According to a new report from Brookings Mountain West, the economic output of metro Denver grew more than any other city in the nation in the third quarter of 2014.
The report compares metro areas on economic output, employment, and housing prices.
Denver area’s output (the value of all goods and services produced locally) rose 1.5 percent in the third quarter.
Employment in the Denver area increased by 0.7 percent. The unemployment rate fell rapidly for the second straight quarter, with output growing by an average of 1.1 percent from the previous quarter.
Employment in the Denver area increased by 0.7 percent. The unemployment rate fell rapidly for the second straight quarter and declined by 0.8 percentage points to 4.5 percent.
Metro Denver house sale prices rose 2.3 percent over the quarter. Home prices in Denver stood only 3.2 percent below their pre-recession peak by the end of the quarter. By contrast, nationwide house prices remained 22.7 percent below their pre-recession peaks.
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