ECONOWATCH L.A. COUNTY.
ECONOWATCH L.A. COUNTY
% + from
Latest Previous previous
period period period
GENERAL INDICATORS
Employment (000's) (Mar.) 4,646 4,652 -0.1%
Unemployment (000's) (Mar.) 236 226 +4.4
Help-wanted ads index (Feb.) 71 66 +7.0
Jobless-to-job ad ratio (Feb.) [1] 3.2 3.9 -17.9
Film permits (Mar.) [2] 4,703 4,334 +8.5
Bankruptcies
Chapter 7 (Feb.) 2,151 2,059 +4.3
Chapter 11 (Feb.) 22 12 +83.3
Exports (mils.) (Jan.) [3] $6,575.8 $7,110.3 -7.5
Imports (mils.) (Jan.) $12,282.3 $12,747.1 -3.6
Air cargo [4]
LAX (Feb.) 159.1 154.5 +3.0
Burbank (Feb.) 6.2 6.6 -6.4
Container volume 5 (000's)
Long Beach (Jan.) 354.4 351.3 +0.8
Los Angeles (Jan.) 396.9 414.0 -4.3
Los Angeles CPI (Feb.) 175.4 174.2 +0.7
Electricity Accounts (000's) [6]
Residential (Mar.) [7] 1,204.3 1,202.3 +0.2
Commercial (Mar.) 189.6 176.1 +7.7
Industrial (Mar.) 15.9 15.8 +0.6
REAL ESTATE
Construction lending (mils.) (Feb.) $201.3 $170.7 +15.2%
Property acquisition lending (mils.)
(Feb.) $1,130.9 $1,348.1 -19.2
Refinance lending (mils.) (Feb.) [8] $2,247.4 $1,724.2 +23.2
Foreclosures
Number (Feb.) 615 889 -30.8
Value (mils.) (Feb.) $101.2 $139.8 -27.6
Building contracts (mils.)
Residential (Dec.) $335.4 $152.9 +119.3
Nonresidential (Dec.) $289.9 $246.9 +17.4
Building permits (mils.)
Residential (Feb.) $203.8 $681.6 -70.0
Nonresidential (Feb.) $273.9 $301.4 -24.2
Housing start permits (Feb.) 679 3,842 -82.3
Home sales (Oct.) 7,337 7,571 -3.1
Home prices (000's) (Oct.) $200.0 $200.0 0.0
Condo sales (Feb.) 1,097 1,194 -8.8
Condo prices (000's) (Feb.) $170.0 $171.0 -0.5
Apartments (3rd qtr.) [9]
Gross occupancy 98.6% 97.6% NA
Avg. sq. ft. rent $1.33 $1.33 0.0
Avg. monthly rent $1,100 $1,119 -1.7
Office vacancy rates (1st qtr.) [10]
Downtown L.A. 20.3% 21.4% NA
San Fernando Valley 12.1% 10.1% NA
West L.A. 8.8% 8.0% NA
South Bay 12.4% 10.9% NA
Countywide 12.9% 11.9% NA
Industrial vacancy rates (1st qtr.)
Downtown/Central 2.2% 3.3% NA
South Bay 3.9% 3.6% NA
San Gabriel Valley 4.0% 2.8% NA
TOURISM
Hotel occupancy rate (Feb.) 78.1% 69.9% +11.7%
Room rate (Feb.) $130.63 $124.77 +4.7%
Passengers
LAX (000's) (Feb.) 4,647.2 5,141.8 -9.6
Burbank Airport (000's) (Feb.) 343.2 362.2 -5.5
Year %+ from
ago year ago
GENERAL INDICATORS
Employment (000's) (Mar.) 4,448 +4.5%
Unemployment (000's) (Mar.) 255 -7.5
Help-wanted ads index (Feb.) 83 -16.9
Jobless-to-job ad ratio (Feb.) [1] 3.1 +3.2
Film permits (Mar.) [2] 4,676 +0.6
Bankruptcies
Chapter 7 (Feb.) 2,410 -12.0
Chapter 11 (Feb.) 12 +83.3
Exports (mils.) (Jan.) [3] $5,299.5 +24.0
Imports (mils.) (Jan.) $10,733.7 +14.4
Air cargo [4]
LAX (Feb.) 178.1 -10.7
Burbank (Feb.) 6.2 0.0
Container volume 5 (000's)
Long Beach (Jan.) 339.1 +4.3
Los Angeles (Jan.) 358.2 +9.7
Los Angeles CPI (Feb.) 169.3 +3.6
Electricity Accounts (000's) [6]
Residential (Mar.) [7] 1,211.6 -0.6
Commercial (Mar.) 174.2 +8.8
Industrial (Mar.) 15.7 +1.3
REAL ESTATE
Construction lending (mils.) (Feb.) $195.0 +3.2%
Property acquisition lending (mils.)
