Econowatch L.A. County

GENERAL INDICATORS

% + from

Latest Previous previous Year %+ from

month month month ago year ago

Employment (000's) (Nov.) 4,427 4,402 +0.6% 4,371 +1.3%

Unemployment (000's) (Nov.) 266 277 -4.0 315 -15.6

Help-wanted ads index (Oct.) 42 42 0.0 41 +2.4

Jobless-to-job ad ratio (Oct.)1 6.5 6.5 0.0 7.7 -15.6

Film permits (Oct.)2 2,625 2,679 -2.0 2,701 -2.8

Business failures (Dec.) 369 218 +40.9 244 +33.9

Bankruptcies

Chapter 7 (Oct.) 2,867 2,775 +3.3 3,663 -21.7

Chapter 11 (Oct.) 14 13 +7.7 24 -41.6

Exports (mils.) (Aug.) $5,677.6 $5,407.9 +5.0 $4,915.3 +15.5

Imports (mils.) (Aug.) $11,636.7 $11,476.9 +1.2 $10,452.6 +11.3

Air cargo4

LAX (Sept.) 195.3 176.5 +10.7 178.1 +9.7

Burbank (Sept.) 6.3 6.6 -4.5 6.8 -7.3

Los Angeles CPI (Nov.)5 167.1 167.2 -0.1 163.4 +2.3

Index of Leading Indicators (Oct.)6 101.3 101.5 -0.2 100.9 +0.4

Electricity Accounts (OOO's)7

Residential (Sept.)8 1,191.5 1,193.6 -0.2 1,177.2 +1.2

Commercial (Sept.) 172.0 175.2 -1.8 171.26 +0.2

Industrial (Sept.) 15.7 15.8 -0.6 16.0 -1.9

REAL ESTATE

Construction lending (mils.) (Sept.) $248.8 $192.8 +29.0% $329.3 -24.4%

Property acquisition lending (mils.) (Sept.) $2,287.3 $2,185.7 +4.6 $2,307.6 -0.9

Refinance lending (mils.) (Sept.)9 $4,737.9 $2,850.4 +66.2 $4,916.2 -3.6

Foreclosures

Number (Sept.) 1,353 1,417 -4.5 2,070 -34.6

Value (mils.) (Sept.) $191.6 $204.6 -6.4 $297.5 -35.6

Building contracts (mils.)

Residential (Oct.) $129.1 $167.9 -23.1 $172.3 -25.1

Nonresidential (Oct.) $157.6 $247.2 -36.2 $218.6 -27.9

Building permits (mils.)

Residential (Oct.) $248.0 $268.0 -7.5 $256.1 -3.2

Nonresidential (Oct.) $291.8 $290.8 -0.3 $276.8 +5.4

Housing start permits (Oct.) 935 1,159 -19.3 1,082 -13.6

Home sales (Sept.) 8,573 8,371 +2.4 8,042 +6.6

Home prices (000's) (Sept.) $198.5 $204.0 -2.7 $192.0 +3.4

Condo sales (Sept.) 1,639 1,502 +9.1 1,375 +19.2

Condo prices (000's) (Sept.) $177.0 $170.5 +3.8 $181.5 -2.5

Apartments (3rd qtr.)10

Gross occupancy 96.6% 94.6% NA 94.2% NA

Avg. sq. ft. rent $1.27 $1.25 +1.6 $1.18 +7.6

Avg. monthly rent $1,015 $1,010 +0.5 $901 +12.7

Office vacancy rates (3rd qtr.)11

Downtown L.A 19.7% 20.6% NA 21.2% NA

San Fernando Valley 10.5% 10.3% NA 9.8% NA

West L.A. 8.5% 9.8% NA 10.8% NA

South Bay 16.0% 16.4% NA 20.2% NA

Countywide 13.9% 18.7% NA 16.4% NA

Industrial vacancy rates (3rd qtr.)

Downtown/Central 1.3% 3.0% NA 5.0% NA

South Bay 4.5% 4.4% NA 5.2% NA

San Gabriel Valley 5.3% 5.2% NA 5.8% NA

TOURISM

% + from

Latest Previous previous Year %+ from

month month month ago year ago

Hotel occupancy rate (Oct.) 77.94% 73.29% NA 77.46% NA

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