Despite public skepticism over the strength of the economy, San Diego County’s leading economic indicators continue to suggest that the long-troubled employment and housing markets are on the mend and that a recovery is in the offing, according to a report released yesterday by the University of San Diego. Economist Alan Gin said the numbers indicate that the decline in local economic activity has either bottomed out or will probably bottom out by June. Gin’s conclusions were echoed by a Southern California index of leading economic indicators released yesterday by California State University Fullerton. Like the USD index, the Fullerton index has been rising steadily since last spring. Fullerton economist Adrian Fleissig, who compiles the index, said it suggests that Southern California will begin to have positive economic growth in the next three to six months, “although it may be a jobless recovery.” [Read this article]
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