Fast Facts April 2013

Find out about the local economies of Moffat and Routt Counties by downloading the most recent FastFacts.

The April FastFacts can be found on the Yampa Valley Data Partners website under Products & Services. The download is in PDF format and available to you now and for historical reference.

The Quarterly Economic Forecast Newsletter helps explain how our local economy is doing in the areas of employment, retail sales, real estate, energy and climate. The updated newsletter can be downloaded here.

See below for April key takeaways.

Employment

As of March 2013, the Moffat unemployment rate has remained the same for the last three months at 7.5%. Routt’s rate dropped to 5.8% from 6.0%. This is the lowest it has been since Feb 2009. Labor markets are tightening in both counties and the number of employed workers is growing faster than the labor force.

Retail Sales

Combined Moffat and Routt taxable sales in January 2013 were $110.8 million. This represented a 1.1% increase compared to January 2012. First quarter sales have not reached this level since 2009.

Real Estate

The real estate market in Routt continues to improve. As of March 2013, median listing prices were up 16.7% in Routt compared to March 2012 and existing single family home sales in Routt rose to 3.1% of inventory. In Moffat, median listing prices dropped from $122,000 thousand to $115,000 and inventory levels remained flat.

Energy

Monthly Moffat oil production surged in January, rising 30.3% compared to January 2012. Moffat gas production rose 11.9% relative to last year. Coal production in Routt county was relatively stable, dropping 0.3% compared to January 2012.

Climate

After a surge of late season snow in the Yampa Valley, Rabbit Ears Pass snowpack reached 89% of 25-year average on April 29th. Snow water content at the Tower reservoir storage site was 69% of average. The average daily stream flow on the Yampa was running at 563 cfs as of April 29th.

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