Econowatch L.A. County.
GENERAL
INDICATORS
Latest Previous
period period
Employment (000's) (Feb.) (1) 4,602.3 4,574.1
Unemployment (000's) (Feb.) (1) 266.8 260.0
Help-wanted ads index (Jan.) 10 12
Jobless-to-job ad ratio (Jan.) (2) 26.7 21.7
Film Production Days (Dec.) (2) 2,587.0 3,172.0
Bankruptcies
Chapter 7 (Jan.) 340 210
Chapter 11 (Jan.) 10 9
Exports (mils.) (Jan.) $6,509.1 $7,110.9
Imports (mils.) (Jan.) $17,944.5 $17,920.7
Air cargo (5)
LAX (Jan.) 158.0 185.5
Burbank (Jan.) 9.0 10.0
Container volume (000's) (6)
Long Beach (Jan.) 579.5 545.8
Los Angeles (Jan.) 620.3 621.3
Los Angeles CPI (Jan.) 206.0 203.9
Electricity Accounts (000's) (8)
Residential (Jan.) 1,242.6 1,236.3
Commercial (Jan.) 178.2 180.6
Industrial (Jan.) 13.9 13.7
previous Year
period ago
Employment (000's) (Feb.) (1) +0.6% 4,512.3
Unemployment (000's) (Feb.) (1) +2.6 286.1
Help-wanted ads index (Jan.) -16.7 13
Jobless-to-job ad ratio (Jan.) (2) +23.0 22.0
Film Production Days (Dec.) (2) -18.4 2,653.0
Bankruptcies
Chapter 7 (Jan.) +61.9 2,213
Chapter 11 (Jan.) +11.1 10
Exports (mils.) (Jan.) -8.5 $5,230.0
Imports (mils.) (Jan.) +0.1 $16,137.7
Air cargo (5)
LAX (Jan.) -14.8 164.7
Burbank (Jan.) -10.0 7.4
Container volume (000's) (6)
Long Beach (Jan.) +6.2 509.6
Los Angeles (Jan.) -0.2 590.2
Los Angeles CPI (Jan.) +1.0 195.4
Electricity Accounts (000's) (8)
Residential (Jan.) +0.5 1,234.5
Commercial (Jan.) -1.3 176.1
Industrial (Jan.) +1.5 14.0
% + from
year ago
Employment (000's) (Feb.) (1) +2.0%
Unemployment (000's) (Feb.) (1) -6.7
Help-wanted ads index (Jan.) -23.1
Jobless-to-job ad ratio (Jan.) (2) +21.4
Film Production Days (Dec.) (2) -2.5
Bankruptcies
Chapter 7 (Jan.) -84.6
Chapter 11 (Jan.) 0
Exports (mils.) (Jan.) +24.5
Imports (mils.) (Jan.) +11.2
Air cargo (5)
LAX (Jan.) -4.0
Burbank (Jan.) +21.6
Container volume (000's) (6)
Long Beach (Jan.) +13.7
Los Angeles (Jan.) +5.1
Los Angeles CPI (Jan.) +5.4
Electricity Accounts (000's) (8)
Residential (Jan.) +0.7
Commercial (Jan.) +1.2
Industrial (Jan.) -0.7
REAL ESTATE
Latest Previous
period period
Construction lending (mils.) (Feb.) $694.2 $424.7
Property acquisition lending (mils.) (9) (Feb.) $4,236.7 $4,499.9
Refinance lending (mils.) (Feb.) (10) $8,621.2 $9,388.6
Foreclosures
Number (Feb.) 71 82
Value (mils.) (Feb.) $60.1 $44.4
Building contracts (mils.)
Residential (Feb.) $379.6 $403.7
Nonresidential (Feb.) $604.7 $428.0
Building permits (mils.)
Residential (Jan.) $471.8 $560.6
Nonresidential (Jan.) $289.6 $304.2
Housing start permits (Jan.) 1,643 2,144
Home sales (Feb.) 5,309 7,277
Home prices (000':) (Feb.) $525.0 $519.0
Condo sales (Feb.) 1,324.0 1,786
Condo prices (000's) (Feb.) $405 $402.0
Apartments (4th qtr.)
Gross occupancy 97.2% 97.8%
Avg. sq. ft. rent $1.68 $1.63
Avg. monthly rent $1,416 $1,394
Office vacancy rates (4th qtr.)
