Jobs getting harder to come by in L.A. County, reports Econowatch.Help-wanted advertising volume in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. dropped a bit in Los Angeles in September, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this week's Econowatch. An index of help-wanted classified advertising sank to 87 in September, down from a revised figure of 88 in August, and off 30.4 percent from September a year ago, according to the New York-based Conference Board, a business research group. This important indicator continues to suggest a Southland economy struggling with recession. In other news, Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation). “KLAX” redirects here. For other uses, see KLAX (disambiguation). Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX reported that air cargo air cargo: see aviation. volume was down in September to 100,400 tons, off 11.2 percent from August, and off 8.9 percent from September a year ago. Passenger volume at LAX was reported at 3.73 million in September, virtually unchanged from a year earlier. Los Angeles area bankruptcies continued at a high level in September, but seem to have reached a plateau, perhaps indicating the worst has been seen. According to the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in Los Angeles, 199 companies declared Chapter 11 reorganization bankruptcy in September, up a bit from 181 in August, and up 42.1 percent from September a year earlier. The Chapter 11 bankruptcies, generally involving medium-sized or larger companies, have been around the 200 figure since March. There were 5,807 companies that declared Chapter 7 liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy bankruptcies in September, up a smidgen from August, and up 55.2 percent from September a year earlier. Generally speaking, it is smaller companies that declare Chapter 7. As with Chapter 11 bankruptcies, the number of Chapter 7 declarations rose sharply late last year, and through this spring, before reaching a rough plateau in summer. Contracts for future construction in Los Angeles County, tracked by F.W. Dodge, sank to $374.6 million in September, off 23.7 percent from a year earlier. This leading indicator Leading Indicator A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate. has been waffling around the $400 million mark since April. Econowatch, a compilation of Southland economic and business statistics, is published weekly by the Business Journal to keep tabs on local economic trends. ECONOWATCH -- L.A. COUNTY TABULAR DATA OMITTED TABULAR DATA OMITTED TABULAR DATA OMITTED |
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