Dope on Econowatch is a combo of financial uppers and downers.Dope on Econowatch is a combo of financial uppers and downers The Econowatch again registered a few signals last week that the economy has bounced up a bit, but it also signaled that the recession has throttled many indicators of Southland employment, spending and financial health. On the "less bad news is good news" side of the ledger, both Chapter 7 (liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy ) and Chapter 11 (reorganization) bankruptcy filings in May dipped, if only slightly, from April, the first reduction in monthly filings since at least 1989. However, the 193 Chapter 11 filings in May are still up 77.1 percent from May a year ago, while the 5,695 Chapter 7 filings are up 35.1 percent. Reflecting a still-soft Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. tourism and business travel market, hotel occupancy Noun 1. hotel occupancy - occupancy rate for hotels occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time rates fell to 62.3 percent in April, down from 62.5 percent in March, and off from 65.0 percent in April a year ago. Room rates are soft. In other economic news, the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. firm Grant Thornton first quarter index for the Los Angeles economy was released last week and it showed an economy neither shrinking or growing. The index number for the first quarter of 1991 was 108.5, the same as the fourth quarter of 1990, although down 2.84 percent from 111.4 in the first quarter of 1990. The Grant Thornton index is based upon seven economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. : factory hours, non-farm employment, construction permits, retail sales, business starts, business failures and money supply. All the indicators reflect Los Angeles County activity, with the exception of the money supply stats, which are national figures. Grant Thornton weighs all indicators equally in coming up with its index number. Econowatch, a weekly compilation of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, statistics, is published by the Business Journal to keep tabs on local economic trends. |
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