Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Signs Point to Recovery and Recovery Means New Jobs

Leading economists are saying that the “Great Recession” of the last three years may be coming to a close, and that business, hiring, and the economy should be better in the coming year.

Let’s look at some of the facts and economic predictions. Factories are cranking up production, anticipating greater spending by consumers and businesses in 2011. Tax stabilization will give people an incentive to buy cars, computers and electronic goods, and provide businesses with incentives to invest in equipment. And manufacturing activity has expanded activity every month over the past 1 1/2 years. The big difference now is that the growth is being driven by higher sales and more confident consumers.

The latest signal came from the Institute for Supply Management, which said that the manufacturing sector expanded for the 17th straight month in December 2010. The trade group of purchasing managers announced that its index of manufacturing business activity rose to 57 last month, a seven-month high.

Sponsored
Sponsored

San Diego came in 20th in ranking for the best places in the USA to find jobs for 2011, according to CareerBliss, a career website. The information is based on an analysis from 2010 which evaluated what cities had the highest number of job listings per metro area. San Diego had 149,513 open jobs listed in 2010. Most job openings were in technology, followed by sales, engineering, and marketing.

Auto sales rose in the USA last year (2010) for the first time since the recession began. For the year, car and truck sales came in at 11.6-million, which is up 11 percent from 2009.

PricewaterhouseCoopers reported a faster-than-anticipated recovery in the capital markets arena fueled both mergers and acquisitions this year, and believes deal making is pointed toward a resurgence in 2011.

A private survey found that retail sales were up 5.5 percent in the 50-day period leading up to Christmas, the best increase in four years.

San Diego is one of but four major markets to see one-year home value appreciation in October, according to the S&P/Case-Shiller Home Prices Indices. The 3 percent year-over gain was blunted by a 1.5 percent month-over-month decline. Adjusting for seasonal considerations, the October/Sept change improved to a fall of just 0.8 percent. (Nationally, home valued fared much worse.) The four markets were: San Diego, Los Angeles, San Francisco, and Washington, D.C.

According to a report compiled by Cassidy Turley BRE Commercial, the Corky McMillin Center for Real Estate, and the National University System Institute for Public Research, it is anticipated that office, industrial, retail, apartment and capital markets in San Diego are expected to improve in 2011 throughout the year as it progresses.

A recent issue of The Kiplinger Letter says that “The economy will finally start to show more robust job growth... with GDP growth of about 3.5 percent in 2011.” Employers are expected to add about 2.5-million jobs in 2011, which is expected to lower the unemployment rate by year-end.

Perhaps not the most dynamic recovery in world history, but at least we’re on the right track in 2011.

The latest copy of the Reader

Please enjoy this clickable Reader flipbook. Linked text and ads are flash-highlighted in blue for your convenience. To enhance your viewing, please open full screen mode by clicking the icon on the far right of the black flipbook toolbar.

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

San Diego Dim Sum Tour, Warwick’s Holiday Open House

Events November 24-November 27, 2024
Next Article

Syrian treat maker Hakmi Sweets makes Dubai chocolate bars

Look for the counter shop inside a Mediterranean grill in El Cajon

Leading economists are saying that the “Great Recession” of the last three years may be coming to a close, and that business, hiring, and the economy should be better in the coming year.

Let’s look at some of the facts and economic predictions. Factories are cranking up production, anticipating greater spending by consumers and businesses in 2011. Tax stabilization will give people an incentive to buy cars, computers and electronic goods, and provide businesses with incentives to invest in equipment. And manufacturing activity has expanded activity every month over the past 1 1/2 years. The big difference now is that the growth is being driven by higher sales and more confident consumers.

The latest signal came from the Institute for Supply Management, which said that the manufacturing sector expanded for the 17th straight month in December 2010. The trade group of purchasing managers announced that its index of manufacturing business activity rose to 57 last month, a seven-month high.

Sponsored
Sponsored

San Diego came in 20th in ranking for the best places in the USA to find jobs for 2011, according to CareerBliss, a career website. The information is based on an analysis from 2010 which evaluated what cities had the highest number of job listings per metro area. San Diego had 149,513 open jobs listed in 2010. Most job openings were in technology, followed by sales, engineering, and marketing.

Auto sales rose in the USA last year (2010) for the first time since the recession began. For the year, car and truck sales came in at 11.6-million, which is up 11 percent from 2009.

PricewaterhouseCoopers reported a faster-than-anticipated recovery in the capital markets arena fueled both mergers and acquisitions this year, and believes deal making is pointed toward a resurgence in 2011.

A private survey found that retail sales were up 5.5 percent in the 50-day period leading up to Christmas, the best increase in four years.

San Diego is one of but four major markets to see one-year home value appreciation in October, according to the S&P/Case-Shiller Home Prices Indices. The 3 percent year-over gain was blunted by a 1.5 percent month-over-month decline. Adjusting for seasonal considerations, the October/Sept change improved to a fall of just 0.8 percent. (Nationally, home valued fared much worse.) The four markets were: San Diego, Los Angeles, San Francisco, and Washington, D.C.

According to a report compiled by Cassidy Turley BRE Commercial, the Corky McMillin Center for Real Estate, and the National University System Institute for Public Research, it is anticipated that office, industrial, retail, apartment and capital markets in San Diego are expected to improve in 2011 throughout the year as it progresses.

A recent issue of The Kiplinger Letter says that “The economy will finally start to show more robust job growth... with GDP growth of about 3.5 percent in 2011.” Employers are expected to add about 2.5-million jobs in 2011, which is expected to lower the unemployment rate by year-end.

Perhaps not the most dynamic recovery in world history, but at least we’re on the right track in 2011.

Comments
Sponsored

The latest copy of the Reader

Please enjoy this clickable Reader flipbook. Linked text and ads are flash-highlighted in blue for your convenience. To enhance your viewing, please open full screen mode by clicking the icon on the far right of the black flipbook toolbar.

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Trump names local supporter new Border Czar

Another Brick (Suit) in the Wall
Next Article

Escondido planners nix office building switch to apartments

Not enough open space, not enough closets for Hickory Street plans
Comments
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader