L.A. business data is put in its place

first_imgIt tracks the unemployment rate, employment in six employment sectors, ocean container traffic, airport passenger traffic, single family and multifamily construction permits, median home price, revenue per available hotel room, the industrial vacancy rate and film production days. The LAEDC plans to use the feature as a global marketing tool that offers a snapshot of what’s going on in the county. This information is released throughout each month or on a quarterly basis but this is the first time it can be found in the same place. “Rather than being just numbers we will give you a written summary,” said Jack Kyser, the LAEDC’s vice president and chief economist. It will also offer an unfiltered look at the what’s going on industry-wise in the county. The agency that tracks business activity in Los Angeles County on Wednesday introduced a compilation of statistics that will measure the performance of the area’s economy on a regular basis. Called The Los Angeles County Business Scan, it will be updated monthly and consist of 15 indicators that track the world’s 17th-largest economy. It will also be used to chart recent economic trends. “We’re pleased to make this value-added service available to the global business community,” Bill Allen, president and chief executive officer of the Los Angeles County Economic Development Corp., said in a statement. “A lot of time people are not that familiar with Los Angeles County and a lot of media reports, especially in the East, are somewhat distorted,” Kyser said. Daniel Blake, director of the San Fernando Valley Economic Research Center at California State University, Northridge, said this will become a valuable tool, especially since the information is in the same place. “It will be useful for analyzing the future (economic) direction given a little bit of experience with this,” he said. [email protected] (818) 713-3743 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img

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