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Article: Job rate, hiring remain bleak across many sectors: defense, high-tech and health care not as grim.
- Article from:
- San Diego Business Journal
- Article date:
- August 25, 2008
- Author:
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The fact that San Diego's unemployment rate rose to 6.4 percent in July. Its highest mark since October 1995, didn't shock many economic observers, who say the signals for a turnaround aren't evident.
"The difference back then was we were coming out of a recession, and the unemployment rate was coming down. This time it's rising, and I don't think we'll see it go down by the end of the year," said Kelly Cunningham, an economist at the San Diego Institute for Policy Research, a privately funded think tank.
Until December 2007, the area's unemployment was fairly predictable lowest at the end of the year and into the early part of the year, buoyed mainly ...