1. Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC Economic Forecast & Industry Outlook 2015-16 Lakewood Chamber of Commerce March 25, 2015

2. U.S. & California Los Angeles County Lakewood Forecast/Conclusion Kyser Center for Economic Research Outline

3. Kyser Center for Economic Research U.S. & California

4. Source: US Bureau of Economic Analysis Kyser Center for Economic Research Gross Domestic Product Annual % change, chain-type (2009) $ AnnualQuarterly Q4 2014: +2.2%

5. CA Unemployment Rate Falling Quickly Source: US BLS, CA EDD Kyser Center for Economic Research Unemployment Rate

6. Source: US Bureau of Labor Statistics Kyser Center for Economic Research U.S. Nonfarm Job Growth MTM changes in thousands, Seasonally Adjusted

7. California Adding Jobs Faster than U.S. Source: US BLS, CA EDD Kyser Center for Economic Research YTY % change in nonfarm jobs, seasonally adjusted

8. Source: CA EDD, Labor Market Information Division Kyser Center for Economic Research Annual Benchmarking- Annual % Change in Nonfarm Jobs

9. Source: CA EDD, Labor Market Information Division Kyser Center for Economic Research Annual Benchmarking- Annual % Change in Nonfarm Jobs

10. Source: US Bureau of Labor Statistics Kyser Center for Economic Research Consumer Price Index Percent change from a year ago, 100 = 1982-1984 Feb 2015: All Items -0.1%; Core +1.6%

11. Household Income Below Peak Median HH Income in Thousands of 2013 Dollars Source: Census Bureau Kyser Center for Economic Research -8%

12. Forecast Source: LAEDC Kyser Center for Economic Research U.S. Economic Forecast

13. Forecast Source: LAEDC, Forecast Feb 2015 Kyser Center for Economic Research California Economic Forecast

14. Los Angeles County Kyser Center for Economic Research

15. Source: CA EDD, Labor Market Information Division Kyser Center for Economic Research Local Unemployment Rates Feb 2015

16. Kyser Center for Economic Research Job Trends by Industry – Los Angeles YTY % change in nonfarm employment by industry, not seasonally adjusted Source: CA EDD, Labor Market Information Division Feb 2015: +101,100 jobs, +2.4% YTY; u-rate: 7.7%

17. Millions of TEUs Container Throughput San Pedro Bay Ports Sources: Ports of Los Angeles and Long Beach; forecast by LAEDC Kyser Center for Economic Research Feb 2015 YTD: -18%

18. YTY: -15.0% Sources: Port of Los Angeles, Port of Long Beach Los Angeles : -10.2% YTY Long Beach: -20.1% YTY Los Angeles : -10.2% YTY Long Beach: -20.1% YTY Port Container Traffic – Los Angeles & Long Beach Ton Equivalent Units (TEUs), February 2015

19. Kyser Center for Economic Research L.A. County Trans/Warehousing & Wholesale Employment Feb 2015 YTY: Trans/Warehousing +2,300 jobs, +1.4% Wholesaling 7,300 jobs, +3.3% Source: CA EDD, Labor Market Information Division

20. Kyser Center for Economic Research L.A. County Manufacturing Employment Feb 2015 YTY – Durable: -1,100, -0.5% | Nondurable: -2,400, -1.5% Source: CA EDD, Labor Market Information Division

21. Source: US Bureau of Economic Analysis; IHS Economics Kyser Center for Economic Research Value of Manufacturing Output – California

22. On-Location Film Production Days by Type Source: Film LA Kyser Center for Economic Research

23. L.A. County Motion Picture & Sound Recording Employment Source: CA EDD, Labor Market Information Division Feb 2015 YTY: +800 jobs, +0.7%

24. Kyser Center for Economic Research L.A. County Financial Activities Employment Feb 2015 YTY – Fin & Ins: -1,100, -0.8% | R.E & Leasing: +2,900, 3.9% Source: CA EDD, Labor Market Information Division

25. Kyser Center for Economic Research L.A. Health Care and Social Assistance Employment Feb 2015 YTY: +19,500 jobs, +3.2% Source: CA EDD, Labor Market Information Division

26. Kyser Center for Economic Research L.A. County Leisure & Hospitality Employment Feb 2015 YTY: +19,200 jobs, +4.3% Source: CA EDD, Labor Market Information Division

27. Kyser Center for Economic Research L.A. County Retail Employment Feb 2015 YTY: +10,000 jobs, +2.5% Source: CA EDD, Labor Market Information Division

28. Source: US Bureau of the Census Kyser Center for Economic Research U.S. Retail Trade & Food Sales Feb 2015: +2.2% Percent change from a year ago

29. Los Angeles County Personal Income & Taxable Sales Growth Source: California Board of Equalization, US Dept. of Commerce, Estimates & forecasts by the LAEDC

30. Kyser Center for Economic Research L.A. County Construction Employment Feb 2015 YTY: +6,900 jobs, 5.9% Source: CA EDD, Labor Market Information Division

31. Residential Building Permits Issued in Los Angeles County Source: CIRB, California Home Building Foundation, forecast by LAEDC Kyser Center for Economic Research

32. Home Sales & Median Prices Los Angeles County New and existing, single-family homes and condos Sales$ Thousands Source: CA Real Estate Research Council; DataQuick

33. Note: For Apartments with > 100 units Source: Real Facts; CA Real Estate Research Council Kyser Center for Economic Research SoCal Six-County Region Apartment Vacancy Rates & Average Rental Rates

34. Kyser Center for Economic Research Lakewood

35. Kyser Center for Economic Research Selected Unemployment Rates Source: CA EDD, Labor Market Information Division February 2015

36. Retail, Food & Beverage Health Care Aerospace Goods Movement Professional Business Services Kyser Center for Economic Research Local Industries

37. Forecast 2015-16 Kyser Center for Economic Research

38. Los Angeles County Economic Forecast Source: LAEDC

39. www.laedc.org 10 th Annual LAEDC-WTC International Trade Outlook Wednesday, May 20, 2015 8 am – 11 am Long Beach http://laedc.org/international-trade-outlook/ Kyser Center for Economic Research

40. www.laedc.org e-EDGE Economic News Digest US and Global California California Counties Delivered weekly to your Inbox! GO TO… http://laedc.org/news-events/newsletters/ THANK YOU! Kyser Center for Economic Research