San Diego Workforce Partnership’s Research and Labor Market Intelligence Team
• San Diego Institute for Policy Research index also shows local economic slowdown.
The continuing slowdown in residential construction darkened the countywide economic outlook in April, according to an index developed by the San Diego Institute for Policy Research. The Institute’s index continued its downward trend, led by a 45% decline in residential building permits and a sluggish job market, which affected local consumer confidence. A rise in the local stock index and an increase in the issuance of new business permits had positive impacts on the index. (San Diego Economic Ledger, June 2007)
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