USD economic indicators show slight improvement in January

The University of San Diego’s local index of leading economic indicators edged up .6 percent in January, in large part due to fewer people filing for unemployment insurance, it was announced Thursday.

The monthly index, compiled by economics professor Alan Gin for USD’s Burnham-Moores Center for Real Estate, has risen during the last 10 consecutive months.

There were solid increase in building permits, local stock prices, help-wanted advertising and the outlook for the national economy, but a decline in local consumer confidence, according to the index.

According to Gin, a bottom in terms of the decline in economic activity is likely in the first half of this year, if it hasn’t occurred already.

However, he cautioned that employment may be slow to recover as companies wait to make sure the economy has improved enough before adding permanent staff.