Econowatch L.A. county.

ECONOWATCH L.A. COUNTY

GENERAL INDICATORS
                                                              % - from
                                         Latest    Previous   previous
                                         period      period     period

Employment (000's) (Dec.) (1)            4652.6     4,661.1       -0.2
Unemployment (000's) (Dec.) (1)           202.7       196.4       +3.2
Film Production Days (3rd qtr.) (2)       9,930        7853      +26.4

Bankruptcies
Chapter 7 (Oct.)                            609         609       +0.0
Chapter 11 (Oct.)                             5           7      -28.6
Trade (3)
Exports (mils.) (Nov.)                 $7,701.7    $7,970.9       -3.4
Imports (mils.) (Now.)                $20,737.9   $22,717.9       -8.7

Air cargo (4)
  LAX (Dec.)                              178.8        175.1       2.1
  Burbank (Dec.)                           10.9         10.8       0.9
Container volume (5) (000's)
  Long Beach (Dec.)                       575.2          655     -12.2
  Los Angeles (Dec.)                      712.3        745.6      -4.5
Los Angeles CPI (Nov.)                    211.1        211.4      -0.1

Electricity Accounts (000's) (6)
  Residential (Dec.)                    1,239.2      1,244.1      -0.4
  Commercial (Dec.)                       180.1        177.3       1.6
  Industrial (Dec.)                        13.4         13.5      -0.7

                                           Year   % + from
                                            ago   year ago

Employment (000's) (Dec.) (1)           4,641.0        0.2
Unemployment (000's) (Dec.) (1)           245.7      -17.5
Film Production Days (3rd qtr.) (2)       9,262        7.2

Bankruptcies
Chapter 7 (Oct.)                         13,147      -95.4
Chapter 11 (Oct.)                            11      -54.5
Trade (3)
Exports (mils.) (Nov.)                 $6,864.0       12.2
Imports (mils.) (Now.)                $18,672.8      +11.1

Air cargo (4)
  LAX (Dec.)                              185.5       -3.6
  Burbank (Dec.)                             10          9
Container volume (5) (000's)
  Long Beach (Dec.)                       545.8        5.4
  Los Angeles (Dec.)                      621.3       14.6
Los Angeles CPI (Nov.)                    205.6        2.7

Electricity Accounts (000's) (6)
  Residential (Dec.)                    1,236.3        0.2
  Commercial (Dec.)                       180.6       -0.3
  Industrial (Dec.)                        13.7       -2.2

REAL ESTATE
                                                              % + from
                                         Latest    Previous   previous
                                         period      period     period

Construction lending (mils.) (Nov.)      $626.0       721.2      -13.2
Property acquisition lending           $4,888.6    $5,243.5       -6.8
  (mils.) (7) (Nov.)
Refinance lending (mils.)             $14,079.7   $14,258.8       -1.3
  (Nov.) (8)

Foreclosures
  Number (Nov.)                             327         302       +8.3
  Value (mils.) (Nov.)                   $148.0       113.5      +30.4
Building contracts (mils.)
  Residential (Dec.)                     $572.9       341.2      +67.9
  Nonresidential (Dec.)                  $448.8       820.2      -45.3
Building permits (mils.)
  Residential (Dec.)                     $501.5       461.4       +8.7
  Nonresidential (Dec.)                  $378.7       375.3       +1.0
Housing start permits (Dec.)              2,033       1,900       +7.0
Home sales (Dec.)                         6,237       5,884       +5.9
Home prices (000's) (Dec.)               $550.0      $550.0       +0.0
Condo sales (Dec.)                        1,414       1,337       +5.8
Condo prices (000's) (Dec.)              $415.0      $411.0       +1.0
Apartments (4th qtr.)
  Gross occupancy                         95.3%       96.2%         NA
  Avg. sq. ft. rent                       $1.86       $1.84       +1.1
  Avg. monthly rent                      $1,614      $1,595       +1.2
Office vacancy rates (4th qtr.)
  Downtown L.A                            14.1%       14.3%         NA
  San Fernando Valley                      6.0         6.0          NA
  West L.A.                                6.4         6.8          NA
  South Bay                               14.5        14.6          NA
  Countywide                               9.5         9.7          NA
Industrial vacancy rates (4th qtr.)
  Downtown/Central                         0.9%        1.1%         NA
  South Bay                                1.9         2.2          NA
  San Gabriel Valley                       1.2         1.1          NA

                                           Year   % + from
                                            ago   year ago

Construction lending (mils.) (Nov.)      $545.4       14.8
Property acquisition lending           $5,169.5       -5.4
  (mils.) (7) (Nov.)
Refinance lending (mils.)             $13,748.7       +2.4
  (Nov.) (8)

Foreclosures
  Number (Nov.)                              53     +516.9
  Value (mils.) (Nov.)                    $21.4     +591.6
Building contracts (mils.)
  Residential (Dec.)                     $367.4      +55.9
  Nonresidential (Dec.)                  $699.4      -35.8
Building permits (mils.)
  Residential (Dec.)                     $560.4      -10.5
  Nonresidential (Dec.)                  %304.2      +24.5
Housing start permits (Dec.)              2,143       -5.1
Home sales (Dec.)                         7,367      -15.3
Home prices (000's) (Dec.)               $525.0       +4.8
Condo sales (Dec.)                        1,743      -18.9
Condo prices (000's) (Dec.)              $400.0       +3.8
Apartments (4th qtr.)
  Gross occupancy                         95.9%         NA
  Avg. sq. ft. rent                       $1.72       +8.1
  Avg. monthly rent                      $1,497       +7.8
Office vacancy rates (4th qtr.)
  Downtown L.A                            14.9%         NA
  San Fernando Valley                      7.0          NA
  West L.A.                                8.8          NA
  South Bay                               17.3          NA
  Countywide                              11.2          NA
Industrial vacancy rates (4th qtr.)
  Downtown/Central                         1.3%         NA
  South Bay                                2.8          NA
  San Gabriel Valley                       1.6          NA

TOURISM
                                                        % + from
                                    Latest   Previous   previous
                                     month      month      month

Hotel occupancy rate (Nov.)          75.5%      78.5%         NA
Room rate (Nov.)                   $146.79    $147.49       -0.5
Passengers
  LAX (000's) (Dec.)               5,072.5    4,825.3       +5.1
  Burbank Airport (000's) (Dec.)     465.6      475.2       -2.0

                                      Year   % + from
                                       ago   year ago

Hotel occupancy rate (Nov.)          73.7%         NA
Room rate (Nov.)                   $132.27     +10.9%
Passengers
  LAX (000's) (Dec.)               4,997.5       +1.5
  Burbank Airport (000's) (Dec.)     460.6       +1.1

FOOTNOTES

(1.) Not seasonally adjusted.

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

(3.) Through Los Angeles Customs District.

(4.) In thousands of tons.

(5.) 20-foot equivalent unit.

(6.) Metropolitan LA. and San Fernando Valley

(7.) Apartment and residential combined

(8.) Includes refinancings, second mortgages and equity mortgages

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).

--Jade Takahashi