ECONOWATCH L.A. COUNTY.

ECONOWATCH L.A. COUNTY
GENERAL INDICATORS
                                                       % + from
                                     Latest  Previous  previous
                                     period    period    period
Employment (000's) (May)              4,613     4,672     -1.3%
Unemployment (000's) (May)              248       249     -0.4
Help-wanted ads index (Apr.)             23        34    -32.3
Jobless-to-job ad ratio (Apr.) 1       10.8       6.9    +56.5
Film permits (Apr.) 2                 2,929     3,048     -3.9
Bankruptcies
 Chapter 7 (Apr.)                     3,192     3,407     +6.3
 Chapter 11 (Apr.)                       12        22    -45.5
Exports (mils.) (Mar.) 3           $6,395.5  $6,062.8     +5.5
Imports (mils.) (Mar.)            $12,323.7  $9,981.2    +23.5
Air cargo 4
 LAX (Apr.)                           157.5     180.4    -12.4
 Burbank (Apr.)                         5.8       6.4     -9.4
Container volume 5 (000's)
 Long Beach (Apr.)                    366.5     360.2     +1.7
 Los Angeles (Apr.)                   417.4     401.6     +3.9
Los Angeles CPI (May)                 177.5     176.6     +0.5
Electricity Accounts (000's) 6
 Residential (Apr.) 7               1,206.0   1,204.3     +0.1
 Commercial (Apr.)                    177.9     189.6     -6.2
 Industrial (Apr.)                     15.8      15.9     -0.6
                                    Year     % + from
                                     ago     year ago
Employment (000's) (May)              4,482     +2.9%
Unemployment (000's) (May)              258     -3.9
Help-wanted ads index (Apr.)             42    -45.2
Jobless-to-job ad ratio (Apr.) 1        6.2    +74.2
Film permits (Apr.) 2                 2,222    +31.8
Bankruptcies
 Chapter 7 (Apr.)                     2,395    +33.3
 Chapter 11 (Apr.)                        9    +33.3
Exports (mils.) (Mar.) 3           $6,515.3     -1.8
Imports (mils.) (Mar.)            $12,007.8     +2.6
Air cargo 4
 LAX (Apr.)                           182.3    +13.6
 Burbank (Apr.)                         6.2     -6.5
Container volume 5 (000's)
 Long Beach (Apr.)                    366.5      0.0
 Los Angeles (Apr.)                   407.1     +2.5
Los Angeles CPI (May)                 171.1     +3.7
Electricity Accounts (000's) 6
 Residential (Apr.) 7               1,211.1     -0.4
 Commercial (Apr.)                    176.9     +0.6
 Industrial (Apr.)                     15.7     +0.6
REAL ESTATE
                                                         % + from
                                      Latest   Previous  previous
                                      period     period    period
Construction lending (mils.) (Apr.)    $218.7    $216.4     +1.1%
Property acquisition lending         $1,849.4  $1,887.8     -2.0
(mils.) (Apr.)
Refinance lending (mils.) (Apr.) 8   $3,585.6  $3,524.5     +1.7
Foreclosures
 Number (Apr.)                            984       725    +35.7
 Value (mils.) (Apr.)                  $140.3    $114.5    +22.5
Building contracts (mils.)
 Residential (Mar.)                    $302.3    $135.1   +123.7
 Nonresidential (Mar.)                 $237.2    $182.8    +29.8
Building permits (mils.)
 Residential (Apr.)                    $306.8    $290.2     +5.7
 Nonresidential (Apr.)                 $300.9    $279.7     +7.6
Housing start permits (Apr.)            1,297     1,507    -13.9
Home sales (Apr.)                       8,338     8,529     -2.2
Home prices (000's) (Apr.)             $223.0    $216.0     +3.2
Condo sales (Apr.)                      1,799     1,756     +2.4
Condo prices (000's) (Apr.)            $179.0    $176.0     +1.7
Apartments (1st qtr.) 9
 Gross occupancy                        97.7%     97.0%       NA
 Avg. sq. ft. rent                      $1.35     $1.38     -2.2
 Avg. monthly rent                     $1,138    $1,120     +1.6
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
                                       Year    % + from
                                        ago    year ago
Construction lending (mils.) (Apr.)    $232.7     -6.0%
Property acquisition lending         $1,816.8     +1.8
(mils.) (Apr.)
Refinance lending (mils.) (Apr.) 8   $1,562.8   +129.4
Foreclosures
 Number (Apr.)                          1,011     -2.7
 Value (mils.) (Apr.)                  $144.8     -3.1
Building contracts (mils.)
 Residential (Mar.)                    $321.1     -5.9
 Nonresidential (Mar.)                 $336.1    -29.4
Building permits (mils.)
 Residential (Apr.)                    $302.4     +1.5
 Nonresidential (Apr.)                 $227.4    +32.3
Housing start permits (Apr.)            1,019    +27.3
Home sales (Apr.)                       7,556    +10.3
Home prices (000's) (Apr.)               $216     +3.2
Condo sales (Apr.)                      1,768     +1.8
Condo prices (000's) (Apr.)            $177.0     +1.1
Apartments (1st qtr.) 9
 Gross occupancy                        97.3%       NA
 Avg. sq. ft. rent                      $1.28     +5.5
 Avg. monthly rent                     $1,032    +10.3
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
                                                   % + from
                                 Latest  Previous  previous   Year
                                 month      month     month    ago
Hotel occupancy rate (Mar.)       77.4%     78.1%     -0.9%    79.4%
Room rate (Mar.)                $125.91   $130.63     -3.6%  $122.00
Passengers
 LAX (000's) (Apr.)             5,824.8   5,801.9      +0.4  5,600.4
Burbank Airport (000's) (Apr.)    403.9     396.6      +1.8    403.1
                                % + from
                                year ago
Hotel occupancy rate (Mar.)      -2.5%
Room rate (Mar.)                 +3.2%
Passengers
 LAX (000's) (Apr.)               +4.0
Burbank Airport (000's) (Apr.)    +0.2
FOOTNOTES
(1.) Thousands of jobless to index point of job ads.
(2.) Film production days
(3.) Through Los Angeles Customs District.
(4.) In thousands of tons (LAX)/in millions of pounds (Burbank).
(5.) 20-foot equivalent unit.
(6.) 1982-1984=100.
(7.) San Fernando Valley 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 Co. Excludes available
sublease space NA means not applicable
BOLDFACE INDICATES UPDATED FIGURES
Sources: California State 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, Central District
of Calif., Los Angeles (bankruptcies); Dun & Bradstreet (business
failures); Economic Development Corporation, Los Angeles (exports,
imports); City of Los Angeles Airport Department (LAX passenger
traffic and air cargo); Burbank-Glendale-Pasadena Airport Authority
(Burbank passenger traffic and air cargo); Bureau of Labor
Statistics, Los Angeles (Los Angeles consumer price index); Office
of Economic Research at California State University, Long Beach
(index of leading indicators); First American Real Estate Solutions,
Anaheim (construction lending, property lending, refinance lending,
foreclosures, home sates, 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 rates); PKF Consulting
(hotel occupancy rate, room rate).