(Feb.) $1,430.6 -26.5
Refinance lending (mils.) (Feb.) [8] $1,476.9 +34.2
Foreclosures
Number (Feb.) 1,201 -48.8
Value (mils.) (Feb.) $181.6 -44.3
Building contracts (mils.)
Residential (Dec.) $178.1 +88.3
Nonresidential (Dec.) $137.5 +108.3
Building permits (mils.)
Residential (Feb.) $219.7 -7.2
Nonresidential (Feb.) $199.2 +37.5
Housing start permits (Feb.) 883 -23.1
Home sales (Oct.) 7,206 +1.8
Home prices (000's) (Oct.) $196.0 +2.0
Condo sales (Feb.) 1,079 +1.6
Condo prices (000's) (Feb.) $169.0 +0.5
Apartments (3rd qtr.) [9]
Gross occupancy 96.6% NA
Avg. sq. ft. rent $1.27 +4.7
Avg. monthly rent $1,015 +8.4
Office vacancy rates (1st qtr.) [10]
Downtown L.A. 20.4% NA
San Fernando Valley 10.7% NA
West L.A. 6.3% NA
South Bay 15.3% NA
Countywide 13.8% NA
Industrial vacancy rates (1st qtr.)
Downtown/Central 2.1% NA
South Bay 4.0% NA
San Gabriel Valley 4.3% NA
TOURISM
Hotel occupancy rate (Feb.) 80.3% -2.8%
Room rate (Feb.) $125.46 +4.1%
Passengers
LAX (000's) (Feb.) 4,838.9 -3.9
Burbank Airport (000's) (Feb.) 346.4 -0.9
FOOTNOTES (1.)Thousands of jobless job·less adj. 1. Having no job. 2. Of or relating to those who have no jobs. n. (used with a pl. verb) Unemployed people considered as a group. Used with the. to index point of job ads. (2.)Film production days (3.)Through 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. Customs District. (4.)In thousands of tons (LAX)/in millions of pounds (Burbank Burbank, city (1990 pop. 93,643), Los Angeles co., S Calif.; inc. 1911. Tourism and the entertainment industry are central to its economy; several motion-picture studios and television headquarters are here. Burbank's aerospace industry collapsed with the end of the Cold War. ). (5.)20-foot equivalent unit. (6.)1982-1984=100. (7.)San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. and metropolitan L.A. combined (8.)Apartment and residential combined (9.)Includes refinancings, second mortgages and equity mortgages (10.)Based on a survey by Grubb & Ellis ELLIS - EuLisp LInda System. An object-oriented Linda system written for EuLisp. "Using Object-Oriented Mechanisms to Describe Linda", P. Broadbery <pab@maths.bath.ac.uk> et al, in Linda-Like Systems and Their Implementation, G. Wilson ed, U Edinburgh TR 91-13, 1991. Co. (11.)Excludes available sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. space NA means not applicable BOLDFACE See boldface font. INDICATES UPDATED FIGURES Sources: California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Slate Employment Development Department (employment figures); The Conference Board, N.Y. (help-wanted ad index); Entertainment Industry Development Corporation Los Angeles Film Office (film permits); U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , Central District of Calif., Los Angeles (bankruptcies); Dun & Bradstreet Brad·street , Anne Dudley 1612-1672. English-born colonial poet who wrote several collections of verse, including The Tenth Muse Lately Sprung Up in America (1650). (business failures); Economic Development Corporation, Los Angeles (exports, imports); City of Los Angeles
A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. , Los Angeles (Los Angeles consumer price index); Office of Economic Research at California State University Enrollment  , Long Beach (index of leading indicators The Index of Leading Indicators is an American economic index intended to estimate future economic activity. It is calculated by The Conference Board, a non-governmental organization, which determines the value of the index from the values of ten key variables. ); First American First American may refer to:
1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. tending, foreclosures, home sales, home prices, home prices per square foot, condo sales, condo prices); F.W. Dodge Division, McGraw-Hill (building contracts); Construction Industry Research Board (housing start permits, building permits); M/PF Research Inc. (apartments); Grubb & Ellis (office and industrial vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rates); PKF PKF Peace Keeping Force PKF Pannell Kerr Foster (accounting firm) PKF Park Falls, Wisconsin (Airport Code) Consulting (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 rate, room rate). |
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