ≥119% of their average snow-water equivalency. However, Burro Mountain is only at 10.8% of its average amount of snow-water. Both the Yampa and White rivers experienced their second peak of the season on May 22nd.

Coal
Coal in Routt saw a jump in its monthly and yearly production levels. Despite Moffat and Rio Blanco experiencing continued gradual monthly decreases in production, all three counties produced 79% of the state’s coal in March.

Oil & Gas
Routt’s oil and gas productions continue to decrease, with Moffat and Rio Blanco seeing increases in both sets of production levels.

Click here for our most recent edition of FastFacts: FastFacts June 2, 2016

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FastFacts May 5, 2016

FastFacts May 5, 2016
Employment
All three counties continue to see an increase in their unemployment rates. Moffat and Routt are still experiencing worker shortages. However, Rio Blanco had an almost equal decline in its labor force and the number of employed workers, easing their shortage of workers.

Retail Sales
Moffat, Rio Blanco and Routt saw significant increases in Food and Beverage sales in August of 2015 when compared to the previous year. Year-over-year Total Retail Sales increased slightly for both Moffat and Routt, with Rio Blanco experiencing a large decline in August 2015 spending compared to August 2014 figures.

Real Estate
Median monthly rents continue to gradually increase. Moffat and Rio Blanco have more foreclosures than a year ago, with Routt having its lowest foreclosure ratio within a six year history. Moffat had a 12% increase in the number of houses for sale between March and April.

Precipitation
In April, the White and Yampa Rivers experienced their first peak volume of the season. Snow-water equivalency is above 100% for the region, with both Stagecoach and Yamcolo reservoirs also experiencing above average capacities.

Coal
Coal production increased for the state as well as Moffat and Rio Blanco. However, Routt’s coal production dropped 58.9% in the course of the last month.

Oil & Gas
Moffat and Routt had slight increases in monthly oil productions, while all three counties experienced a decline in gas production when compared to January.

Click here for our most recent edition of FastFacts: FastFacts May 5, 2016

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FastFacts April 4, 2016

FastFacts April 4, 2016

Employment

All three counties have experienced a 0.5% – 1.0% decrease in unemployment rates when compared to February 2015. Employee shortages are worsening for Moffat and Routt when compared to a year ago, with Rio Blanco’s employee shortage easing slightly.

Industry

YVDP has made major changes to Moffat County reporting to include Utilities and Educational Services, which were previously withheld due to “Confidentiality”. Those two sectors provided 21.0% of the wages and 13.9% of the employees in the county. See pages 4 and 5.

Wages

Rio Blanco saw a drop in its third quarter average weekly wage from $1,012 to $992. Moffat and Routt had a $20-plus increase in their average weekly wages. Accommodations and Food Services had the lowest average wages with Moffat County being the lowest.

Precipitation

End of March snow depth is 17+ inches higher than it was this time last year. Snow-water equivalency is also greater in volume for both the White and Yampa River basins. Stagecoach Reservoir has decreased slightly to 100% capacity, and Yamcolo has reached 80% of its capacity, up from its previous month’s capacity of 76%.

Coal

Northwest Colorado produced 65.8% of the state’s coal for January 2016. However, all three counties experienced decreased year-over-year coal production. Deserado Mine began production mid-month.

Oil & Gas

Moffat’s January 2016 oil production decreased 64.5%, with gas dropping by 7.7% when compared to December 2015 figures. Oil production dropped by 31.8% in Routt while gas totals increased by 62.3%. Rio Blanco saw a slight increase for both oil and gas production, coming in just below 1%.

April 4, 2016 FastFacts

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FastFacts – March 1, 2016

FastFacts – March 1, 2016

Employment

Moffat, Rio Blanco and Routt counties maintained record low unemployment rates in December with Moffat and Rio Blanco trending upward and Routt dropping b 2.4% by the end of the fourth quarter.

Industry

Mining dominated as the top sector by wages in Moffat and Rio Blanco counties, distributing nearly $21.65 million (almost 23% of all wage income) in the third quarter of 2015. Health Care and Social Assistance was the largest sector by wages in Routt, distributing 11% of total wages.

Wages

Rio Blanco saw a drop in its third quarter average weekly wage from $1,012 to $992. Moffat and Routt had a $20-plus increase in their average weekly wages. Accommodations and Food Services had the lowest average wages with Moffat County’s being the lowest.

Precipitation

Snow-water equivalency is above its 10-year averages except at Buffalo Pass, which is at 82.9%. Snow accumulation is greater than the 10-year averages except for Ripple Creek’s 92.8%. Stagecoach and Yamcolo Reservoirs are 103% and 76% of capacity, respectively.

Coal

Moffat and Rio Blanco 2015 year-end coal totals when compared to those of 2014 increased by 0.3% and 21.4% respectively, despite no December production at Deserado Mine due to a longwall move. Routt county had a 38.1% decrease in its 2015 coal production when compared to its 2014 figures.

Oil & Gas

All three counties produced less natural gas in comparison to the same period in 2014, with Routt exhibiting a 26.9% drop, Rio Blanco a 30.8% decline, and Moffat a 17.3% reduction. Moffat’s annual oil production increased by 1.7 % between 2014 and 2015. Both Rio Blanco and Routt counties had decreased annual oil production at 13.2% and 7.5% respectively.

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