L.A. County Econowatch

GENERAL INDICATORS % + from Latest Previous previous Year %+ from month month month ago year ago Employment (000’s) (Oct.) 4,401 4,407 -0.1% 4,349 +1.2% Unemployment (000’s) (Oct.) 273 271 -0.7 314 -13.1 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 Los Angeles CPI (Oct.)5 167.2 167.2 0.0 163.1 +2.5 Index of Leading Indicators (Oct.)6 101.3 101.5 -0.2 100.9 +0.4 FOOTNOTES 1. For Burbank-Glendale-Pasadena Airport. 2. The index, generated by First American Real Estate Solutions, is based on a statistical model that tracks the resale value of a preselected group of homes and is considered by the industry to be a more accurate measure than either the average or median sales price. It eliminates trend shifts which occur from differing types of houses sold from one period to another. The index base value is 100 which reflects its level in January of 1990. N/A means not applicable. BOLDFACE INDICATES UPDATED FIGURES Sources: Central District of Calif., (bankruptcies); Economic Development Corporation, Los Angeles (business failures, exports, imports); Burbank-Glendale-Pasadena Airport Authority (Burbank passenger traffic and air cargo); Axicom/DataQuick Information Systems Inc., La Jolla (construction lending, property lending, refinance lending, home sales, home prices); First American Real Estate Solutions (foreclosures); Grubb & Ellis (office and industrial vacancy rates); PKF Consulting (hotel occupancy, room rate), City of Los Angeles Housing Department (apartment vacancies).