Econowatch L.A. county.

GENERAL
INDICATORS

                                          Latest     Previous
                                          period       period

Employment (000's) (March) (1)          4,659.8      4,602.3
Unemployment (000's) (March) (1)          232.5        266.8
Help-wanted ads index (March)                11           11
Jobless-to-job ad ratio (March) (2)        21.1         24.3
Film Production Days (1st qtr.)           9,278        8,644

Bankruptcies
Chapter 7 (March)                           610          400
Chapter 11 (March)                           23            8

Exports (mils.) (Feb.)                 $6,520.7     $6,509.1
Imports (mils.) (Feb.)                $15,661.5    $17,944.5
Air cargo5
  LAX (March)                             193.4        152.0
  Burbank (March)                          11.0          9.2
Container volume (6) (000's)#
  Long Beach (Apr.)#                      619.5#       561.2#
  Los Angeles (Apr.)#                     673.4#       670.9#
Los Angeles CPI (March)                   208.5        207.5
Electricity Accounts (000's) (8)
  Residential (March)                   1,243.4      1,241.2
  Commercial (March)                      178.8        182.4
  Industrial (March)                       14.0         14.0

                                       %- from
                                      previous         Year    %+ from
                                        period          ago   year ago

Employment (000's) (March) (1)           +1.2      4,527.8       +2.9
Unemployment (000's) (March) (1)        -12.9        263.7      -11.8
Help-wanted ads index (March)             0             12       -8.3
Jobless-to-job ad ratio (March) (2)     -13.2         22.0       -4.1
Film Production Days (1st qtr.)          +7.3        8,909       +4.1

Bankruptcies
Chapter 7 (March)                       +52.5        3,605      -83.1
Chapter 11 (March)                     +187.5           11     +109.1

Exports (mils.) (Feb.)                   +0.2     $5,704.1      +14.3
Imports (mils.) (Feb.)                  -12.7    $15,419.6       +1.6
Air cargo5
  LAX (March)                           +27.2        195.1       -0.8
  Burbank (March)                       +19.6          9.0      +22.2
Container volume (6) (000's)#
  Long Beach (Apr.)#                    +10.4#       538.5#     +15.0#
  Los Angeles (Apr.)#                    +0.4#       637.0#      +5.7#
Los Angeles CPI (March)                  +0.5        199.2       +4.7
Electricity Accounts (000's) (8)
  Residential (March)                    +0.2      1,236.2       +0.6
  Commercial (March)                     -2.0        177.3       +0.8
  Industrial (March)                      0           14.0        0

REAL ESTATE

                                                              % + from
                                          Latest   Previous   previous
                                          period     period     period

Construction lending (mils.) (March)      $752.6     $694.2       +8.4
Property acquisition lending (mils.)
  (9) (March)                           $6,662.5   $4,236.7      +57.3
Refinance lending (mils.)
  (March) (10)                         $11,132.6   $8,621.2      +29.1

Foreclosures
  Number (March)                             106         71      +49.3
  Value (mils.) (March)                    $46.5      $60.1      -22.6
Building contracts (mils.)
  Residential (March.)                    $747.9     $379.6      +97.0
  Nonresidential (March)                  $454.4     $428.0       +6.2
Building permits (mils.)
  Residential (March)                     $627.6     $630.9       -0.5
  Nonresidential (March)                  $365.2     $370.0       -1.3
Housing start permits (March)              1,549      2,317      -33.1
Home sales (Apr.)                          7,159      6,864       +4.3
Home prices (000's) (Apr.)                $545.0     $536.0       +1.7
Condo sales (Apr.)                       1,961.0    1,779.0      +10.2
Condo prices (000's) (Apr.)               $415.0     $418.0       -0.7

Apartments (1st qtr.)
  Gross occupancy                          97.5%      97.2%         NA
  Avg. sq. ft. rent                        $1.69      $1.68       +0.6
  Avg. monthly rent                       $1,420     $1,416       +0.3
Office vacancy rates (1st qtr.)
  Downtown L.A.                            15.0%      14.9%         NA
  San Fernando Valley                       7.0        7.8          NA
  West L.A.                                 8.0        9.8          NA
  South Bay                                16.1       17.3          NA
  Countywide                               12.2       11.2          NA
Industrial vacancy rates (1st qtr.)
  Downtown/Central                          1.4%       1.3%         NA
  South Bay                                 2.5        2.8          NA
  San Gabriel Valley                        1.9        1.6          NA

                                            Year    %+ from
                                             ago   year ago

Construction lending (mils.) (March)      $478.8      +57.2
Property acquisition lending (mils.)
  (9) (March)                           $5,970.3      +11.6
Refinance lending (mils.)
  (March) (10)                         $12,744.8      -12.6

Foreclosures
  Number (March)                              54      +96.3
  Value (mils.) (March)                    $23.4      +98.7
Building contracts (mils.)
  Residential (March.)                    $483.8      +54.6
  Nonresidential (March)                  $293.0      +55.1
Building permits (mils.)
  Residential (March)                     $584.7       +7.3
  Nonresidential (March)                  $259.3      +40.8
Housing start permits (March)              1,082      +43.1
Home sales (Apr.)                          8,555      -16.3
Home prices (000's) (Apr.)                $475.0      +14.7
Condo sales (Apr.)                       2,158.0       -9.1
Condo prices (000's) (Apr.)               $365.0      +13.7

Apartments (1st qtr.)
  Gross occupancy                          97.0%         NA
  Avg. sq. ft. rent                        $1.59       +6.3
  Avg. monthly rent                       $1,327       +7.0
Office vacancy rates (1st qtr.)
  Downtown L.A.                            17.8%         NA
  San Fernando Valley                       8.9          NA
  West L.A.                                14.8          NA
  South Bay                                20.4          NA
  Countywide                               14.0          NA
Industrial vacancy rates (1st qtr.)
  Downtown/Central                          1.1%         NA
  South Bay                                 2.5          NA
  San Gabriel Valley                        1.5          NA

TOURISM

                                                         % + from
                                     Latest   Previous   previous
                                      month      month      month

Hotel occupancy rate (March)          80.8%      78.6%         NA
Room rate (March)                    $145.7     $144.5       +0.8
Passengers
  LAX (000's) (March)               5,090.3    4,250.2      +19.8
  Burbank Airport (000's) (March)     463.3      409.4      +13.2

                                       Year    %+ from
                                        ago   year ago

Hotel occupancy rate (March)          79.0%         NA
Room rate (March)                    $132.2      +10.2
Passengers
  LAX (000's) (March)               5,186.4       -1.9
  Burbank Airport (000's) (March)     446.4       +3.9

FOOTNOTES

(1.) Not seasonally adjusted.

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

(3.) Music, television, film and commercials quarterly.

(4.) Through Los Angeles Customs District.

(5.) In thousands of tons.

(6.) 20-foot equivalent unit.

(7.) 1982-1984=100.

(8.) Metropolitan L.A. and San Fernando Valley

(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); M/PF Research Inc. (apartments); Grubb &
Ellis (office and industrial vacancy rates); PKF Consulting (hotel
occupancy rate, room rate).

Note: Updated figures is indicated with #.