Econowatch L.A. county. (Investments & Finance).

ECONOWATCH L.A. COUNTY

GENERAL INDICATORS

                                                           % -from
                                       Latest   Previous  previous
                                       period    period    period

Employment (000's) (July) (1)           4,581      4,473     +0.1%
Unemployment (000's) (July)               362        354     +1.0
Help-wanted ads index (Apr.)               16         21    -23.8
Jobless-to-job ad ratio (Mar.) (2)         46         47     -1.9
Film permits (Apr.) (3)                 2,236      2,622    -14.7
Bankruptcies
Chapter 7 (May)                         3,480      3,465     +0.4
Chapter 11 (May)                           24         21    +14.3
Exports (mils.) (Apr.) (4)           $5,205.7   $5,752.4     -9.5
Imports (mils.) (Apr.) (4)          $12,193.9  $10,787.0    +13.0
Air cargo (5)
 LAX (June)                             171.3      163.7     +4.6
Burbank (June)                            7.6        8.1     -6.17
Container volume (6) (000's)
 Long Beach (May)                       428.0      410.2     +4.3
 Los Angeles (May.)                     536.5      531.2    +10.4
Los Angeles CPI (Apr.) (7)              179.8      178.1     +0.9
Electricity Accounts (000's) (8)
 Residential (May) (7)                  1,219    1,217.0     +1.1
 Commercial (May)                       174.8      177.9     -1.7
 Industrial (May)                        15.3       15.3      0


                                       Year      %+from
                                        ago    year ago

Employment (000's) (July) (1)           4,574     +1.0%
Unemployment (000's) (July)               317     +1.1
Help-wanted ads index (Apr.)               23    -30.4
Jobless-to-job ad ratio (Mar.) (2)         67    -31.4
Film permits (Apr.) (3)                 2,485    -10.0
Bankruptcies
Chapter 7 (May)                         3,970    -12.3
Chapter 11 (May)                           34    -29.4
Exports (mils.) (Apr.) (4)           $5,505.1     -5.4
Imports (mils.) (Apr.) (4)          $11,645.2     +4.7
Air cargo (5)
 LAX (June)                             170.3     +0.6
Burbank (June)                            5.9     28.8
Container volume (6) (000's)
 Long Beach (May)                       367.6    +16.4
 Los Angeles (May.)                     435.2    +23.3
Los Angeles CPI (Apr.) (7)              176.6     +1.8
Electricity Accounts (000's) (8)
 Residential (May) (7)                1,210.0     +0.7
 Commercial (May)                       173.8      1
 Industrial (May)                        15.6     -1.9
REAL ESTATE

                                                         %+ from
                                       Latest  Previous  previous
                                       period    period    period

Construction lending (mils.) (Apr.)    $214.1    $171.8    +24.6%
Property acquisition lending         $3,106.1  $2,295.9    +35.3
 (mils.) (9) (Mar.)
Refinance lending (mils.)            $7,942.7  $7,028.5    +13.0
 (Mar.) (10)
Foreclosures
 Number (Apr.)                            752       584    +28.8
 Value (mils.) Apr.)                   $103.6    $144.4     -9.4
Building contracts (mils).
 Residential (Dec.)                    $185.4    $146.7    +11.9
 Nonresidential (Dec.)                 $160.8    $286.4    -26.6
Building permits (mils.)
 Residential (May)                     $334.3    $363.7     -8.1
 Nonresidential (May)                  $271.2    $285.7     -5.1
Housing start permits (Mar.)            1,317     1,047    +25.7
Home sales (Mar.)                       7,794     5,817    +40.0
Home prices (000's) (Mar.)             $257.5    $244.0     +5.5
Condo sales (Apr.)                      2,318     2,228     +4.0
Condo prices (000's) Apr.)             $195.0    $192.0     +1.6
Apartments (3rd qtr.)
 Gross occupancy                          97%     97.7%       NA
 Avg. sq. ft. rent                      $1.39     $1.37     +1.5
 Avg. monthly rent                     $1,173    $1,130     +3.8
Office-vacancy rates
 (2nd qtr.) (11)
 Downtown L.A.                          18.5%     17.3%       NA
 San Fernando Valley                    15.5%     15.6%       NA
 West L.A.                              15.7%     15.1%       NA
 South Bay                              19.4%      19.1       NA
 Countywide                             16.5%     15.9%       NA
Industrial vacancy rates
 (2nd qtr.) (11)
 Downtown/Central                        3.0%      3.2%       NA
 South Bay                               4.1%      4.3%       NA
 San Gabriel Valley                      3.1%      3.85       NA


                                         Year  %+ from
                                          ago  year ago

Construction lending (mils.) (Apr.)    $218.7     -2.1%
Property acquisition lending         $2,296.1    +35.3
 (mils.) (9) (Mar.)
Refinance lending (mils.)            $4,888.7    +62.5
 (Mar.) (10)
Foreclosures
 Number (Apr.)                            985    -23.7
 Value (mils.) Apr.)                   $140.4    -26.2
Building contracts (mils).
 Residential (Dec.)                    $364.6    -49.2
 Nonresidential (Dec.)                 $331.0    -51.4
Building permits (mils.)
 Residential (May)                     $323.8     +3.2
 Nonresidential (May)                  $374.4    -27.6
Housing start permits (Mar.)            1,527    -13.8
Home sales (Mar.)                       8,529     -8.6
Home prices (000's) (Mar.)             $216.0    +19.2
Condo sales (Apr.)                      1,939    +19.5
Condo prices (000's) Apr.)             $178.0     +9.6
Apartments (3rd qtr.)
 Gross occupancy                        98.6%       NA
 Avg. sq. ft. rent                      $1.30     +5.3
 Avg. monthly rent                     $1,089     +7.7
Office-vacancy rates
 (2nd qtr.) (11)
 Downtown L.A.                          19.1%       NA
 San Fernando Valley                    11.6%       NA
 West L.A.                              11.2%       NA
 South Bay                              14.2%       NA
 Countywide                             13.7%       NA
Industrial vacancy rates
 (2nd qtr.) (11)
 Downtown/Central                        1.4%       NA
 South Bay                               4.5%       NA
 San Gabriel Valley                      3.8%       NA
TOURISM

                                                   % + from
                                 Latest  Previous  previous     Year
                                  month     month     month      ago

Hotel occupancy rate (May)       68.40%     66.2%       3.2   72.11%
Room rate (May)                 $121.41   $120.00     1.18%  $124.87
Passengers
 LAX (000's) (June)               5,084     4,772      +6.5    6,037
Burbank Airport (000's) (June)    400.1     402.0       .47      416


                                 %+ from
                                year ago

Hotel occupancy rate (May)          -5.1
Room rate (May)                    -2.8%
Passengers
 LAX (000's) (June)                -15.8
Burbank Airport (000's) (June)      -3.8

FOOT NOTES

(1)Not seasonally adjusted.

(2)Thousands of jobless to index point of job ads.

(3)Film production days

(4)Through Los Angeles Customs District.

(5)In thousands of tons (LAX).

(6)20-foot equivalent unit.

(7)1982-1984=100.

(8)San Ferando Valley and metropolitan L.A. combined

(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 tending, foreclosures, home sales, home prices, home prices
per square foot, condo sales, condo prices); EW. 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).