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The lead indicators of the San Diego economy, compiled by University of San Diego economist Alan Gin, continued to drop in November, indicating that the good news is not arriving. The indicator has declined each month this year. The November 2008 reading was 110.6, down 1.9 percent from October. In November of 2007, the index was at 140.4. Last month, every component declined: building permits, initial unemployment claims, stock prices, consumer confidence, help wanted advertising and the national economy.
The lead indicators of the San Diego economy, compiled by University of San Diego economist Alan Gin, continued to drop in November, indicating that the good news is not arriving. The indicator has declined each month this year. The November 2008 reading was 110.6, down 1.9 percent from October. In November of 2007, the index was at 140.4. Last month, every component declined: building permits, initial unemployment claims, stock prices, consumer confidence, help wanted advertising and the national economy.