Saturday, April 30, 2011
San Diego Union Tribune -- An increase in hiring and home construction brighten San Diego's economic outlook in March, according to an index of leading economic indicators released today by the University of San Diego.
The index rose by a relatively strong 1 percent in March, its highest point since the summer of 2008. But it remains substantially below its pre-recession levels.
"While the gain is welcome, the local economy still has a long way to go to fully recover," said USD economist Alan Gin, who compiles the index for the university's Burnham-Moores Real Estate Institute. "At the March rate of job growth, it will take another four years to get back to the same level of employment as the peak in December 2007." (Full Story)