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

  • Del Mar couple to present program about Bhutan at Solana Beach Library September 1, 2014
    Join cultural anthropologist and photographer Roger Harmon and his wife, Nancy, at 6:30 p.m. Tuesday, Sept. 9, in the Solana Beach Library for a free presentation of their travels to Bhutan through slides and artifacts. […]
  • Carmel Valley Boy Scouts climb Mount Whitney September 1, 2014
    Several boys from Boy Scout Troop 765 (Carmel Valley) made the climb to the tallest peak in the contiguous 48 states this summer. They spent the summer hiking the tallest peaks of Southern California, preparing for their hike of Mount Whitney. These peaks included Mount Baldy, Mount San Jacinto, and Mount San Gorgonio. The boys made the 22-mile round-trip tr […]
  • Multimillion-dollar renovation complete at Hilton San Diego Del Mar September 1, 2014
    Hilton San Diego Del Mar announces the completion of its multimillion-dollar renovation. Funded by Wheelock Street Capital and Sage Hospitality, the hotel’s completed renovation includes the lobby, business center, fitness center, restaurant, meeting spaces and all 257 guest rooms. “This renovation has truly transformed the Hilton San Diego Del Mar property, […]