Economic factors could derail fragile recovery
San Diego Daily Transcript--The Friday release of jobs data focused on the fact that the nation's unemployment rate rose in August to 9.7 percent, the highest level in 26 years. This latest report -- often referred to as a lagging economic indicator -- suggested that the economy is still a long way from recovery.
But, there is plenty of other evidence that an economic rebound is already under way.
"The outlook for San Diego's economy remains cautiously optimistic," said professor Alan Gin from the University of San Diego following the release of the index of leading economic indicators for the San Diego County region.
The index rose in July for the fourth consecutive month after dropping in 32 of the previous 33 months. (Full story)
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