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San Diego Jobs 2010-2011
By Jose Pena - Experts shared a mixed economic forecast Thursday, erring on the optimistic and predicting slow job growth in 2010. A renewed threat of terrorism and the federal government’s rapidly accruing debt, however, could create a double-dip recession that would halt recovery, they said.
Panelists on the 2010 San Diego County Economic Roundtable agreed on many points — namely, the recession has ended, and the economy is crawling out of dark days and a common thread was spread through their presentations: “Things are less bad than they were,” said Alan Gin, an associate professor of economics at the University of San Diego’s School of Business Administration.
Gin and colleagues shared the sentiment that things are less bad and outlined key indicators that may show the worst is behind us.
Gin, who said 2009 was the “worst year ever, as far as the local economy is concerned,” said in the waning days of 2009, the county was on track to lose 50,000 jobs, and the unemployment rate hovered in double digits for six consecutive months.
Gin, who, admittedly, gave a grimmer forecast than others, said if the economy hasn’t bottomed out yet, it will in the first half of 2010. Growth, he predicted, would be weak, but we will see an upturn, he said. He expects to see increases in housing prices and the number of building permits, and 3,000 to 5,000 new local jobs.
Ahorre January 8, 2010 02:29 PM | New Fairfield Connecticut