Unemployment uptick a worry?
U-T EconoMeter panels looks at recent rates and slowing job growth
Roger Showley, U-T SAN DIEGO
Friday, August 23, 2013
Kelly Cunningham, National University System
Since 2010 San Diego’s pace of job creation slightly exceeds the rest of the nation. This is largely due to defense spending and key technology sectors moving forward. Recovering real estate also stirred some activity. Economic momentum may not continue without these sectors expanding. Other sectors – including visitor, finance, health, education, and research – depend upon spending from other parts of the state and nation. By this point of recovery, the economy should be self-sustaining. Without continued federal spending, massive bond buying, and artificially low interest rates stimulating growth, however, it is questionable San Diego’s stronger economic growth will be sustained.