Job growth has nearly ground to a halt in San Diego County, raising the risk of a recession later this year, two economists who track the local business climate said Friday.
The latest monthly employment report shows that woes in real estate and construction have spilled over into the local economy, said the economists, Kelly Cunningham of the San Diego Institute for Policy Research and Alan Gin of the University of San Diego.
The county's unemployment rose to an estimated 4.6 percent in June, from 4.2 percent in May, the California Employment Development Department reported Friday. The unadjusted rate was also 4.2 percent in June 2006. California's unemployment rate for June was 5.2 percent, the same as in May and up from last June's rate of 4.9 percent.
