Economic indicators for San Diego show slight dip in September

By City News Service

The University of San Diego’s Index of Leading Economic Indicators fell slightly in September, the first decline in a year-and-a-half, it was announced Thursday.

The 0.1 percent drop was led by a sharp reduction in residential building permits and a slight rise in initial claims for unemployment insurance, according to Alan Gin, who compiles the index for USD’s Burnham-Moores Center for Real Estate.

Local stock prices, consumer confidence, help-wanted advertising and the outlook for the national economy were positive during the month, but only modestly, according to Gin.

“While September’s decline is a little worrisome, it is not a signal that a downturn in the local economy is imminent,” his report states.

Economists usually look for three consecutive months of moves to signal a turning point in the economy. “It remains to be seen whether this is just a temporary bump in an upward trend or the beginning of the dreaded ‘double dip’ recession,” Gin wrote.

Related posts:

  1. Unemployment rate in county was 10.6 percent in August
  2. COO: If tax measure fails, city faces $23 million in cuts
  3. Report: Nearly 1/3 of SD residents make less than cost of living
  4. Air quality rules changes could affect SD's compliance
  5. Child exploitation protection program launched

Short URL: http://www.lajollalight.com/?p=4861

Posted by Halie Johnson on Oct 28, 2010. Filed under News, Region. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

La Jolla Community Calendar

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

RSS North Coastal News

  • Local camp shapes Solana Beach youth into community leaders July 28, 2014
    After attending the inaugural La Colonia de Eden Gardens Youth Leadership Camp last year, Edgar Vergara was inspired to make positive change in Solana Beach’s Eden Gardens community. Along with other local teens, the 15-year-old co-founded the youth group La Colonia Changers and recently hosted a town hall forum on underage drinking. Passionate about making […]
  • Del Mar Union School District approves new contract for superintendent July 28, 2014
    The Del Mar Union School District Board July 23 approved the new contract for Superintendent Holly McClurg through June 30, 2018. Per the contract, McClurg’s annual salary will be $185,000 with an annual doctoral stipend of $10,000. She will receive a car allowance of $400 a month, 25 vacation days, health benefits and a retirement contribution of $700 a mon […]
  • Carmel Valley 5K and 10K to hit Gonzales Canyon trails in September July 28, 2014
    A new trail running race is coming to Carmel Valley this fall. Jeff Stoner of Del Mar’s Seasick Marketing visited the Carmel Valley Community Planning Board to update the board on the plans for the Carmel Valley Trail 5K and 10K Run, set to take place on Sept. 20. A portion of race proceeds will go toward the Challenged Athletes Foundation. […]