Downtown L.A 14.9% 15.6%
San Fernando Valley 7.0 7.8
West L.A. 9.1 9.9
South Bay 18.2 19.0
Countywide 11.4 12.2
Industrial vacancy rates (4th qtr.)
Downtown/Central 1.3% 1.0%
South Bay 2.8 2.2
San Gabriel Valley 1.6 1.2
% + from
previous Year
period ago
Construction lending (mils.) (Feb.) +63.5% $379.3
Property acquisition lending (mils.) (9) (Feb.) -5.8 $3,899.4
Refinance lending (mils.) (Feb.) (10) -8.1 $9,234.6
Foreclosures
Number (Feb.) -13.4 63
Value (mils.) (Feb.) +35.4 $29.1
Building contracts (mils.)
Residential (Feb.) -6.0 $410.6
Nonresidential (Feb.) +41.3 $293.0
Building permits (mils.)
Residential (Jan.) -15.8 $458.0
Nonresidential (Jan.) -4.8 $255.8
Housing start permits (Jan.) -23.4 1,925
Home sales (Feb.) -27.0 6,660
Home prices (000':) (Feb.) +1.2 $438.0
Condo sales (Feb.) -25.9 $1,511.0
Condo prices (000's) (Feb.) +0.7 $350.0
Apartments (4th qtr.)
Gross occupancy NA 96.8%
Avg. sq. ft. rent +3.1 $1.55
Avg. monthly rent +1.6 $1,301
Office vacancy rates (4th qtr.)
Downtown L.A NA 19.1%
San Fernando Valley NA 8.9
West L.A. NA 14.6
South Bay NA 20.6
Countywide NA 14.8
Industrial vacancy rates (4th qtr.)
Downtown/Central NA 1.2%
South Bay NA 2.6
San Gabriel Valley NA 1.2
% + from
year ago
Construction lending (mils.) (Feb.) +83.0%
Property acquisition lending (mils.) (9) (Feb.) +9.5
Refinance lending (mils.) (Feb.) (10) -6.6
Foreclosures
Number (Feb.) +12.7
Value (mils.) (Feb.) +106.5
Building contracts (mils.)
Residential (Feb.) -7.5
Nonresidential (Feb.) +106.4
Building permits (mils.)
Residential (Jan.) +3.0
Nonresidential (Jan.) +13.2
Housing start permits (Jan.) -14.6
Home sales (Feb.) -20.3
Home prices (000':) (Feb.) +19.9
Condo sales (Feb.) -12.4
Condo prices (000's) (Feb.) +15.7
Apartments (4th qtr.)
Gross occupancy NA
Avg. sq. ft. rent +8.4
Avg. monthly rent +8.8
Office vacancy rates (4th qtr.)
Downtown L.A NA
San Fernando Valley NA
West L.A. NA
South Bay NA
Countywide NA
Industrial vacancy rates (4th qtr.)
Downtown/Central NA
South Bay NA
San Gabriel Valley NA
TOURISM
Latest Previous
month month
Hotel occupancy rate (Jan.) 76.0% 62.7%
Room rate (Jan.) $142.3 $125.9
Passengers
LAX (000's) (Jan.) 4,756.8 4,997.5
Burbank Airport (000's) (Jan.) 429.7 460.6
% + from
previous Year
month ago
Hotel occupancy rate (Jan.) NA 73.6%
Room rate (Jan.) +13.0 $127.6
Passengers
LAX (000's) (Jan.) -4.8 4,860.1
Burbank Airport (000's) (Jan.) -6.7 379.6
%+ from
year ago
Hotel occupancy rate (Jan.) NA
Room rate (Jan.) +11.5
Passengers
LAX (000's) (Jan.) -2.1
Burbank Airport (000's) (Jan.) +13.2
FOOTNOTES
(1.) Not seasonally adjusted.
(2.) Thousands of jobless to index point of job ads.
(3.) Music, television, film and commercials.
(4.) Through Los Angeles Customs District.
(5.) In thousands of tons.
(6.) 20-foot equivalent unit.
(7.) 1982-1984=100.
(8.) Metropolitan LA.
(9.) Apartment and residential combined
(10.) Includes refinancings, second mortgages and equity
mortgages
(11.) 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 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); MIPF Research Inc.
(apartments); Grubb & Ellis (office and industrial vacancy rates);
PKF Consulting (hotel occupancy rate, room rate).
COPYRIGHT 2006 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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